RBS Fined £390M

[BOUDICCA]

http://www.bbc.co.uk/news/business-21348719

[Dragonlady]

I keep think back to the days when we used to discuss the LIBOR and wondering if they did rig the rates and why wasn't it passed on to the consumer to benefit from these deals. It looks like those discussions some six years ago were not too wode of the mark. If we could see whay couldn't the regulators et al?

[BOUDICCA]

Because, back then the so called Regulators were in the Bank's pockets...little brown envelopes.

Pigs with their snouts in the troughs!

[Dragonlady]

Wait until the Securitisation and the Capitalisation fiasco's come to the fore and see what happens then. So many homes repossessed when the OC does not have the right to repossess because they have sold the loans on as complete assignments. Even when the evidence is obtained and proven; then we have the the issue of Capitalisation of Arrears and the CCA coming into force, yet this is still weasel worded in court and the Judges are prepared to let it happend and deny the CCA comes into force to protect the Consumer.

Our work is not finished. It has to be a level playing field and the bear traps being used exposed. If this does not happen, then we might not as well have the CCA. For too long the little man has been exposed to the injustices of the way 'the darl side 'work the system, dodging the regulations and twisting things for their own benefit and the Judges not listening to all the arguments and evidence provided.