Friday, Nov 13, 2009

Pull the other one

The Press Association: FSA 'sees lenders as drug dealers'

Matthew Wyles the Chairman of the Council of Mortgage Lenders today accused the Financial Services Authority (FSA) of viewing mortgage lenders as being like "drug dealers at the school gates" and consumers as "wanton children" who did not know what was good for them. Wyles added that through the proposed reforms to the mortgage market the regulator was attempting to wrap customers in cotton wool and make borrowing risk free.

Posted by enuii @ 04:30 PM (789 views)
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4 Comments

1. will said...

A return to the old ways is what we need. Well done the FSA if you bring in these rules. Let's get back to affordable borrowing.

Friday, November 13, 2009 06:04PM Report Comment
 

2. tenyearstogetmymoneyback said...

Had the FSA come to this view five years ago we wouldn't be in the mess we are in.

Friday, November 13, 2009 06:20PM Report Comment
 

3. Yoss said...

"he said the FSA was at risk of creating “the kind of moral hazard it wishes to avoid”, by making consumers feel they need to take no responsibility for their own decisions."....LOL! To fooking late sunshine!

FSA = Should be "Public Enemy No.1" when the public sector cuts hit! The most useless "QUANGO" in British history.

They were very very quite about banking before the tax payer bailed the "TO BIG TO FAIL" banks out and Who exactly was meant to be watching what those buggers were doing?





Northern Rock/RBS/HBOS..... Where were those very well paid/skilled regulators then?

Friday, November 13, 2009 09:11PM Report Comment
 

4. Ndg said...

Utter nonsense. Mind boggling.

Saturday, November 14, 2009 01:37AM Report Comment
 

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