26 May 2010

FSA behaves like a traffic warden

The FSA is a enough of a burden for the ordinary saver in this country. More than 4000 bureaucrats are well paid to push around paper and a corresponding army euphemistically called 'compliance officer' has to be fed on the other side of the fence . That those prosecuted face an inquisitorial regime becomes obvious from this case: like the victim of the traffic warden who faces extortionate costs if he does not immediately pay up the FSA's victims face the insult that they have to pay for ludicrously high prosecution 'costs' when the bureaucrats in their secure job (and without any proper accountability) are already paid their safe salaries by the taxpayer/saver. As in all legal cases in this country there are no proper checks on fee gauging as in other countries where the lawyer's fees are set in strict accordance to the amount of the claim.

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