Only builders will profit from Cameron's sub-prime homes | Simon Jenkins

Using public money to back mortgages sends out a toxic message. The cash should be used on housing for the poor

After the SS British Economy hit an iceberg three years ago, survivors were hauled from the freezing sea aboard the good ship Cameron. They assumed he'd be a more reliable helmsman. So what should they make of their new captain deciding to hurl his vessel at full speed towards the self-same iceberg?

David Cameron announced on Monday that he wants to "revive people's hopes and dreams...