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They spend a fortune

on the financial equivalent of John Major's 'Cones Hotline', pay a great wedge to its boss, hire a load of staff, ire a load of staff, and we pay for it. You could not make it up. Financial services are now regulated by a new Bourbon monarchy and it's high time we set up a very sharp and heavy guillotine.

Posted by: Neil F Liversidge

14 Dec 2011 | 14:49
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Laughable!

When MAS advertised recently for non exec directors they specified banking experience at a high level was desireable. They did not specify a clean record in banking.

Posted by: Green Eyed Monster

14 Dec 2011 | 15:11
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Just in time for Xmas.

Cancel Aladdin, Stop Cinderella; if you want a real pantomime what not book MAS?

Posted by: Harry Katz

14 Dec 2011 | 15:50
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This is what happens when no one is accountable

The whole issue of what these people are paid in the regulatory industry is just an absolute scandal, but as no one is accoutable or indeed can be held responsible they naturally abuse the system. How you can change it one can only guess as this Government and Mr Hoban seem to defend these extortionate salaries and hirings.

Posted by: Michael Fallas

14 Dec 2011 | 18:28
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MAS non-exec presided over £300m Lloyds mis-selling scandal

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