Friday, September 18, 2009

Who is to blame for investors’ structured product losses? | Personal Investor | Citywire

Who is to blame for investors’ structured product losses? | Personal Investor | Citywire: "Meanwhile, as the FSA digs further into the detail of whom to blame, it has, thankfully, given the Financial Ombudsman Service the go-ahead to start investigating individual complaints."

Passing the buck once again, a vote winner? Not enough votes will be won to provide anyone with a better chance of winning the election. In fact there are enough people in the financial services sector to swing a vote either way, in the meantime they are, once again, simply the whipping boys and IFAs will be expected to pay for regulatory ineptitude.

The time will come when this shambles is seen by politicians for what it is, we give it 12 months.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.