AIB may use its taxpayer funded bailout to bailout taxpayers stuck in underwater mortgages....

|By:, SA News Editor
AIB may use its taxpayer funded bailout to bailout taxpayers stuck in underwater mortgages. Saying such a solution needs to be "industry-wide," the lender is in talks with the central bank over the plan. "I'd prefer to call it debt restructuring. Forgiveness implies a degree of moral hazard," says AIB's chairman.