31 December 2015

Selective inattention ………...


Oliver Letwin's comments from 1985 are interesting when placed alongside the Financial Conduct Authority's recent announcement. Back in 1985, Oliver was commenting on the behaviour and attitudes of a community of 'have nots' and today he seems to accept that his comments were inappropriate and misplaced. I wonder what would happen if he tested the attitudes and behaviour of that community of 'haves' whose conduct is unlikely to be examined in any depth by the FCA.