'FSA never wanted to ban interest-only' | News | Money Marketing
Sheila, it should be a matter for the lender and the borrower to decide what terms are suitable, it would be really wonderful if the regulator was independent and took little notice of what HM Treasury hands down to them for implementation after the banks fall down a hole.
The problem was wholesale funding, a wall of money looking for a home, if this had been stemmed early on by the regulators the mess we see before us now might not have been so immense.
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