Mmm interesting. So the FSA feels that individuals who for whatever reasons are in financial difficulty should be bailed out by me - banks do not absorb costs they pass them on to customers in as secret a way as possible. I take it it is considered bad form to mention the huge percentage increase in their homes during the fixed period? Yes I thought so, so I won't mention it. Oh also if they were 'in the money' I take it the FSA would recommened a levy on fixed borrowers? What's that it only goes one way? No reverse.
AND WHAT IS ALLEGEDLY behind it. Politics at the highest level like the PM to save his tarnished reputation; a word here - FSA. A word there - Bank of England. Not a word to poor old Alistair, the PM's pa at the Treasury.
It gives me the vespas Mr Nic!