She ruined Equitable Life and it’s policy holders…..they still have nightmares……
You wish you had someone half as talented in you're party, Braverman ran ?
She ruined Equitable Life and it’s policy holders…..they still have nightmares……
"While Cooper accepted some of the criticisms, she rejected the ombudsman's recommendation that the government offer compensation to all Equitable members, saying the taxpayer could not be responsible for bailing out all investors with poorly regulated firms. "It would have serious repercussions for the taxpayer, for the relationship between governments and financial markets, and for the nature of regulation, were the taxpayer to provide a remedy for all losses every time the regulator fails to prevent a financial institution getting into trouble," she said."That was her just trying to share the blame. The decision to support or not was hers and hers alone and she blew it and left people hanging out to dry… a disgraceful episode that she has tried to eliminate from history….
I'm not on the ball quite enough right this second but how does this stack up vs Rover pensions, the BHS fiasco, the bank bailout in 2008, covid fraud, and the recent necessity for the BoE to step up and guarantee pension markets because of voodoo economics enforced by the town drunk."While Cooper accepted some of the criticisms, she rejected the ombudsman's recommendation that the government offer compensation to all Equitable members, saying the taxpayer could not be responsible for bailing out all investors with poorly regulated firms. "It would have serious repercussions for the taxpayer, for the relationship between governments and financial markets, and for the nature of regulation, were the taxpayer to provide a remedy for all losses every time the regulator fails to prevent a financial institution getting into trouble," she said."
How is this YC's fault @peteblue ? Reads like a reasonable government decision to me. Who should have paid in your book?
People, we’re not understanding. This affected Pete personally."While Cooper accepted some of the criticisms, she rejected the ombudsman's recommendation that the government offer compensation to all Equitable members, saying the taxpayer could not be responsible for bailing out all investors with poorly regulated firms. "It would have serious repercussions for the taxpayer, for the relationship between governments and financial markets, and for the nature of regulation, were the taxpayer to provide a remedy for all losses every time the regulator fails to prevent a financial institution getting into trouble," she said."
How is this YC's fault @peteblue ? Reads like a reasonable government decision to me. Who should have paid in your book?
"I'm alright Jack, and I'll cut legions of throats to maintain that!"People, we’re not understanding. This affected Pete personally.
Me, me, me - the Tory voter personified
I'm not on the ball quite enough right this second but how does this stack up vs Rover pensions, the BHS fiasco, the bank bailout in 2008, covid fraud, and the recent necessity for the BoE to step up and guarantee pension markets because of voodoo economics enforced by the town drunk.
The tax payer has been a 'magic money tree' for quite some time and still nothing is resolved, yet 'fixing the roof while the sun is shining' is a figment of my imagination.
2.6 Trillion sterling. It's all Sturgeon needs to say....
Sorry to hear that mate, it's a fear you shouldn't have to live with. Saddens me that tory voters will not even consider such things, they will only look to themselves.You wish you had someone half as talented in you're party, Braverman ran ?away or should I said slithered... btw I was in Equitable life as well in the 80s was it. Just a little example of the Truss curse, I have a small pension 20 odd thousand in it it's lost 3 and a half thousand in 2 years and that's with a financial advisor. The next year or so is going to be worse over 10% inflation the Companies it's invested in like most Companies, thanks to the Tories aren't doing " very well" so I'm fearing the worst, every pension holder is Pete and that's today, not 40 odd years ago.
She ruined Equitable Life and it’s policy holders…..they still have nightmares……
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