My piece opposing #WASPI campaign's compensation claim. Imho it is wrong to transfer money indiscriminately from young ppl to the richest generation in history. Instead, we shd improve working-age benefits and increase funding of health and social care. coppolacomment.com/2023/02/waspi-…
I think #WASPI campaign's legal action is likely to fail. But even if it succeeds, the PHSO can't make an award large enough to compensate women for the loss of pensions from 60. And the Govt doesn't have to pay what the PHSO recommends anyway. coppolacomment.com/2023/02/waspi-…
The #WASPI campaign is telling women that if they contribute a few ££ now, they will receive £thousands in compensation. But they won't. No way are they ever going to get that sort of payout. coppolacomment.com/2023/02/waspi-…
Tell women the truth, @WASPI_Campaign. You wrongly led them to expect compensation for loss of their state pensions from 60. And now you have failed to deliver, you are trying to fool them again. coppolacomment.com/2023/02/waspi-…

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More from @Frances_Coppola

Feb 28
Forstater shows she has no comprehension whatsoever of schools' legal responsibility for safeguarding LGBTQ+ students.
Forstater says schools should refuse to affirm students' social transitions. Her reason for recommending this is that this might prevent them proceeding to medical transition. This goes far beyond schools' responsibilities towards their students...
Furthermore, if this interference in a child's personal development caused distress leading to poor educational performance, the school would actually be failing in its statutory responsibilities towards that child.
Read 4 tweets
Feb 26
I hate politics. Give me a nice financial fraud any day. Much less complicated.
and as for lawyers who behave like crypto bros... "yOu dOn'T unDeRStaNd tHe tEcH" and "yoU dOn't UnDErStAnD tHe LaW" are remarkably similar, wouldn't you say?
I've generally found other professions to be less aggressively defensive, though I do recall a certain accountant telling me I couldn't read corporate accounts and didn't know what group consolidation was.
Read 13 tweets
Feb 22
"We believe, in the advisory account context, that the entirety of a client account’s positions, holdings, or
investments should receive the protections of the proposed rule regardless of how they may be
treated for accounting purposes...."
"Moreover, the fiduciary duty extends to the entire relationship between the adviser and client regardless of whether a specific holding in a client account meets
the definition of funds or a security...."
"Consequently, the proposed rule’s definition of assets
would include investments such as all crypto assets, even in the instances where such assets are
neither funds nor securities."

SEC's proposed custody rule would regulate the activity, not the assets.
Read 9 tweets
Feb 20
Would like to point out, especially to readers of @guardian, that a BBC Newsnight journalist's book isn't evidence of clinical malpractice.
Would also like to point out that neither Dr. Cass nor the Care Commission found evidence of clinical malpractice. But both found that staff were seriously overstretched. Both called for increased capacity in transgender care services.
Misrepresenting the findings of Cass and the Care Commission is bad journalism.
Read 9 tweets
Feb 18
I don't care to answer questions about "the woman who birthed me". My mother forgot that she gave birth to me. It wasn't her fault - she had dementia. And she's dead now. But the pain of being forgotten by my mother doesn't go away.
My mother's reality was that she didn't have a daughter. My reality was - is - that she was my mother. There were two realities. In the absence of other evidence, which would be right?
Reality requires validation. We need the witness of other people to prove our reality. Those who bang on about "scientific reality" are in fact relying on the witness of people called scientists.
Read 8 tweets
Feb 17
"Exchanges and platforms are rushing to implement crypto-tech 'proof of reserves' gimmicks that are proof of nothing at all. There's no such thing as 'fully reserved' in cryptoland. Your deposits are fully at risk and you can lose all your money." coppolacomment.com/2023/02/proof-…
And before all the crypto trolls rush in to tell me that traditional banks are the same, let me remind you of the protections banks have that crypto platforms don't:
- Central bank liquidity
- Deposit insurance
- Capital regulation (this protects uninsured depositors)
Oh, and fully audited financial accounts.
Read 4 tweets

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