Thegiconsultant’s Weblog

Blog of The GI Consultant – serving the Financial Services Industry

Question: what have the FSA got…

…that the police have not?

Before I answer that,  I have to say that I think that if allowed to, a great many people in financial services and insurance would definately like to remonstrate with the FSA over myriad items from rules to fees; but they don’t. They hardly make a muffle. On the other hand, people without anything in particular to protest about have been rioting in what seems to be a very carefree manner. So why is no-one scared of the police, seemingly, and yet a whole industry is petrified of the FSA and dare not even TALK to them never mind PROTEST?

Answer: the FSA have abolsute power [in their field] with NO ACCOUNTABILITY. [As admitted when they were questioned by the TSC].

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