Cameron Farley, FSA & Grant Thornton

wantanswers

If it comes to court I hope you manage to put together a better legal case than that!

Well of course we will if it goes to court.

But first of all you need to COMPLAIN!!!!!! Otherwise nothing happens, like I said GORDON would be £500 better off If people, YOU and ME, had not voiced our CONCERNS.

RayWolfe

If I voted for GB, it would be my fault.
If I put my money into CF, it would be my fault.

I did neither. Why do you want me to pay for your investment decision?
Would you have paid me if your gamble had come off?

Thought not.

wantanswers

RayWolfe wrote: »

If I voted for GB, it would be my fault.
If I put my money into CF, it would be my fault.

I did neither. Why do you want me to pay for your investment decision?
Would you have paid me if your gamble had come off?

Thought not.

Not asking you to payback MY money just want back the £10 million the FSA irresponsibly let go.

wantanswers

28 July 2008 Investigation Starts.
(But really it started long before that April 2007 I believe)
More people invest £millions.
2 September 2008 Freezing Order Actioned, FSA & Courts take control of the Company.
23 September (alledgedly) £10 million lost.

I stand by my decision to gamble as you say my money just like Northern Rock but what I don’t stand by is Bureaucrats who think they are above the law and act recklessly on my behalf.

wantanswers

I refer to this link.

Amusing about the expenses part i've recently heard of about 650 people with supposed integrity doing something similar and that includes Gordo. But that's justified is'nt it cos we just like to throw OUR money at them for their nice little lifestyles don't we.

Raywolfe Your not one of the 650 bychance?

http://www.citywire.co.uk/Adviser/-/news/adviser-news/content.aspx?ID=371768&Page=1

Regards.

dunstonh

Not asking you to payback MY money just want back the £10 million the FSA irresponsibly let go.

Correct. You are not asking Ray to pay the money back. You are asking me and other like me to pay it back though. So, Ray's question stands. Why should I and other regulated individuals pay for your decision to use an unregulated investment?

I stand by my decision to gamble as you say my money just like Northern Rock but what I don’t stand by is Bureaucrats who think they are above the law and act recklessly on my behalf.

The FSA is not above the law (although many of us would argue that they push it at times!). However, it wasnt the FSA acting unlawfully. It was the company you invested with. You cant let companies act outside of the law because some people dont mind if they do. The FSA had no choice but to act.

RayWolfe

dunstonh wrote: »

Correct. You are not asking Ray to pay the money back. You are asking me and other like me to pay it back though.

Ah, but he is asking me.
Increased costs for you WILL be passed to me eventually in higher charges OR you go bust and I have to keep you in benefits!
........ although, I'd have no problem doing that for you if you fell on hard times ... I'll start a whip round now ...

wantanswers

Quote
However, it wasnt the FSA acting unlawfully.

Ah, but were they negligent or for that matter act in bad faith?

I am not qualified to answer that question but other people are.

wantanswers

I invested in the FOREX market which I was told required no regulation however being ignorant of the Regulation System in the UK that was probably my mistake. However it does appear to be a very worthwhile market to the Banking System but not so the man in the street or is it a case under no circumstances will it be because it might buck the trend. LOL. although I am desperate.


Barclays Capital and Royal Bank of Scotland have emerged as big winners in the influential annual poll of the foreign exchange (forex) industry conducted by Euromoney.
Barclays Capital came third for the second year running, raising its market share from 9.12 per cent to 10.45 per cent, while RBS overtook Citigroup, the huge American bank, to take fourth place in the league table.
The results are significant because they come at a time when forex is becoming increasingly important as banks seek to rebuild profits after the credit blow-out.

Zar Amrolia, global head of forex at Deutsche Bank, said: “We've invested in our forex business consistently over many years and have been able to maintain our leading position as a result. It is a core banking activity that clients genuinely need. Forex is short-dated and highly liquid with a great return on economic capital and minimal balance sheet consumption.”

Rollinghome

wantanswers wrote: »

Ah, but were they negligent or for that matter act in bad faith?

To accuse the FSA of "bad faith", i.e. of intentional dishonesty, seems to be pure fantasy without the slightest evidence for such an accusation.

wantanswers wrote: »

what I don’t stand by is Bureaucrats who think they are above the law and act recklessly on my behalf.

You clearly need no one to "act recklessly on my behalf" when you've already shown yourself to be rather good at recklessness. Sorry, you took the risk and it didn't pay off but with these daft unsubstantiated accustions sympathy is evaporating fast. Seriously, we all have to learn to take responsibility for our own mistakes because there can't always be someone else around to blame or kiss it better.


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