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!
Wednesday, 25 November 2009
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