Saturday, September 22, 2007

Bank Guarantees and the Dangerous Dogs Act

Call me a pessimist, but I can foresee the current plans for guaranteeing investors money up to £100k to be about as well planned and executed as the Dangerous Dogs Act.
Why do I expect this? The first reason is that the legislation - well probably executive decision - will be rushed through without proper consideration, scrutiny or debate. The other reason is that the current business ethics are so low that their will be a number of people who look to exploit it.
Time will tell...

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