FCA statement is so insensitive14 May 2021 08:30
"The FCA has said the scheme will see compensation “significantly reduced” while other stakeholders such as shareholders “are not being asked to contribute their fair share”
How about the share holders who invested at £3 ... don't the FCA even realise they have also seen any compensation “significantly reduced”.
The value of £3000 of someone's pension placed into Amigo is now worth just £240!!! 92% decrease!
Not every shareholder is a trust fund banker billionaire. People who have worked hard, saved hard put off holidays like me and trying to do the right thing and save for a better future. What about us? We have been whiped out. Ok some have made money on the come back from a very risky gamble recently like Vinson.
The thing is, why are the FCA trying to punish so many who have lost hard earned money which has made us struggle through covid and thought ok no point selling now. So what Vinson and co had "balls of steal", that is what the country needs more of. Vinson and recent PIs have risked everything. People risking to support businesses from collapse.
Creditors supporting the business.
FCA... think about the impact you are having on hard working individuals trying to make our families lives better!
Woke gone mad. It makes me sad and ashamed at times to call myself British to see such shameful actions by what should be "champions for justice" acting this way.
I feel like selling out my shares and leaving lenders to debate with the FCA why they got their kneecaps broken by a loan shark.
49.9% may feel high but Lloyds also charge me 40%. Credit cards are 30% and higher. Amigo creditors have spoken, Amigo shareholders have been brought to our knees.
Big banks were supported by tax payers for a decade now, Amigo has been supported by tax payers like me .. at what point do I finally get something back for all this work I am doing and giving away?
Starting to think jobless, borrowing is more profitable than working and saving and trying.
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