Twitter ye not – I am being followed

In my lamentable race to keep up with technology this weekend I discovered Twitter.

This is to blogging what the microwave is to the oven – short, sharp and to the point.

If you see someone who you are interested in, you can then “follow” them, which admittedly sounds a bit stalkerish.

I am already being followed by my best client, probably because he is fed up of leaving messages for me and can now watch my every move – don’t worry Jean-Mark, I am watching you too!

As no-one above me in Cobalt understands technology I reckon I could possibly get away with saying what I like.

Actually to be fair I do that anyway on my blog and don’t agree with censorship.

So, are bankers bonuses bo***cks? (Told you I hate censorship, but I don’t want to be sacrificed like Jonathan Ross!)

For me, as I said before, for the ordinary staff working their tails off at places like Northern Rock I have no issue.

For those executives looking at hundreds of thousands of pounds for taking excessive risk, or chairman whose share price is taking a battering it is another story.

As Robert Peston says, (who incidentally is not on Twitter – get up with the times mate), “it’s tricky to pay fat rewards to managers of a business when the owners of said business are being mullered”.

And so to the beleaguered mortgage industry, where I guess my bonus will no longer be forthcoming, we are very much in the middle of the storm.

Some reports say that this year mortgage lending will be anywhere between the pessimistic £120 billion to a more optimistic £180 billion.

That is some way off the heady days of £360 billion.

This means brokers will have a much smaller share of the market to go round.

It is important, however, for lenders not to think that they can survive without intermediaries.

Clients need proper advice more than ever, as is reflected in the amount of people wanting to talk to us at the moment, and professional independent advisers are the only ones who can properly advise the public on all aspects of a crazy market place at present.

After all, banks will have to earn trust back over the coming years.

Paying a big bonus to executives whilst another small business is shut down or a first-time buyer is denied a mortgage is not the best way to start.