Channel 4 News

Laney08

I agree with all good comments for this site. :beer:
Anyone stupid enough to invest money without the proper due diligence (sorry my spelling sucks) are quite frankly the same idiots who are scrambling now to get their money out of the banks and causing their very own financial downfall.
People need to think a little further than the end of the week here!
If you invested in Icesave it was because they had a good rate.
It could just have easily been northern rock or b&b or even one of the big banks. HBOS showed that the big banks aren't imune to this.
we need calm here people if the markets are ever to get stable again.
I cant help feeling there is other factors at work here helping to cause more turmoil and hardship than what we know. There is after all only a finite amount of cash in circulation and everything else is just numbers on a screen.
:money:
I hope martin does not ever let channel 4 get him down

Please note i am not in the banking sector nor the stock market, just a standard average joe

shed35

I couldn't agree more with the other posts. I was disgusted at the way Jon Snow treated Martin Lewis. He did not seem to listen to his answers and was just looking for someone to attack. To put him against someone with a disability was bad show on Channel 4 news. I expect this kind of thing from tabloid newspapers!!

I do feel sorry for those people with Icesavers accounts. Yes! people would not of heard about them unless they went onto this site. But each time Martin did stipulate that it was an Icelandic bank therefore would not follow FSA rules. I know he said this because last June I was thinking about opening an account with them and if was this that stop me from doing it.

If I can read this, I am sure that other people did. At end of day people make their own decisions whether they go for it or not.

Listening to the news, I can't believe that banks borrowed and borrowed money when they didn't have the resources to pay it back and then to encourage people to borrow money from them when some of them couldn't pay it back, it just shocking! These insitutions need to take a close look at themselves.

DrFluffy

But if you make your living from giving "non-binding" financial advice, you have to take the rough with the smooth.

Not everyone is educated enough to appreciate risks. Not everyone who sees Martin on TV has access to a computer etc, so it could be seen as almost irresponsible to preach on a national stage in return for cash, but try to hide behind an equally (internet) hidden "disclaimer" when things get a little messy.

Is this site great? You bet, but lets not forget that there are two facets to it - one of which is not community minded.

Clive_Woody

I didn't see the interview, but from the sound of this, it's the usual lashing out response and looking for somebody to blame. Martin has a public profile and a very popular website, he is an obvious target for people to have a rant at.

It's a shame that we see reactions likes this, but this is the typical response where people look for somebody else to blame for the choices they made when things go wrong. Sadly this is all too common, you only have to look back at all those who are claiming back their bank charges, once again they do not want to take responsibility for their actions.

IT_nerd

What the hell was with having Martin on one side of the fence and a guy with some cripling mental/physical problem who has the prospect of losing all their savings on the other!

Jesus christ. Bloody ghandi would look bad sat next to a cripple about to lose his savings.

I thought it was a very untasteful. And I can't imagine how Martin must have felt when put next to such a bad case study as that.

I guess it could have been worse. A group of disable orphans with 3 years to live whos orphanage had just burnt down and they have just put the insurance money into an icesave account so they could rebuild their home in a few months.
And they put it in there on monday.

That's about the only case study more depressing than the one on CH4.

Glad

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere (please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]abuse@moneysavingexpert.com[/EMAIL]