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Iceland nationalises Glitnir bank
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I'm absolutely fed up by some forum members attitude. It makes me sick! What do I gain by being a scaremonger! (to be honest I just posted a question what if kaupthing edge is next) All I wanted to hear is anything other than the common note spread across this forum that upto 35K is safe. We have never really been in a situation where previously upto 35K has been repaid. What's wrong in questioning 'what if'. I never thought asking a question would result in one getting stressed.0
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That's interesting. A friend is convinced Maxwell was on the Mossad payroll. He often tells me this extraordinary tale of a software package called PROMIS. It was a powerful data mining tool. It had apparently been stolen from its authors, Inslaw Inc. The Mossad then installed a backdoor into it. Maxwell was charged with hawking the compromised program around the world to unsuspecting government agencies and corporations. That said, I see the spooky Gordon Thomas includes a chapter on PROMIS in his book Gideon's Spies, so that possibly means it's all drivel!"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0 -
formulaonefan wrote: »I'm absolutely fed up by some forum members attitude. It makes me sick! What do I gain by being a scaremonger! (to be honest I just posted a question what if kaupthing edge is next) All I wanted to hear is anything other than the common note spread across this forum that upto 35K is safe. We have never really been in a situation where previously upto 35K has been repaid. What's wrong in questioning 'what if'. I never thought asking a question would result in one getting stressed.
They're just shills. They probably have some professional involvement in the British banking industry and need to keep the ship afloat.
But it's too damn late for that. The banking industry is on the rocks. It's just a question of who should be rescued in the lifeboats.
Should we save the disgusting banksters who engineered the disaster, or should we save the blameless and hard-working little people?
As the Americans say: "that's a no-brainer!""If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0 -
I cant log onto Kaupthing either !! Booted me out twice saying "Your request is taking too long. Please try again" I would be a lot happier if it wasnt for the clause in the terms & conditions that they can shift your money over the Iceland parent company, all they have to do it notify you !!! :eek: There probably wont be a problem with Kaupthing, but I simply cannot take a chance with my savings0
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I cant log onto Kaupthing either !! Booted me out twice saying "Your request is taking too long. Please try again" I would be a lot happier if it wasnt for the clause in the terms & conditions that they can shift your money over the Iceland parent company, all they have to do it notify you !!! :eek: There probably wont be a problem with Kaupthing, but I simply cannot take a chance with my savings
I've just got in to my account in a few seconds. So Icelandic KE hasn't gone into meltdown yet.0 -
Yeah managed to log on now... Quite obviously their is a lot of traffic, hardly suprising i guess ...0
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No amount of BandAid bailouts can patch up this mess. The time has come to put the whole wretched industry into federal bankruptcy reorganisation..
You should be careful what you wish for. The US proposed (and failed to get through) a $700bn BandAid. That would have cost every tax payer in the USA $5,300 each.
If you bankrupt the whole industry instead of just trying to patch it up then your savings would disapear in a puff of smoke. I understand your sentiments but its a real world where the sums of money involved are bigger than governments. Better to keep the whole thing afloat then lose everything.
As to your second point - yes I'd love to see people go to jail but I think there will just be a small number of scapegoats. The rules were so lax that people didn't need to break them for things to go this wrong. That's the fault of government.
PS On re-reading this it sounds like I'm one of the doomsayers. I'm not - I'm an optimist0
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