Hindsight is a wonderful thing and if, and that is a very big if, it was any fault of the advisers, what have the FSA on their fat cat salaries and bonuses being doing since mortgage regulation? In addition, what were lenders’ underwriters doing? Perhaps Coogan could answer that one when he returns from another planet but he must be careful not to blame his lender pals.
The way forward is to stop the people who do not have a clue in what they are doing with their constant meddling to rules/policies and changes in order to justify their pseudo jobs. In the words of Basil Fawlty, “You know nothing.”