IRISH ECONOMY - BANKING...ANY MORALES?

I see the Allied Irish Bank has increased it's mortgage rate again. This will adversely effect 50,000 households in a small country of 4 million people. Assuming 3 people per home, this is probably about 4% of the population. Since the people of Ireland now own the banks and the country is going through such a strong recession with mortgage defaults running at an all time high, is it right for the government to essentially stand by and watch people lose their homes? Are the banks and politicians behaving ethically? (posted by LayWhispers)