Despite breaching every rule in the MCOB book.
Despite wilfully doing so, to huge consumer detriment, and flagrant disregard for principle six…
Despite all the anguished (but utterly ineffective) howls of protest and Despite the devastation being wreaked on good decent FAMILIES by the spawn of Lehmans across the country…
Despite all the other regulatory breaches and DESPITE (not least) the failure to comply with company law it seems that CAPSTONE ACENDEN, the filth to end all other filth, Walk between the raindrops.
THIS MATTER IS NOW SO PRESSING THAT THE FSA MUST TAKE ACTION. It is abundantly clear that the regular is one of the following:
(a) ignorant of these matters (that simply doesn’t hold up),
(b) incompetent (not true – even though it might appear thus) or,
(c) is complicit in burying all this in a great big deep hole because they’ve been leant on by HMRC, The Treasury and PwC
I know which one I’d go for. No wonder so may people are furious at the filth Capstone and Acenden. They should be even more furious with the FSA and their sidekicks in the OFT who jointly regulate this catastrophic dereliction of duty.
How many more families are going to have to pay the price for the abject failure of the FSA and the OFT?