3566 days ago
Over the weekend I described another glaring failure by the FCA/FSA which has cost 325 investors £25 million. I am told by a, normally sensible, fellow in the comments section that the answer is to give the FCA more money and more resource. How 100% wrong can you be?
Not being a bottom-line worrying member of the private sector, but a branch of the State, the FCA/FSA has a pretty dismal track record when it comes to sensible resource allocation as it is. Just do a google search for Christmas parties, payoffs for failure, average wages, etc. and you will see that this body is just as wasteful as other branches of Government. Give it an extra £100 and it will piss away most of it.
The second issue
