FSA Helpless To Halt Runaway Lending, Say Execs

The heads of the U.K. Financial Services Authority said the agency was helpless in stopping excessive mortgage lending.

  • 26 Feb 2009
The heads of the U.K. Financial Services Authority said the agency was helpless in stopping excessive mortgage lending. Hector Sants, the FSA’s ceo, and Adair Turner, its chairman, said it would have been politically difficult to put a stop on runaway lending as the move would have been ...

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