A reminder of what the FSA knew and when

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Here is a post of mine from June 2008

http://thecrownblogspot.blogspot.com/2008/06/fsa-warns-of-lending-too-much-in-march.html

To summarise

The FSA knew that lenders were lending historically more than was maybe suitable in March 2000

The FSA suggested that when they become regulator for mortgages, they would be stricter controls. In fact the whole thing fell apart.