Martin needs to show us what he is really made of now.

iza2008

Ok let me get this point out the way, i don't blame Martin directly for the problems we have with Icesave we all wanted the best rate for our savings and Martin showed us where to find them which just happened to be Icesave. I for one had over the £50k limit with them and stand to lose my life's savings due to the Icesaving situation which judging by this forum is common place.

What has angered me is the way Nrock/BB/Hbos etc have all been bailed out by the goverment for the full ammts and us Icesave savers are left with a very unsafe and unclear claim back scheme.

We need your help Martin NOW with a voice to the powers that be to back ALL UK savers in ICESAVE so all funds are covered like with nrock. We need a voice and you are the man Martin, forget about all the BOGOF offers etc this is where you need to step up to the plate and help us. We aren't bankers or hedgefund traders we are normal hard works people who have been stung for our life savings.

Please Martin if you read this act quickly and become a media voice for us as I fear if we don't it will not only be to late for us Savers but a media backlash on yourself (this isn't meant to sound harsh just I feel that this could end up being a time bomb for all of us)....

opinions4u

I do genuinely hope that no British saver loses out after this, but it isn't looking good.

The ONLY thought that justifies this is that by allowing this company to take deposits in the UK there is, perhaps, a moral responsibility to support some sort of bailout - even if not up to 100% of savings.

pmorrison_2

To be fair, since April, there has been a warning below all references that Martin has made to Icesave that it is not fully covered by the UK guarentee scheme. For months he has also been saying not to have more than £35k in any one account, as the threshold has only been raised today, I assume that you decided to ignore that advice?

With regards to Northern Rock, BB and HBOS, its a totally different situation as these are banks based and run from the UK, Icesave is in a totally different situation so you cant expect the government to fully cover it - whether they should or not is a different matter.

If the government were to 'bail out' Icesave as you suggest, can you imagine the backlash from millions and millions of people who dont have savings in foreign banks saying that they are putting foreign banks ahead of British ones?

Its a horrible situation but all the signs and warnings were there and every saver has noone to blame apart from themselves.

KingL

iza2008 wrote: »

What has angered me is the way Nrock/BB/Hbos etc have all been bailed out by the goverment for the full ammts and us Icesave savers are left with a very unsafe and unclear claim back scheme.

We need your help Martin NOW with a voice to the powers that be to back ALL UK savers in ICESAVE so all funds are covered like with nrock. We need a voice and you are the man Martin

The Chancellor has said that he will be making a statement tomorrow (weds) morning before the stock markets open. Let's see what he has to say, I suspect (?hope) that we'll be pleasantly surprised.

iza2008

I didn't have any savings in nrock/BB or HBOS but as a tax payer I thought it was the right thing to do....how many savers were with BB anyway (as many as Icesave)?

mdean

iza2008 wrote: »

Ok let me get this point out the way, i don't blame Martin directly for the problems we have with Icesave we all wanted the best rate for our savings and Martin showed us where to find them which just happened to be Icesave. I for one had over the £50k limit with them and stand to lose my life's savings due to the Icesaving situation which judging by this forum is common place.

What has angered me is the way Nrock/BB/Hbos etc have all been bailed out by the goverment for the full ammts and us Icesave savers are left with a very unsafe and unclear claim back scheme.

We need your help Martin NOW with a voice to the powers that be to back ALL UK savers in ICESAVE so all funds are covered like with nrock. We need a voice and you are the man Martin, forget about all the BOGOF offers etc this is where you need to step up to the plate and help us. We aren't bankers or hedgefund traders we are normal hard works people who have been stung for our life savings.

Please Martin if you read this act quickly and become a media voice for us as I fear if we don't it will not only be to late for us Savers but a media backlash on yourself (this isn't meant to sound harsh just I feel that this could end up being a time bomb for all of us)....

I hope that Mr Lewis has better things to do with his time
1) This site has clearly warned people for over a year not to leave more than £35k in one institution.....you did .....oh and it happened to pay an inflated rate.
People so rich they can put more than £50k on deposit who are too greedy to follow the advice get all they deserve
2) Yes I hope that ML fully supports helping everyone with £50k or under to get it back
3) Northern Rock was not 'bailed out' - It was nationalised - share holders lose all cash (tough s**te) depositors safe - run as a business - taxpayers money being repaid - all paid in 2 years - then can be sold
4) Bradford and Bingley - Savings sold to Santender - safe deposits, rest nationalised - same as NR

There is no case for compensation to anyone who put more than £50k in icesave - it is a case of buyer beware

iza2008

KingL wrote: »

The Chancellor has said that he will be making a statement tomorrow (weds) morning before the stock markets open. Let's see what he has to say, I suspect (?hope) that we'll be pleasantly surprised.

Fingers crossed!!!

sabretoothtigger

There is coverage upto 50k, isnt that clear. Sorry the worst happened but Martin doesnt have the power or connections to see this months ago obviously

mdean

iza2008 wrote: »

I didn't have any savings in nrock/BB or HBOS but as a tax payer I thought it was the right thing to do....how many savers were with BB anyway (as many as Icesave)?

£21bn worth ...four times icesave

Swipe

KingL wrote: »

The Chancellor has said that he will be making a statement tomorrow (weds) morning before the stock markets open. Let's see what he has to say, I suspect (?hope) that we'll be pleasantly surprised.

I suspect it will be nothing to do with Icesave apart from a brief acknowledgement of what has happened. To be frank, they have much bigger fish to fry with the UK banks. This bailout will be costing them a small fortune so there'll be little left to guarantee us Icesavers. This really couldn't have happened at a worse time for us really with the RBS stuff etc.

silvercar

iza2088 wrote:

What has angered me is the way Nrock/BB/Hbos etc have all been bailed out by the goverment for the full ammts and us Icesave savers are left with a very unsafe and unclear claim back scheme.

The british government intervened to ensure the safety of money held in those 3 british institutions. You made a decision to invest in a an overseas operation and would like the british government (ie taxpayers) to bail you out! If the icelandic compensation scheme fails to payout then you should be directing your anger at Iceland, not the government or even MArtin!