Nicole Biscuiti
0781 292 1147 direct
nicole@biscuiti.com
INTERNATIONAL REAL ESTATE ANALYST AND ACCLAIMED AUTHOR
SPELLS OUT EXACT STEPS ENGLAND MUST TAKE TO AVOID FINANCIAL CRASH
THE GLOBAL CREDIT CRISIS
LONDON, ENGLAND (March 28, 2008) – International Real Estate Analyst and Best-Selling Author, Charles Byron Andrews, warns of a ensuing English credit crunch and urges lenders to ease off immediately. The Global Credit Crisis, as explained by Andrews, “is much worse than people really understand, yet we are still doing all of the things that will lead to devastation if we do not take immediate, corrective action”.
In London to teach an educational masterclass and deliver the keynote address at Old Billingsgate this weekend, Charles Byron Andrews sends out a warning that if drastic measures are not taken immediately to stop England’s economic slow-down, it will soon turn into crisis that will mirror the devastating and debilitating US mortgage meltdown.
Today, Mr. Andrews released the enclosed instructions.
4 Things that Need to Happen Immediately:
Interest-only portions of all residential notes and mortgages must be put on a 24 month freeze;
Mandatory curriculum in 2009: financial education must be taught in elementary schools through universities;
A two-point cut in interest rates next quarter;
The tax infrastructure must be re-analyzed from business perspectives.
Andrews, a US lender himself, further explains: “Lenders in the United Kingdom should evaluate their greed and be willing to lose a few quid to avoid total and catastrophic industry destruction which would put fuel in the fire of the global credit crisis”.
This news comes on the heels of the FSA falling victim to further scrutiny with regards to its handling of processing, it’s relationships and regulations:
Mr. Andrews has led the residential and commercial finance industry as a licensed, correspondent lender for the past 10 years. Having lived through the credit-crunch and sub-prime mess in the US, he speaks from experience on the warning signs of a terrible and destructive economic fall-down as well as the need for immediate action within the UK market.
Editor’s Note: Mr. Andrews is available for interviews between the 28th of March and the 2nd of April by contacting Nicole Biscuiti: 0781 292 1147.
