The FSA's flawed argument | Opinion | Money Marketing
From where I sit regulation as we know it looks like what would happen to Teddy if a child found a big box of elastoplast. Rulebooks cobbled together, rules added, deleted or amended at will when they don't work.
More and more rules are no substitute for effective supervision, an ability to spot 'trends' and the will to move quickly. Isn't that what regulation is all about? All we have is a compensation machine picking up the pieces after the houses of cards fall apart. A compensation scheme which encourages consumers to take risks they wouldn't normally consider, it has got so bad, or mad, that the FSCS is now advertising on MTV...
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