Icesave/Kaupthing - is Martin to blame?

roxorx

holloholloway wrote: »

I wonder if martin banks with icesave? I doubt it yet he has recommended it in the best buy tables for months. He shouldn't be holding his head high. If it wasn't for this site i wouldn't have invested in icesave. fact. I am fuming.

Why are you fuming though? All this site does is recommend options, and give the full details about why/why not for everything they say. If you have car insurance with the AA and they go bust, but you had it 'recommended' from a price comparison site, would you be going mad at them? No.

I have money that may end up having to be claimed back, and yes I also put it there after reading articles on this site, but I fully understand that it was MY decision, and I used MY judgement to put it there. All that this site did is give me the options and a bit more knowledge on my choices.

innovate

What muppet would even dream of blaming Martin??? Surely the posts of people saying they do are a joke? A pretty tasteless joke, mind...

I have lots of money in Icesave myself and clearly I don't like what's going on. All us 'victims' can do for now is sit tight and wait what will happen. Blaming anyone doesn't actually get a penny back, and blaming a random person like Martin is plain stupid.

tonytsdiver

One thing I would like to see change on this site is the term 'In the unlikely event that a bank goes bust'. Surely that's a bit old hat now ?

Caudle

chairman_miaow wrote: »

Learn what exactly ? Not to give advice ?

To realise that people will rush like lemmings at the highest interest rate and fail to read any warnings, however well intentioned.

To realise (as I'm sure he does) that the international financial situation has changed dramatically and to take account of that when giving advice.

To realise that people are now scared about either losing savings or having them frozen and inaccessible and to give that some priority when deciding on recommendations.

I see KE is still Martin's top pick for instant access accounts. I am quite surprised at that, in a way, although it may be still logical. People are behaving in an illogical and irrational fashion - inevitable when there is fear around.

Idiophreak

I *think* martins to blame...fortunately, I know a surefire way to tell for sure...We'll tie him to a rock and chuck him in the river...If he survives, it's his fault and we can, quite rightly, flame him / burn him alive, if not, icesave *could* just be the fault of a fairly forked up world economy...

Jeez, some people...

Caudle

The ones to blame are the Icelandic banks. Period.

Having responsibility is not quite the same as blame.

greenface

this must be the quickest NONSENCE post to reach 5 pages plus

sidsmum

Don't blame Martin, what we have seen is a fairly classic bubble situation. I worked for a firm which advertised financial products just before the last crash, when the money market did lots of similar things, but Martin wasn't there to blame then.

Someone on BBC news just phoned in to blame the government. It isn't them either. It is because the banks have been greedy. I wouldn't bail them out, I'd let them go bust. But then I have only a few bob in the Co-op!

Innys

The original posting on this thread has got to be a wind up - and one in fairly poor taste. If by some miracle it isn't, it's laughable.

31 May 2008 and the rest sound like the kind of people who, if they attempted to commit suicide by standing in front of a bus and then survived, go on to sue the bus driver for "emotional distress".

Grow up, take some responsibility for your own actions and stop bleating on here.

For the record, I have nearly 10k with Icesave, but I don't feel the need to blame someone - anyone - other than myself.

posh*spice

Griffboy wrote: »

I followed the news and didn't listen to most on here calling me names and drew my money out. People have to follow their own instincts.

And those people who called people names and attacked all who tried to say otherwise have done all MSEers no favours...:o:mad: