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Skipton and Chelsea carpetbagging busters

Skipton and Chelsea Building Society&#39s are dashing the hopes of “blundering” carpetbaggers by claiming their resolutions don&#39t call for the end of mutuality.


Both societies are saying there is “no prospect” of them deciding to convert following an invitation to the boards to “consider taking steps to change the independent mutual status of the society” rather than a straight demand for conversion.


Carpetbagger.com spokesperson Richard Yendall described the move as a “cynical ploy to avoid a difficult issue” and the rejections were “laughable”.


But Skipton chief executive John Goodfellow say: “If they wanted to force a conversion then they are blundering idiots because the resolutions didn&#39t ask us to that- clearly it is not a conversion resolution.”

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