Bank Decision

From the press summary:
Regulation 6(2)(b) states that the assessment of the fairness of a term in a contract “shall not relate . . .
to the adequacy of the price or remuneration, as against the goods or services supplied in exchange”.
In other words, the “value for money” equation is excluded.
So this was an utter crock from the start. This was stated in the act 1999, so how could a bunch of idiot lawyers manage to spin this one out?
OFT frankly need their flabby backsides kicked, this could not stand a moment's scrutiny, so quite why the banks bothered to refund half a billion is a mystery- I guess it kind of softened their vile image as they knew they would forever be in debt to us the British taxpayer.
We cannot beat the banksters- so it's time to start a new kind of bank, like the mutuals, but without smug gits running them.
What will people say in 10 years about this time? How Dubya and Bliar sold us out, how Mandleson become ruler of all he surveyed. How people overpaid themselves, from doctors to train drivers, public sector gorged on fat salaries and pensions, not stopping to question, am I really worth it?
That's it for now. Best wishes to my reader!

No Word since August

I had been intending to keep up with my entries knowing that a select few were reading this, but I came to the point of losing the plot with my trading. Since March of this year nothing I have done has come right-the facile view that the markets simply go up all the time seems to be the correct view, and perhaps I try and over complicate things.
Indicators and chart patterns however seem to have failed the great and the good and this bizarre market action just serves to make me even more suspicious. Logic and the markets however are not bedfellows, and I recall a few lengthy periods when markets refused to pull back.
The end of October gave a small respite but I was already in a market neutral position, that could have done a lot better had I not been so fearful.
Somehow being unable to 'see' trades is more frustrating than sitting on a loser( or short calls as they are known)
I have failed to get the break I needed, so still lacking in application.
On the plus side looking at longer term forex trades is promising, and an intra day futures method had until last week been performing amazingly well.
When and if I have something meaningful to say I will post it here- meanwhile the anarchist in me has put in a Freedom of Information Act request to discover RBS's debt positions, and why some of them may have been 'written off'
They have until 10th Dec to comply.