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Icesave-please help/advice!!!!

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Comments

  • casper_uk
    casper_uk Posts: 88 Forumite
    I hope everyone that has money at risk truly gets it back. I also hope that everyone that spat, shouted, cursed and moaned about evil scare mongering is happy with them self. Just because other people have different view points to your self it doesn't make them wrong!

    The people that moved money or told others to move were correct. The writing has been on the wall for this bank for days but people decided to stick their fingers in their ears and shout that everything was ok. There is no point trying to blame Martin either as he has always been forward with the information on the schemes and has told people about the 35k limit many times.

    This forum used to be great, but it's lost some of it's shine as people now shout and scream if anyway has an opinion that differs, what happened to discussing it with facts in a calm manner? Anyway i really mean it good luck to anyone involved, i have my fingers crossed for you.
  • northern5
    northern5 Posts: 101 Forumite
    casper_uk wrote: »
    There is no point trying to blame Martin either as he has always been forward with the information on the schemes and has told people about the 35k limit many times.

    I agree.... in Martin's defence, this website is full of disclaimers, and if it wasn't for martin and this website then I'm sure there would be a lot more than just 2% of people with more than the 35k/50k compensation limits.... as he said, banks are like bridges, they hardly ever fall, but when they do....
  • casper_uk wrote: »
    I hope everyone that has money at risk truly gets it back. I also hope that everyone that spat, shouted, cursed and moaned about evil scare mongering is happy with them self. Just because other people have different view points to your self it doesn't make them wrong!

    The people that moved money or told others to move were correct. The writing has been on the wall for this bank for days but people decided to stick their fingers in their ears and shout that everything was ok. There is no point trying to blame Martin either as he has always been forward with the information on the schemes and has told people about the 35k limit many times.

    This forum used to be great, but it's lost some of it's shine as people now shout and scream if anyway has an opinion that differs, what happened to discussing it with facts in a calm manner? Anyway i really mean it good luck to anyone involved, i have my fingers crossed for you.

    I agree to a certain extent with what you are saying ... but I would like to hear your views on the vultures that are currently dishing out investment sermons and making people that currently have money with Icesave feel like idiots. They are acting wise after the event. I have no problems with people that warned others to pull their savings out of Icelandic banks before the rcent events. But do you think it is right or acceptable to be rubbing salt into the wounds of people that are already suffering. It disgusts me quite frankly.

    This is not a time for smart arrses to start showing off that they are investment gurus ... this is a time to help people that have been caught up in this mess and help them to get their savings back. Or maybe at least offer a few words of comfort and reassurance ...
  • thought about moving it bit then decided I wouldn't.

    The fact is, I'm unconvinced that any Bank is safe, the only additional risk is that Iceland itself goes under.

    I don't get any more protection from any other bank than I do with Icesave (with the exceptions of NSI and tax purchase credits), so there you go.

    Just got to go with the flow.

    I've got a massive tax bill coming along in January and as it stands there is no way I can pay it unless I can access my Icesave funds or the FSCS pays up quickly.

    At the end of the day, if the worst happens I'll contact my mortgage company well in advance, explain the situ (same with credit card companies) and I'm positive they'll be understanding.

    No point panicking, this isn't something I've got much control over.

    Just have to crack on.
    --- Getting there! ---
  • Hi,

    I work as a reporter with the Guardian, and would like to speak to anyone who has an Icesave account - so if you want to rant a bit about the situation, do call me! at 07517451044, or mail me at abhinav.ramnarayan@guardian.co.uk. thanks.
  • vishy01234 wrote: »
    I agree to a certain extent with what you are saying ... but I would like to hear your views on the vultures that are currently dishing out investment sermons and making people that currently have money with Icesave feel like idiots. They are acting wise after the event. I have no problems with people that warned Do you think it is right or acceptable to be rubbing salt into the wounds of pople that are already suffering. It disgusts me quite frankly.

    This is not a time for smart arrses to start showing off that they are investment gurus ... this is a time to help people that have been caught up in this mess and help them to get their savings back. Or maybe at least offer a few words of comfort and reassurance ...

    ...you could ignore them, as you would do if you saw them in the street?
    --- Getting there! ---
  • From the Prime Minister of Iceland

    In a press conference today Iceland's Prime Minister, Mr. Geir H. Haarde, said that if needed the Icelandic Government will support the Depositors' and Investors' Guarantee Fund in raising the necessary funds, so that the Fund would be able to meet the minimum compensation limits in the event of a failure of an Icelandic bank.
    Mortgage start date: 21 July 2006
    Original term: 25 years
    Agreed redemption date: July 2031

    Original advance: £155,220
    [strike]Balance oustanding on 30.09.2007: £150,387.96[/strike]
    Balance outstanding on 31.01.2008: £147,818.12
    Amount repaid since mortgage start date: £7,401.88
    Target: to reduce mortgage to £123,000 by 01.04.2010

    Current monthly payment: £963.80 + £500.00 overpayment = £1,463.80
    Revised agreed redemption date: January 2031
  • homer_J123 wrote: »
    thought about moving it bit then decided I wouldn't.

    The fact is, I'm unconvinced that any Bank is safe, the only additional risk is that Iceland itself goes under.

    I don't get any more protection from any other bank than I do with Icesave (with the exceptions of NSI and tax purchase credits), so there you go.

    Just got to go with the flow.

    I've got a massive tax bill coming along in January and as it stands there is no way I can pay it unless I can access my Icesave funds or the FSCS pays up quickly.

    At the end of the day, if the worst happens I'll contact my mortgage company well in advance, explain the situ (same with credit card companies) and I'm positive they'll be understanding.

    No point panicking, this isn't something I've got much control over.

    Just have to crack on.

    I wish I could be as calm as you-very wise words.
  • Abhinav wrote: »
    Hi,

    I work as a reporter with the Guardian, and would like to speak to anyone who has an Icesave account - so if you want to rant a bit about the situation, do call me! at 07517451044, or mail me at abhinav.ramnarayan@guardian.co.uk. thanks.

    Rant about the situation LMAO - so those of use who are calm about the situ clearly don't make good copy.
    --- Getting there! ---
  • csiman
    csiman Posts: 99 Forumite
    Part of the Furniture Combo Breaker
    From the Prime Minister of Iceland

    In a press conference today Iceland's Prime Minister, Mr. Geir H. Haarde, said that if needed the Icelandic Government will support the Depositors' and Investors' Guarantee Fund in raising the necessary funds, so that the Fund would be able to meet the minimum compensation limits in the event of a failure of an Icelandic bank.
    I heard that too but just what are the "minimum compensation limits"?
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