Fsa, What Will They Find

[apom]

I first contacted the FSA two yeas ago regarding the fraudulent mortgages.

They replied that non verified mortgages made up 1% of the market..

it was 1/3rd.. 33.333%

So they lied..

Bless them.

http://today.reuters.co.uk/investing/finan...-02_L06720767:1

The FSA is also conducting a review of small mortgage firms' activities in the self-certified market, where borrowers certify their own incomes, and will publish its findings this autumn.

That could stop the fraud.

It won't.. if the government wanted to stop the fraud they would have by now.

the people are stopping the fraud.

I could not imagine the FSA hitting the news with the published figures.. saying.. "Look.. the whole market has been a huge amount of fraud for years.. When considered together the money involved makes this the biggest criminal act ever

[aclwalker]

I first contacted the FSA two yeas ago regarding the fraudulent mortgages.

They replied that non verified mortgages made up 1% of the market..

it was 1/3rd.. 33.333%

So they lied..

Bless them.

http://today.reuters.co.uk/investing/finan...-02_L06720767:1

The FSA is also conducting a review of small mortgage firms' activities in the self-certified market, where borrowers certify their own incomes, and will publish its findings this autumn.

That could stop the fraud.

It won't.. if the government wanted to stop the fraud they would have by now.

the people are stopping the fraud.

I could not imagine the FSA hitting the news with the published figures.. saying.. "Look.. the whole market has been a huge amount of fraud for years.. When considered together the money involved makes this the biggest criminal act ever

<{POST_SNAPBACK}>

Is it just me or does anyone else think that the FSA are just useless and just come up with continual nonsense to inconvenience financial institutions and their clients and customers, like 'know your customer', rather than actually detect and prevent fraud, misselling or anything else that most people would actually like stopped?

Discuss.

[VacantPossession]

Is it just me or does anyone else think that the FSA are just useless and just come up with continual nonsense to inconvenience financial institutions and their clients and customers, like 'know your customer', rather than actually detect and prevent fraud, misselling or anything else that most people would actually like stopped?

Discuss.

<{POST_SNAPBACK}>

I completely agree: Spineless, toothless and undermanned organisation which has utterly failed the consumer, along with ICSTIS, and many other "regulators" who hardly ever regulate and almost all of whom have a back log of thousands of consumers waiting to even get a reply.

VP

[gone west]

But remember, these "gentlemen" are on the public payroll and have to meet just about everyday for.... LUNCH.

Now, when I speak of lunch, in the City sense, I am not talking about a Marky's sandwich eaten on a bench. I am talking about 2 or 3 bottles of claret, some incredibly rich food served by fawning waiters all rounded out with pudding and port. Now that's LUNCH. All this cost a bomb (on expense, of course) and you cannot expect them to do any real work afterwards, now can you? This coupled with the fact that a gentleman never arrives at work before 10:00AM and you see how little it takes to pack one's schedule. Now run along and let them do their ... erm ... jobs.

[Jason]

AMSTERDAM, Sept 6 (Reuters) - Britain's financial

What's this Amsterdam about? Is it a news agency in Amsterdam reporting on the UK FSA?

Why are no british websites/papers reporting this? (Not that I have looked very hard)