Friday, Sep 28, 2007
Summary of the File on 4 programme
BBC: Bubble trouble in housing market
Looking at every investment mania, from the South Sea bubble of the 18th Century to the stock market boom of the 1920s or the dotcom madness of more recent years, you find dubious deals and misleading numbers which helped persuade borrowers and investors to invest more than they should
Posted by holding out @ 04:49 PM (618 views) Add Comment
4 Comments
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1. confused76 said...
The FSA declined to be interviewed on why it thought so many self-certs were being issued.
But in a statement after the programme, the authority said it would "crack down on this abuse".
The FSA have to be kicked in the arses. they have done NOTHING about this very well known practice for years
2. Bloo Loo said...
what are they gonna do- compensate people for lying?prosecute them? what?
3. uncle chris said...
Maybe the serious fraud office needs to get involved before the brokers who have been complicit to these fraudulent practices are allowed to get away with things. This goes far beyond mis-selling and to the heart of the misery that thousands (if not millions) of people are currently facing. Yes, the idiots who went along with the lies are partly responsible, but the brokers are the ones who are meant provide honest advice. They cannot be allowed to get away with this.
Faced with a government that has shown no compunction or remorse in telling lie after lie after lie, you can see why parts of society believe it is now the norm and quite acceptable to do so. But as with attempts to clean up the BBC also beset with a culture of dishonesty, it is time to clean up the financial industry in the UK.
4. dohousescrashinthewoods said...
When the BBC start talking about it itmeans the government want it communicated to the people.
We will now see HPC.