We are not to blame for crunch - advisers

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Mortgage advisers hold financial institutions, regulators and the Government responsible for the credit crunch, a survey by Marketing Innovation Forum (MIF) has revealed.

Three in ten blamed 'financial institutions', representing the most popular response from over 280 received. 'Regulators' received a quarter of the vote and 'Government' 23% of the responses. Conversely, just 4% considered the blame lies with advisers and only 6% with the borrowers themselves. The remaining 12% of votes went to 'society/culture' at large. "The response is loud and clear; users of our website lay the blame for the current situation firmly with the politicians, regulators and, primarily, the financial institutions," says Derek McGuire, director of MIF. "We have certainl...

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