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Thursday's Quote of the Day

08:30 UK time, Thursday, 26 November 2009

"Hereby cancelled, voided, avoided, nullified, set aside and is of no further force and effect" - Just in case anyone missed that, a New York judge rips up an unfair $500,000 debt.

An ailing couple who fell into negative equity - "under water" in the US - went to court expecting to be evicted after interest and penalties on their mortgage took their debts to $500,000 (about £300,000). But as the bank had rejected their every attempt to settle the debt, the judge branded the bank "repulsive" and wiped their slate clean.

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