ACKNOWLEDGEMENTS AND TESTIMONIALS

ACKNOWLEDGEMENTS

My sincere thanks are owed to so many that I have completely lost track. But some of them are special because they have joined my board of directors as IngramSure (UK) Ltd and are basically unpaid supporters.

Others are special because they have been consulted and have offered encouragement and advice. Some of those are listed below as consultants.

And my wife has managed to stay with me despite many times saying that my other wife is this computer which I spend most of the day on trying to find refinements and making my work easier to understand.

Others are special because they have made written testimonials. See the acknowledgements below .

BOARD OF DIRECTORS AT INGRAMSURE (UK) LTD

Myself, Edward C D Ingram, and two retired top bankers:

Graham Hollick a past President of the International Union for Housing Finance, (he opposed the way in which mortgage finance was being monetised as he said it would create abuses), and 

Andrew Pampallis recently retired head of Banking at the University of South Africa, (he has also had experience in putting in systems for the Central Bank in Cyprus),

Michael J Harrison, a Chartered Secretary and retired Building Society Executive who sits on the South African Bankers’ Examination Board, and

Taoniza Chowa, a lecturer in actuarial science and risk management at the National University of Science and Technology in Zimbabwe.

Also

Alastair France supplies some technical expertise and lots of common sense.

CONSULTANTS

¨  Professor Daniel Makina: Department of Finance, Risk Management, and Banking at the University of South Africa (UNISA), who is supporting this initiative,

¨     John Robertson, a consulting economist and ex senior economist at a bank, who was a key member of the review committee from the late 1990s to the early in the 2000s

¨     A number of other professors of economics and one in stock broking have taken a positive interest and have assisted with significant encouragement, comment, and advice. These include many, but in particular Professor John Hart, of the faculty of economics at the University of Durban, Professor Stephen Migiro now Dean of the Faculty of Economics at the University of KZW, who was appointed to assist me while still at the University of South Africa, (UNISA), and Professor Leon Brummer at the University of Pretoria, where he teaches stock broking. He saw me only briefly (for an hour or so) and said of the main concept to level playing fields and aligning to AEG, “This simplifies everything.”

¨     James Ingram assists with IT and other advice. Barry Edwards, Alexander Kapriwa, and others (to be continued).  

All of the above are unpaid having been enthused by the wish to improve the financial world in which we live. Some Testimonials are provided below.

This was the first in the series are articles from my Housing from Income Committee and published in the Building Societies Gazette in 1974/5.

SOME WRITTEN TESTIMONIALS

1. From Steve Short urging further research.
2. From John Robertson giving most of the big picture
3. From Roger Bevan FIA and Mark Symons, endorsing the ILS Systems.
4. CONFIDENTIAL memo. This was for the US Treasury and was sent by FAX. 

1. From Steve Short:

2. From John Robertson - a member of the second committee in Zimbabwe

From:	"John Robertson" <economic@ecoweb.co.zw>  View Contact Details
To:	"edward ingram" <edwarding2@yahoo.com>
Subject:	Re: CV - and introductory paragraphs
Date:	Tue, 25 Jan 2005 18:04:56 +0200

Dear Edward,

Please forgive this late response. I couldn't log onto my server for several hours, for some reason. I have attached the slightly amended versions of the CV and testimonial, but I have more penetrating suggestions on your introductory statement. Basically, I think you will switch off most readers with the first few lines because they will appear too detached from anything they might know already. How about the following?

IN   A   NUTSHELL

By John Robertson

The usual methods of calculating mortgage bond payment schedules do not take account of the buyers’ changing circumstances through the life of the mortgage bond, and neither do they take account of the value of the money being paid to the lenders. Over the years, severe imbalances have built up between demand and supply of mortgage funding as a result, and these have often spilled over into severely distorted price levels in the property market.

 As the world’s more active economies are locked into the need to achieve compound rates of growth, the retention of level mortgage bond repayment schemes has slowly and steadily caused the development of distortions and stresses in the property market in particular, but in many other financial fields that try to satisfy the needs of both lenders and borrowers.

 Having allowed linear payments schemes to remain in place for the past century or more, despite the exponential nature of normal growth aspirations shared by individuals and countries alike, major conflicts of interests have emerged, but until now, nobody has tried to fully explain them.

Now, Edward Ingram has sought to do so. His aim is to overcome the source of social and financial stresses that have accumulated to become serious threats to the stability of financial and property markets everywhere and have already caused serious problems in many of them.

 Because they have caused fractures and disruptions at every level, the conflicting ideas are also the source of instability in the macro-economies of many countries, so inevitably their businesses and institutions are made even more vulnerable. These have been our findings.

3. From Roger Bevan FIA at the Institute of Actuaries

Subject:	RE: Ingram's Lending Systems - Press release for specialist media, cc FT.
Date:	Thu, 28 Oct 2004 20:37:08 +0100
From:	"Roger Bevan" <rogerb@actuaries.org.uk>  View Contact Details
To:	"edward ingram" <edwarding2@yahoo.com>

Edward,

Further to my e-mail yesterday, we would like you to delete the three lines that start 'PRESS references ...' and end 'Tel: 0207 632 2100' and alter the four lines that start 'Mr. Ingram recently visited ...' to:

 Mr. Ingram recently visited the Institute of Actuaries in London for a further peer review. The two people at the meeting - Roger Bevan FIA and his colleague Mark Symons - were both impressed. They suggested that Mr. Ingram should pursue his attempt to interest a commercial partner, taking care to safeguard his intellectual property.'

 I trust you will be happy with these changes and Mark and I wish you success in attracting interest as a result of the press release.

With kind regards,

Roger

 

Roger Bevan

Staff Actuary

The Actuarial Profession

Staple Inn Hall

High Holborn

London

WC1V 7QJ

 

+44 (0) 20 7632 2100 (O)

Mobile 07860 821306 

+44 (0) 1622 859859 (Business line - home)

 

Visit the website www.actuaries.org.uk

4. From a member of one of the Big Four consultancies

This one was written on company letterhead but was not authorized by the company. It was hoped to save the world from the recession and millions of families from trauma. The idea was to use my new mortgage model to make over-sized mortgages affordable as interest rates rose to contain inflation and get everything back to normal.

Subject:
Date:	Tue, 23 Sep 2008 14:57:57
From:	witheld
To:	"edward ingram" <edward@ingramfoundation.info>

To Whom It may Concern,

I have met with Mr. Edward Ingram on several occasions and discussed his theoretical proposals regarding models to solve numerous financial crises that the global economy [has] been faced with.

I can conclude without doubt that these models are credible and academically sound. The logic behind the construct of the results of these models is clear and comprehensive.

I fully support and pledge my assistance in the venture put forward by Mr. Ingram.

 Best Regards,

Actuarial Analyst

Actuarial & Insurance Solutions