Monday, February 1, 2010

Warning of new housing crash because FSA's reform plan is too weak - Times Online

Warning of new housing crash because FSA's reform plan is too weak - Times Online: "The paper says: 'Far from proposing fundamental regulatory reform, the FSA's package of proposals offers a modest change to the status quo.' At worst, the FSA is guilty of 'fig leaf' regulation, it says."

I have been in the mortgage market since 1985, in my opinion it is impossible to regulate every aspect of lending or house price volatility. If Mr David Steven can offer solutions to all the problems he perceives then I would accept his very scary predictions.

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