ozboy
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Post by ozboy on May 9, 2021 18:48:14 GMT
The Usual & Predictable OzBoy Rant ............................... The REALLY worrying thing is that the FCA don't give a toss, they evade any and all criticism, they've never done anything wrong, whilst they have been instrumental and directly responsible for, in many cases, people losing many, many £ Millions of very hard earned money. The FCA's aloofness, arrogance and gross incompetence is breathtaking. Still, you setup an Organisation with zero accountability, 100% teflon coated, what do you expect I suppose. Only Government could come up with that one. Consumer Protection my arse.  |
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ozboy
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Post by ozboy on May 2, 2021 23:17:49 GMT
You are all helping yourselves immensely.Please, if you know of any COLL Lenders who are unaware of this initiative, DO ask them to contact duck and keep him fed.  There is NO way that the FCA can walk away from and bury COLL, it is by far the worst of their many gross incompetencies. |
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ozboy
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Post by ozboy on May 2, 2021 17:58:03 GMT
For me, it was the first Wind Turbine, and/or The Jock Boatyard, can't remember which "manifested" first, but whichever came first it made me stop and think out loud to myself, "Hang on, this isn't right?", and the second was enoughto convince me to immediately start pulling out.
Unfortunately for me/us, by then (years ago) FS Zombie Loans was already establishing as a virtual Sister Company.
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ozboy
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Post by ozboy on May 1, 2021 20:17:02 GMT
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ozboy
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Post by ozboy on Apr 30, 2021 13:52:25 GMT
Umm, I don't think that word means what you think it does... www.dictionary.com/browse/fascist"a person who ... has extreme right-wing views."The extreme left are communist, not fascist. Amongst other human rights. In fact, it's the protection of human rights for those who disagree with the establishment which is one of the very defining factors of both ends of the political extremes. Thank goodness we don't have any politicians who want to repeal the human rights legislation that's been in place in this country since the 50s. Oh, hold on. Yes, the two extremes of the political spectrum often meet round the back. There's various broad-brush political areas where it's been quite visible in this country in recent times... Mmm; I strongly suspect, and would respectfully suggest that ozboy knew exactly what he meant when he was writing his post! The nuanced use of Quotation Marks is not always obvious to everyone. 
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ozboy
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Post by ozboy on Apr 29, 2021 22:53:52 GMT
Forgive me if I am wrong but I thought even (especially) died in the wool Tories valued probity in government? If you mean me that has not applied since election night in 1979 when our then MP Jock Bruce Gardyne called into our house to have a drink to celebrate the exit polls. However every labour government has been useless so I don't support any party. I do however think left wingers are pretty unpleasant individuals and not to be trusted either.Gotta agree, serious Lefties are FAR more dangerous and "fascist" than Right Wingers. Freedom of Speech would be the first thing out the window. In fact, the Extreme Left Wing are so Right Wing they don't even know it! 🤣
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ozboy
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Post by ozboy on Apr 29, 2021 13:56:25 GMT
The champagne will indeed flow freely when certain persons go to jail, for we are going to get Football Association ££££s back.
I mean, surely porridge is a forgone conclusion?
The arrogant blatancy and cold hard evidence is strewn everywhere.
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ozboy
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Post by ozboy on Apr 27, 2021 23:03:20 GMT
If you are talking Brexit there is zero chance anyone (at least on here) will change their position or even acknowledge any right for anyone having a different opinion, the people with different opinions are of course deluded/stupid/mislead etc. Occupying the middle ground is also obviously deluded/stupid/mislead etc.
Opinions are what caused Brexit in the first place.
It is the opinions of the UKIP and ERG which mislead the public with their deluded and stupid claims.
Trouble is, once you look at the hard facts, Brexit was the stupidest thing to do in the UK's entire history.
Which is why the pro-Brexit brigade continue to slag off the EU at any opportunity with lies. Because when you ask them what was so good about Brexit, they still can't give you a straight answer and so just resort to EU bashing.
