Tuesday, 15 June 2010

Financial Services Authority

I've just had one of those letters from the UK Financial Services Authority warning me that I may be targeted by Boiler Room Fraudsters. What a laugh! I've been having calls from Boiler Rooms once every couple of weeks for the past four years. They usually mention my shareholding in Pilkington Glass that I had briefly a few years ago. The calls are obvious and a source of entertainment for me. I love extending the fraudster's phone bills and where possible try to get them to post me big heavy glossy brochures, it must cost them a fortune.

Sadly though the Financial Services Authority failed to do their job in spotting the biggest fraudsters of all, namely the Bankers. I lost far more of my savings (and interest payments) as a direct consequence of the FSA being asleep at the helm when the bankers were driving their own ship onto the rocks. The boiler rooms are small fry compared to the bankers.


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