Politicians will be forced to face brutal reality of mortgage crisis

For months before the publication of the Keane Report into the mortgage crisis we heard Minister for Finance and other politicians dodge questions by saying:

We have to wait until the Keane Report is published; then we will take immediate action.

Predictably, these promises were just the usual political lies.

Minister for Social Protection, Joan Burton, has just launched the next phase of delay and waffle.

The adoption of many of the proposed reforms will have to wait until legislative changes to the personal insolvency laws come into force next year.

In normal circumstances such dishonest behaviour by politicians can be stretched out to years, even decades.

Time, however, is almost up for such dishonesty because the mortgage crisis is coming to a head and politicians are going to be forced, whether they like it or not, to deal with brutal reality – it will not be a pretty sight.