In the case of post-Brexit customs for example, the pro-Brexit brigade spin all sorts of bull excrement lies. When the fact of the matter is that the customs rules the UK is subject to post-Brexit are the very customs rules that the UK helped to design, voted for and benefited from when the UK was a member state.
That's why opinions count for nothing.
Speaking of " deluded and stupid claims", do I recall The Government spending vast sums on convincing us that leaving would cost every UK family £500 a year or somesuch? And as Voting Day swiftly approached this figure magically inflated as The Government increasingly panicked, until they were stating that leaving would cost every family £5,000 a year or somesuch? Both sides lied through their teeth, but only The Brexits get picked on for it?
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 27, 2021 22:52:55 GMT
You have to wonder if the FCA has any inkling whatsoever that its Brand has been rendered less than worthless?
I doubt it somehow, arrogance knows no bounds.
Look at The Arch Arrogant, Bailey.
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ozboy
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Post by ozboy on Apr 27, 2021 16:26:00 GMT
Congratulations, but "FCA Approval" means Jack Schitt.
Smart Investors will actually now Due Dilligence you even more as you bask in "The Halo Effect"..
Still, you are to be congratulated with persevering and surviving what I am sure were many petty, pedantic, unnecessary and useless process requirements that they foisted on you.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 17, 2021 13:33:03 GMT
So I sliced off some profits from the rocket / rollercoaster that is the USA market yesterday; where to invest now to provide some stability / less downside volatility ?
(I've already got a core portfolio of World All-Cap and Satellite portfolio of climate change and healthcare thematics plus a precious metals basket.)
So what's going to be hot for 2021-22 and what's going to turn cold ?
I'll gaze heavily into my Crystal Balls dead-money and get back to yer. 
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ozboy
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Post by ozboy on Apr 14, 2021 17:00:18 GMT
these rates are very low for high risk PDLs and multi tranche with tiers are even more risk after tier 1.loan quality appears to be slipping away in favour of loan origination and growth as with a few other platforms.lend carefully and remember many of these PDLs will NOT pay back on loan end dates and hopefully the RICS valuations come good.good luck. Oh rocky1!!! You have a V naughty sense of humour. 
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ozboy
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Post by ozboy on Apr 12, 2021 20:28:46 GMT
I really don't understand anyone fannying around with P2P anymore. There's a number of Funds that will return at least what you'd get from P2P, and your Capital is relatively a whole lot safer. And you sleep like a baby at night. |
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ozboy
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Post by ozboy on Apr 11, 2021 14:20:04 GMT
I doff my cap to you Deees because I believe you are far more informed than me, no argument............however. "There was nothing stopping lenders from insisting that platforms co-invest in loans by refusing to invest on platforms that didn’t have a suitable skin in the game business model.
Bottom line is that nil or next to nil P2P platforms would have got off the ground had there been such a regulatory requirement and any that did would have struggled to reach any volume let alone breakeven volume."Re the first para, you know very well that's not reality and was never going to happen, so not really a valid point? And the second para and rest would seem to agree with me? If tha FCA had insisted on a "Capital Requirement" for P2P firms to setup, so they could co-invest c5% per Loan, then we probably would have experienced the legitimacy & professionalism you mentioned? As it was/is, ANY idiot and/or crook can easily setup a P2P Platform, and STILL can!We are only discussing, I am not having a go at you, as I'm sure you're aware. Unlike some on here who enjoy a good joust!! |
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ozboy
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Post by ozboy on Apr 10, 2021 18:26:26 GMT
And I believe, that the FCA, in their infinite incompetent wisdom, prevent Platforms from having "skin in the game."? Only Commercial Sector Rejects could dream that one up. Nope, that would be HoP as the FCA rules derive from the legislation.
All sorts of dangers from allowing balance sheet lending so actually very sensible. That said clever platforms have found ways found it by utilising group companies or partners to have skin in the game so there is some alignment of interests with lenders Gotta disagree ilmoro. The FCA could, for instance, require, say, 5% Platform investment per Loan? No end of preventable problems have been directly caused by this singularly stupid restriction. IMHO.
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