http://www.we-introduce-you.co.uk/theintroducer/127_eagles-eggs-and-a-flight-from-the-nest/ The MD of We Introduce you blogs about his life, secured loans and the secured loans industry Thu, 28 Aug 2008 14:49:16 +0000 http://wordpress.org/?v=2.0.3 http://www.we-introduce-you.co.uk/theintroducer/127_eagles-eggs-and-a-flight-from-the-nest/#comment-60626 Thu, 13 Sep 2007 23:59:17 +0000 http://www.we-introduce-you.co.uk/theintroducer/127_eagles-eggs-and-a-flight-from-the-nest/#comment-60626 Jeremy's tenure in charge of Firstplus was based on poor risk calculations, maximising profit whilst betting on the future market and house price plus wages increase. The relaxation in credit risk analysis (to be fair done almost world wide) has created the sub-prime problems reported at this time (Sep 07). The ceo prior to J Masding grew Firstplus in an organic way, but did not meet the expectations of Barclays short term goals. Which two philosophies were the best ? - As a former employee who served under both I think the former philosophy of organic growth was better .. Jeremy’s tenure in charge of Firstplus was based on poor risk calculations, maximising profit whilst betting on the future market and house price plus wages increase. The relaxation in credit risk analysis (to be fair done almost world wide) has created the sub-prime problems reported at this time (Sep 07). The ceo prior to J Masding grew Firstplus in an organic way, but did not meet the expectations of Barclays short term goals. Which two philosophies were the best ? - As a former employee who served under both I think the former philosophy of organic growth was better ..

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