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Post by buryfc on Jun 20, 2020 4:23:15 GMT
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Post by buryfc on Jun 20, 2020 4:25:51 GMT
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rocky1
Member of DD Central
Posts: 1,139 
Likes: 1,963
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Post by rocky1 on Jun 20, 2020 7:54:45 GMT
buryfc. didnt one of our biggest borrowers mr SD who had a special relationship with LB/lendy almost bring the football club to the brink with all his dodgy dealings.i hope the administrators are looking into where millions of our money went between these dealings because it certainly never went on the projects
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neeps
Posts: 81
Likes: 120
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Post by neeps on Jun 20, 2020 10:38:22 GMT
Surely this will add more traction to LAGs court action.
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Post by p2plender on Jun 25, 2020 12:08:20 GMT
Let's hope it is jail time then.
FCA need hanging out to dry but alas, untouchable. Not worth the wages.
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taffy
Posts: 148
Likes: 360
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Post by taffy on Jun 26, 2020 10:07:58 GMT
Crooks? Good heavens, who would have believed it, I`m absolutely amazed at such a suggestion. Looking up the prison visiting hours as I write
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Post by default on Jun 26, 2020 14:02:01 GMT
FCA need hanging out to dry but alas, untouchable. The FCA authorised Lendy knowing full well that significant compensation was owed to lenders for mis-selling. This was misleading. Untouchable, they are not. This is just defeatist.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Jun 26, 2020 16:25:51 GMT
FCA need hanging out to dry but alas, untouchable. The FCA authorised Lendy knowing full well that significant compensation was owed to lenders for mis-selling. This was misleading. Untouchable, they are not. This is just defeatist. Ok, what do you suggest then?
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jane
Posts: 145
Likes: 214
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Post by jane on Jun 26, 2020 16:33:28 GMT
Why do i get the feeling that this is just going to soak up millions more in administrators fees with no positive outcome for us at the end of it?
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Post by default on Jun 26, 2020 17:35:43 GMT
The FCA authorised Lendy knowing full well that significant compensation was owed to lenders for mis-selling. This was misleading. Untouchable, they are not. This is just defeatist. Ok, what do you suggest then? I want a public inquiry into the FCA handling of Lendy. After that, a crowdfunded lawsuit ought to be appropriate. I imagine that the anger that people feel over this could well provide for such legal action. Nothing the FCA has said to date hangs together well. They pretend their authorisation of Lendy was for some sort of greater good and ignore the harm it actually caused many investors.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Jun 26, 2020 17:58:54 GMT
Ok, what do you suggest then? I want a public inquiry into the FCA handling of Lendy. After that, a crowdfunded lawsuit ought to be appropriate. I imagine that the anger that people feel over this could well provide for such legal action. Nothing the FCA has said to date hangs together well. They pretend their authorisation of Lendy was for some sort of greater good and ignore the harm it actually caused many investors. Neither realistic unfortunately. Public enquiries have not been held into far larger financial collapses with regulatory failings so would need a huge attitude change and even then Lendy & P2P likely to be at back of queue. FCA have statutory immunity from legal action excepted in very narrow circumstances
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Post by default on Jun 26, 2020 18:04:56 GMT
I want a public inquiry into the FCA handling of Lendy. After that, a crowdfunded lawsuit ought to be appropriate. I imagine that the anger that people feel over this could well provide for such legal action. Nothing the FCA has said to date hangs together well. They pretend their authorisation of Lendy was for some sort of greater good and ignore the harm it actually caused many investors. Neither realistic unfortunately. Public enquiries have not been held into far larger financial collapses with regulatory failings so would need a huge attitude change and even then Lendy & P2P likely to be at back of queue. FCA have statutory immunity from legal action excepted in very narrow circumstances The FCA authorised Lendy when it was effectively bankrupt, as it never did pay back all the lenders it mis-sold to. I think common law might have something to say about that.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Jun 26, 2020 18:29:29 GMT
Neither realistic unfortunately. Public enquiries have not been held into far larger financial collapses with regulatory failings so would need a huge attitude change and even then Lendy & P2P likely to be at back of queue. FCA have statutory immunity from legal action excepted in very narrow circumstances The FCA authorised Lendy when it was effectively bankrupt, as it never did pay back all the lenders it mis-sold to. I think common law might have something to say about that. There is no common law. There is no interpretation of law to be made … the FCA has immunity so you cant take them to court to create precedent and common law. AIUI judicial review wouldn't be an option either.
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Post by banffy on Jun 27, 2020 9:28:23 GMT
Start a MASSIVE protest ouside the FCA office with all the media there see if that get's attension
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
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Post by jonno on Jun 27, 2020 9:49:28 GMT
Start a MASSIVE protest ouside the FCA office with all the media there see if that get's attension
I know!!! Let's all pile inside and sh*t in their offices.................................Oh yes I forgot, nobody would notice 
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