FSA's arrogance in wanting to regulate products is amazing
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I see the FSA is to move towards product regulation (Mortgage Strategy Online). The arrogance of our discredited regulator is amazing.
What does it know about lending or products, and when will it accept that consumers must take responsibility for their actions?
Would you take your car to a civil servant to get it fixed? Of course not. The FSA is the same - just a bunch of civil servants playing at understanding the world of risk and lending, and failing badly.
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