Financial Ombudsman Service and the Protection of Capitalism

The greedy banks would rather pay the FOS £800 than re-imburse the individual client concerned, but even when the FOS is investigating individual complaints, their procedure is actually seeking to absolve the bank from any guilt through various legal sophistries. Obvious illegal behaviour or acts of blatant discrimination are explained away through ‘lack of evidence’, or as ‘matters outside the remit of the FOS’, etc. In reality, the bourgeois FOS is acting in consort with the banking system. The purpose of this cooperation is to limit the extent to which the UK (and international) financial sector is inconvenienced (or damaged) by the legislation finding the banks guilty of fraud.