I'd say the IFSRA has ' something ' to do with this
Note the following .
a) [broken link removed] regulates the banks. When the fall in house prices becomes severe in the mid-late spring of 2007 then the IFSRA will be very busy .
b) The IFSRA have a [broken link removed], chaired by the bloke who owns AAM .
c) As he accepted the chair of their consumer panel he now has a
Fiduciary Duty to the IFSRA so
if he ever finds out they are concerned about property drops he must act accordingly as long as he is in the chair . Once he gets the slightest little hint of concern from within the IFSRA his fiduciary duty kicks in.
Quote:
A fiduciary duty is the highest standard of care imposed at either equity or law. A fiduciary is expected to be extremely loyal to the person they owe the duty (the "principal"): they must not put their personal interests before the duty , and must not profit from their position as a fiduciary, unless the principal consents.
The fiduciary relationship is highlighted by good faith, loyalty and trust,
Its a hard one . If you expect open and free discussion on AAM about any matter of genuine concern to the IFSRA....such as the solvency of the banking system if the property market tanks....
then you are simply looking in the wrong place in my opinion .