Icesave-please help/advice!!!!

Scooby64

Rachman,
I don't normally respong to the smug gits, but please stop because it should be apparent to you that some people are deeply upset and scared by the situation they are in.

I DO DO finance and money for a living (private equity, leveraged buyouts (using Landsbanki too), global M&A and capital markets)

I hope they can find it in their hearts to show sympathy for you when you lose your job and the porche has to go back

pessimist_3

Savers may get nothing. The Icelandic government may not declare the bank insolvent. If that is the case the FSA scheme does not come into play. And all deposits will be lost.

mybrainhurts

vishy01234 wrote: »

Keep your spirits up - I know it's tough, but I am sure it will all get resolved and be ok in the end. I know it's tough, but try to imagine how it must have felt for families that suffered in tsunamis, earthquakes, those killed in Irag, or 9/11 ... then it puts everything in perspective. This is nothing compared to the pains that other people suffer. It's just part of life and the key is that we have to show strength and resolve to get through this. You and the rest of us have every reason to stay positive - we WILL get our money back.

Write to your MP on https://www.writetothem.com. Especially if they are Labour (and say you usually vote Labour but unless etc etc etc). You will feel you have done something. And actually you will have done something because MPs do actually judge the importance of things by the amount of correspondence they get on them. So write to them NOW!

casper_uk

vishy01234 wrote: »

You are missing the point. No one WANTS your commentary or advice - we just want you to stop others feeling like schit. You are behaving like an uncompassionate fool ... and I suspect you are getting a weird kick out of it. Do you not think many on here regret keeping their money with Icesave? Of course they do!!

All we would like you to do is crawl back under the rock you came from.

Vishy, if you read super teds first post his anger was directed at people that gave bad advice, then about if it's investing etc and he wished people with money at risk all the best. He did not direct anger at anyone with money in Iceland! For what ever reason you and others have decided to try and bait him. You have read to much into his fist post and it's lead you to where you are now trading insults. I suggest you either say sorry for baiting him or just put him on ignore as you are not helping anyone.

People need to take a step back from trying to blame everybody and anything. The best thing everyone can do is shut up and cross your fingers that the scheme works for the people that need it. My suggestion to anyone with money is do your own research based on fact and decide for your self what to do with your money, (same advice i gave a few days ago). The bigger the rate you get the bigger the risk so think carefully!

kilrail

OK so I was one of the ones who panicked yesterday and probably contributed to this crisis, but, when you haven't got stacks of money £26,000 means a lot.
I wasn't successful anyway as I suspect they put a block on withdrawals before they publicised it.
I think we will just have to sit tight and wait for real information.

Having savings is a bit of a curse in the current climate - 20 years ago all I had to worry about was paying the mortgage, the credit card, feeding the kids and keeping an old car running - look at me now!!!!

betheebee

backfoot wrote: »

This and your other posts are totally innapropriate to this thread for people asking for help and advice.The other posters trolling out their vitriol can't hide their glee that they personally havn't been affected and revel in the potential misery and concern of the many.

You are all eloquent writers, knowledgeable of history and your own self importance, but quite frankly you are the beneath contempt as far as I am concerend.

Why don't you start your own thread partying over the distress rather than pouring salt in the wounds here. Better still just ............

Backfoot, I do hope the last ..., should read ''Off''
Am I the only one who can feel the presence of rubber neckers and gouls??

cs15

Rachman wrote: »

No, but did it not for one moment dawn on you that there was a reason they were paying more interest.... if it looks too good to be true, it usually is. I don't entrust my life's savings to X, Y and Z just because some idiot in a paper or on the telly says so, it takes me too long to earn, if I am going to stick my money somewhere I am going to do my OWN diligence. That would have taken less time to do than it took to send ICESAVE the money. If it's money that's so important for you, then you DO THE DILIGENCE YOURSELF OR PAY SOMEONE ELSE TO DO IT FOR YOU AND EXPLAIN THE RISKS IF YOU DON'T THINK YOU ARE CAPABLE OF IT.

quote]

well i look in the standard media, where else am i supposed to look, and if I try and go more specialist everyone seems to disagree anyway so you go back to the standard advice like MSE..... but it seems like you know dont you smug man? Why pay for some specialist that will just as likely get it wrong. For every smug man that now thinks he is right after the event than you, there are loads of other smug men that have given bad advice in the past and are very quiet...

Scooby64

casper_uk wrote: »

The bigger the rate you get the bigger the risk so think carefully!

That's just not true in the current climate - HBOS crashed on rumours, RBS lost 40% of its value just today for no good reason. The business fundamentals are no different today than yesterday, so why is it worth half as much??

It's idiots who feed out rumours to sequentially depress then inflate share prices that are making big bucks from the current situation.

swiss_saver

Rachman wrote: »

No, but did it not for one moment dawn on you that there was a reason they were paying more interest.... if it looks too good to be true, it usually is.

Oh come on. What utter !!!!!!!

We are all talking about a savings account at a bank which is part of the accepted financial landscape, based in a EU nation.

YOU can't seem to see the difference between this kind of safe home for money, and, the whole range of risky investment options: stocks, index funds, accounts at hedge funds, IPOs.

It is in these latter cases which are the true situations of buyer-beware. Indeed, when you buy any of these types of products they come with screaming warnings.

But here we are talking about an ordinary deposit account at an ordinary bank. High interest rate? Yeah, but that is because it is internet based, not high street.

vishy01234

casper_uk wrote: »

Vishy, if you read super teds first post his anger was directed at people that gave bad advice, then about if it's investing etc and he wished people with money at risk all the best. He did not direct anger at anyone with money in Iceland! For what ever reason you and others have decided to try and bait him. You have read to much into his fist post and it's lead you to where you are now trading insults. I suggest you either say sorry for baiting him or just put him on ignore as you are not helping anyone.

People need to take a step back from trying to blame everybody and anything. The best thing everyone can do is shut up and cross your fingers that the scheme works for the people that need it. My suggestion to anyone with money is do your own research based on fact and decide for your self what to do with your money, (same advice i gave a few days ago). The bigger the rate you get the bigger the risk so think carefully!

No you are wrong - he has made many decent people feel idiotic for putting their money into Icesave despite recommendations from informed people like Marin Lewis and throughout the media, and because they felt protected by the various compensation schemes. He has gloated and enjoyed making people feel bad ... in fact, you are starting to sound a bit like him yourself. So don't be so cocky as to suggest that I say sorry for baiting him!! He should be saying sorry to me and many others for acting like a complete prat throughout this thread stirring an already horrible and painful situation for many of us.