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

monkeymaster

mdean wrote: »

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

That's not correct. B&B savers were compensated by the FSCS when the bank effectively defaulted (even those with deposits greater than 50k), it's just this compensation was paid directly to Santander as they bought the branch network and took over the running of the savings accounts.

Oh and I believe compensation for Northern Rock shareholders is still being worked out by the Government.

Edinburghlass_2

iza2008 wrote: »

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)....

Sorry but what do you think Martin has been doing all day

Have you read the updates and his blog and hopefully you are signed up for the email which has now started to go out to all recipients. Also MSE Dan has been trying most of the day to post on this board linking to the updates of what is happening and what Martin is doing.

l33tsp33k

If you have more than 50k with Icesave, AND they are not saved by another bank AND they are put into liquidation (all "ifs" at the moment) all is not lost for anything more than 50k.

Say a depositor has £100k with Icesave, he will get the following compensation:

-- EUR 20,887 from the IDIGF, the Icelandic equivalent of the FSCS (if the Icelanders can't pay this the FSCS should step in)
-- the remainder of the basic £50k protection from the FSCS
-- if the liquidators recover 60% of the banks assets, then the depositor will get a further £50k and be fully compensated. The FSCS will get £10k (the leftover amount recovered by the liquidators)
-- if they only recover 30% of the banks assets, then the depositor will get a further £30k and be down £20k.

You only need the liquidators to recover (your savings - 50k) / (your savings) to be fully compensated. If you have £100k or less in there, hopefully you will be OK... it could take years to recover the money though.

Mike

nicholbb

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)....

So because the government nationalised 2 banks you think you think it should also try to protect U investors in foreign banks now?
I've just got an email from a very nice Nigerian politician saying that I can make an investment and help secure £MILLIONS from a hidden bank account. If it all goes wrong I fully expect to be compensated by the UK government. (okay an extreme example but where does it end?).

a media backlash on yourself? Wow veiled threats/blackmail, nice! bet he rushes to your aid now.

I hope you get the compensation you are due (£50K) as a minimum and you luck out and get all your money back - but I hope I don't have to pay for your risk.

maypole

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 do have sympathy for you, but this is precisely the reason Martin warned us not to to put more than the £35000 now £50000 limit in any one bank. I do hope you get back your money.

The chancellor will be making a statement in the morning, but I think it will be more to do with the bailing out of UK banks.

ventureuk

mdean wrote: »

People so rich they can put more than £50k on deposit who are too greedy to follow the advice get all they deserve

You are either a fool or a child, I deal with people from all walks of life, former miners to CC judges and rest assured there are many people out there with 50k and more.

It's come from hard work, saving, thrift, inheritance, pensions and sometimes a little luck.

To suggest that people with more than 50k 'get all they deserve' is offensive on many levels and is surely born from your lack of life experience, people and finance.

So which is it, fool or child ?

pumpndump

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)....

The Diannification of this country in action. Any Australians reading that are going to be laughing up their bush hats. Talk about whingeing Poms...

Anyone who decided to invest in Ice-Save will have to stand by their decisions.

The poor taxpayer. We've got the bust British banks, two wars, the 2012 Olympics...and now we've got to bail out ruddy Iceland, too.

Why don't we go the whole hog, and bail out the USA?

If you have lost money through Ice-Save, you will just have to do what generations of people have done before you: pick yourself up of the floor and start again. I object to having to foot the bill for your lousy judgment, Iza2008.

sabretoothtigger

Anyone whose sold their house and is renting will have 50k most likely. 50k is a lifetimes saving of only 83 pounds a month

Hungerdunger

ventureuk wrote: »

To suggest that people with more than 50k 'get all they deserve' is offensive on many levels and is surely born from your lack of life experience, people and finance.

He didn't say that! Or rather he qualified it with "who are too greedy to follow the advice" [not to save more than £35k (now £50k) in any one institution].

Having said that, I do think he could have been much more diplomatic in his choice of words. Also it's not necessarily as straightforward as he thinks. When my wife and I sold our business some 18 months ago we had far more than the FSCS limit in the Nationwide for some time without thinking twice about it. I suspect many others were the same, and it was only with the collapse of Northern Rock that people finally realised that banks and building societies could fail. If someone put more than £50k in a fixed term bond with Icesave before this all blew up, I wouldn't class them as greedy or stupid at all - it just never occurred to people that their money might not be safe.

Captain_Mainwaring_2

sabretoothtigger wrote: »

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

He has NO power or connexions. A few bank charges back, a slot on morning TV, a website, and let's not forget the car sticker and you think he is some sort of expert?