Friday, March 28, 2008

John Charcol about to go bust ?

Auditor warns John Charcol's future as going concern is in doubt

"The country's best known mortgage broker, John Charcol, has been warned by its auditor that it faces a "material uncertainty" about its ability to keep operating "

Posted by doomwatch @ 10:22 AM (1253 views)
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9 thoughts on “John Charcol about to go bust ?

  • “The business is very strong,” Kennedy said. The Financial Services Authority, which regulates mortgage brokers, had no concerns about the business after conducting a visit in October which “went extremely well”.

    Sounds like they’re really in trouble then.

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  • if it does, expect the BOE to react with 1% interest rates

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  • and this is based on the results from 2006; wonder what happened in 2007 ?

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  • If it does expect Ray Boulger to land a job as the Governments mortgage adviser/expert on £90K per week like Ron Sandler at Northern Rock

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  • Amazing!

    Live by debt die by debt are my reflections…

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  • I do hope it does go bust.

    Ray Boulger’s always being pimped by BBC’s 5 Live as some sort of Mortgage guru so it would be a load warning to the plebs that the experts were never in control – the experts that they beleived and followed like lambs to the slaughter.

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  • We would be better served listening to the likes of Ray Bolger (the Straw Man in the Wizard of Oz) than Ray Boulger ( for whom the Great Wizard will not be able to provide a brain, a heart or even courage).

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  • montesquieu says:

    Fascinating these numpties couldn’t even make money when the going was easy.

    Get this too:

    Ian Kennedy, chief executive of the broker […] said: “We’re not in trouble at all.”

    Comedy worthy of Mr Arsetz himself.

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  • montesquieu says:

    Fascinating these numpties couldn’t even make money when the going was easy.

    Get this too:

    Ian Kennedy, chief executive of the broker […] said: “We’re not in trouble at all.”

    Comedy worthy of Mr Arsetz himself.

    Reply
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