We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Ladies and gents - please calm down and stop adding to the hysteria

11112141617

Comments

  • mobfant
    mobfant Posts: 293 Forumite
    Part of the Furniture Combo Breaker
    isofa wrote: »

    Savers with less than 50K in KE are at no more risk than those with money in any other UK back - this is a fact.

    That's only a fact if all UK banks had an equal chance of going bust, and (if they're not), if the FSA would pay out the money next day without any interest lost.
  • campins
    campins Posts: 120 Forumite
    Well, I withdrew my savings from Kaupthing about 30 minutes ago and it was all confirmed in the normal way. I am going to wait until this all blows over before, as I do not want to be without access to my savings if the Icelandic government decides or has to restrict access to Kaupthing funds...Phew:eek: :eek:
    Love your son.
  • Zebra
    Zebra Posts: 6,702 Forumite
    isofa wrote: »
    I totally agree, but I hope you'd agree that pointing out the facts and discussing these, rather than posting alarmist misinformation is the way to go?

    I don't see anyone shouting down anyone you posts factual, sensible worries or otherwise.
    blizeH wrote: »
    Fella - why do you keep going from thread to thread spreading doom and gloom? For ***s sake man give us a break.

    In my opinion Fella's posts here and in other threads are some of the most pertinent and factually correct ones around, especially those posted last night before all today's developments.
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    gax23 wrote: »

    Originally Posted by genny viewpost.gif
    Fact you've just lied, and here is the evidence:

    Fact you posted on post 30, incorrect about KE: http://forums.moneysavingexpert.com/...tml?p=14767381

    Fact you posted on post 34, incorrect about KE:
    http://forums.moneysavingexpert.com/...tml?p=14767827

    Fact you igored the advice and as for evidence (already given) post 40:
    http://forums.moneysavingexpert.com/...tml?p=14768187

    Fact, you suggested everyone would lose their life savings, post 60:
    http://forums.moneysavingexpert.com/showpost.html?p=14768657

    Fact, only by post 70 did you admit you were wrong:
    http://forums.moneysavingexpert.com/...tml?p=14768809

    Please read MSE Forum Manager's previous post and stick to the rules. You're not helping anyone.

    But with the greatest of respect Gax23, it was you who earlier challenged them to publish the evidence
    Liquidity is when you look at your investment portfolio and **** your pants
  • Sky news reports..
      • If an Icelandic bank failed UK customers are protected up to £50,000
      • 95% of Icesave's UK customers have less than £50,000 saved
      • UK savers have the first £16,170 of their money protected by Iceland
      • The remaining £33,830 or double for joint accounts is protected by the Financial Services Compensation Scheme (FSCS)
      • If Iceland goes bankrupt, the FSCS would cover the entire £50,000
      If we can assume this to be true, would we see our money again?
    • stevetodd
      stevetodd Posts: 1,016 Forumite
      wilh wrote: »
      You will not get a reply on either phone numbers available - the bank has ceased trading at the moment - it will be interesting to see if they will allow you to move funds out of your account. Anyone putting money in at the moment must be a fool.

      How come you posted this at about 9.30am yet I have just been talking to them on the telephone at noon then?
    • gax23
      gax23 Posts: 205 Forumite
      Stavros wrote: »
      But with the greatest of respect Gax23, it was you who earlier challenged them to publish the evidence

      You're right, but I'm going to respect the Forum Manager's rules and stop the bickering. Whether you want to mark that up as a victory or not is up to you - I'm refraining from making any comments which will break the forum rules.
    • genny
      genny Posts: 319 Forumite
      Stavros wrote: »
      But with the greatest of respect Gax23, it was you who earlier challenged them to publish the evidence

      Stavros, you just can't please some people, they are here to inflame.

      They will swear black is white for pages, then quietly agree they are wrong, then swear they never said anything, then you prove they did and they come up with yet more rubbish.

      Thanks anyway - this thread is not worth contributing to.
    • gax23
      gax23 Posts: 205 Forumite
      genny wrote: »
      Thanks anyway - this thread is not worth contributing to.

      Yet you still are...? :confused:

      Please respect the Forum Manager's rules and put an end to the petty squabbling.
    • isofa
      isofa Posts: 6,091 Forumite
      mobfant wrote: »
      That's only a fact if all UK banks had an equal chance of going bust, and (if they're not), if the FSA would pay out the money next day without any interest lost.

      The FSA won't pay anyone out, it's the FSCS which does that.

      Obviously some are more at risk than others, but still you are fully protected under the scheme to 50K with Kaupthing - that is a clear fact.
    This discussion has been closed.
    Meet your Ambassadors

    🚀 Getting Started

    Hi new member!

    Our Getting Started Guide will help you get the most out of the Forum

    Categories

    • All Categories
    • 352.1K Banking & Borrowing
    • 253.5K Reduce Debt & Boost Income
    • 454.2K Spending & Discounts
    • 245.1K Work, Benefits & Business
    • 600.7K Mortgages, Homes & Bills
    • 177.5K Life & Family
    • 258.9K Travel & Transport
    • 1.5M Hobbies & Leisure
    • 16.2K Discuss & Feedback
    • 37.6K Read-Only Boards

    Is this how you want to be seen?

    We see you are using a default avatar. It takes only a few seconds to pick a picture.