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Tuesday, March 10, 2009

BANKERS IN THE CLASSROOM? NOW WHY DIDN'T THE FSA THINK OF THAT?

Bankers as teachers in the classroom? What a good idea.

Now why didn't the FSA think of that to satisfy Section 4 of the Financial Services and Markets Act 2000, Public Awareness, which states

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4 Public awareness

(1) The public awareness objective is: promoting public understanding of the financial system.

(2) It includes, in particular—

(a) promoting awareness of the benefits and risks associated with different kinds of investment or other financial dealing; and

(b) the provision of appropriate information and advice.

(3) “The financial system” has the same meaning as in section 3.
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Why didn't the FSA order bankers into the classroom to tell the children and their mums and dads how The City of London was screwing them for every penny they could squeeze out of them?

This fasttracking of ex-bankers into the classroom although very controversial to the teaching profession will open up a new opportunity for teachers and parents to quiz bankers on their activities, their ethics and morals and practices, and those of their board members, and all in the congenial atmosphere of the staff room.

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