Rates are great deal overdue

It is not surprising there is so much animosity towards the former Anglo chief as this criminal bank has caused untold misery to the people of this country and will continue to do so.

But the reality is, as Judge Karen O’connor pointed out, she was sentencing Drumm for fraud and not for the financial crisis which destroyed the economy and led to suicides as well as mass unemployment and emigration.

While it is being suggested Drumm’s jailing for his role in this monumental €7.2billion fraud brings to an end the Anglo scandal for many people this is not the case.

The recklessness and criminality in Anglo resulted in it being nationalised in 2009 and liquidated in 2013, receiving a total of €34.7billion from the Irish taxpayer.

In recent weeks it was disclosed the wind-up of Anglo is still costing the taxpayer €100,000 a day and will hit the €306million mark by 2022.

While the public can take some satisfaction from knowing Drumm and his co-conspirators are doing jail time there is also a sense that justice remains to be done.

For they are only too well aware many of those who were involved in destroying the economy not only escaped prosecution, some of them are also living it large while owing billions of euro to the taxpayer. CENTRAL Bank moves to force lenders to disclose cheaper mortgage rates to homeowners are welcome.

It is hoped it will save people thousands of euro as the banks will now have to explain everything in greater detail.

Those who are perhaps already paying extortionate mortgage rates maybe able to switch and save massive amounts of money.

People will now be able to compare what is on the market and see what works best for them and change lenders if they wish to.

This is a change which has been a long time coming but one that will be warmly welcomed by so many paying well over the odds.