Bollocks to the FSA say I

Prudential email leak mocks \’horrendous\’ FSA policies
Prudential is facing serious questions over its attitude towards the Financial Services Authority after a leaked email from one of the insurance company\’s senior executives described the regulator\’s policy plans as \”ludicrous\” and \”horrendous\”.

Look, it\’s bad enough having sanctimonious little prigs as regulators but there\’s not requirement in law that one has to admire or like them.

One does have to obey them, yes, but you can do that while still calling them the ludicrous and horrendous cunts that they are.

You know, like politicians.

3 comments on “Bollocks to the FSA say I

  1. It’s part of the general amnesia of many public bodies: they always forget that we employ them, we pay them, and they work for us. Regulators are probably the worst, because it’s easy for them to add work for other people to do (more forms, more rules), without having to do any of it themselves.

  2. That’s one of the politest summaries of the FSA’s actions, motivations and beliefs I’ve seen. There’s more cutting and downright rude language used weekly in trade newspapers and magazines..

    The FSA has no clue what the effect of RDR will be on the man in the street because they’re based in London, are paid small fortunes, and never ever meet anyone who isn’t likewise in London, and paid a fortune. FSA regulators seem to think every individual’s needs are the same as their well-paid individual needs.

    I entirely agree with those who say that insurance and pensions companies aren’t perfect, and that they happily charge substantial fees for not-very-much. But compared with the FSA, they’re saints (no, not Sants, saints).

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