AIB bites the bullet, how long before other banks wake up?

For five years, politicians have been carping about the slow-learning banks not writing off mortgage debt for homeowners in arrears. Now AIB is doing just that. But its actions are not being met with universal approval from public representatives. Fianna Fáil’s Michael McGrath said whether a family gets a sustainable solution to its mortgage headache depends on which bank provided them with their loan. Independent TD Stephen Donnelly said he “welcomed” the development but called for a more “systemic” approach. …