ICESAVE- read between the lines

OOPS · 7 October 2008 at 11:10PM

' what people should be asking is why the Fscs EXPECT icesave to be liquidated...........EXPECT reads ' know ' to me.........it wasa contraditory to say the least earlier today when they stated this when Iceland was saying Icesaves 'forzen ' But NOT liquidated.......

Didnt alistair d say alot about icesave today ? no

exactly as he knows it wont help his big plan tommorrow........Its terrible when these people know whats going to happen to your savings accept you.........they all know whats coming next accept us.Darling a nd brown have already made agreement with iceland......discussed it , madea decision whether to use us as Icelands Liquidity or help us , protect us.No , tahts whats sad - they way these people treat other humans.

THE FSCS ............

The fscs has positioned itself well and now 'HAPPENED ' to mentioned its a ' top up scheme for Icesave ' so full fscs protection to £50,000 is a lie......this is being played out by these people well . . . and the Fscs making the information known today suggests its getting ready to ' protect ' itself from £50,000 claims or anything less than icelands share......Iceland is using Icesaves deposits quite literally to keep the country afloat.......Icesave is 'Frozen ' ........weve all bought shares in iceland.......hooray and the Fscs knows the exact day icesave will be liquidated if it is , it knows what figure it will pay upto........

And in number 10......

who cares about the 200,000 worrying people says brown ( will we lose votes ? - no peter M says as he can ' black magic the peasants into voting labour ' by simply smirking ? no one in control cares - they mislead , lie and control.....Learn from this and never trust a bank or politician again and be aware that FSCS know exactly whats coming next ! and like everyone else will protect their assets . . .its sick how they treat people

but on a brighter note !

were all going to die someday so who cares REALLY - go for a walk - breath in the air - look at the stars and smile ......your free in a sense .........all that savings is a weight.It FEELS safe ? make you feel safe from what ? from the innevitable.........saving is cool and prudent but whats more important is being honest and sharing.

Dont trust these people but trust that they know exactly what they will feed you next.What THEY want..........

Expect

MAx £50,000 - £100,000 for joint accounts.

Possibly MAx £36,000 as a 'top up' if you have more than 18,000 euro ( fscs ' new ' policy ' announcment.

Possibly to lose the lot if you have less than 18,000 euro ( your the weakest link as they see it and lose the least.....its better news a few isas get lost than loads of pensions and lifetimes savings !

Possibly to get the 18,ooo euro in icelandic fish guts ( called Krona )

We all hope for £50,000 with a week to 3 months

and that even the uk bank will protect Bigger savers with much more but dont hope to get any clarity from the people who know whats going and read betwen the lines !......everyone knows whats happening ( everyone in power ) but they wont tell you - the hamsters on the wheel - until it suits them.

To finish off dont rule out Icesave being bought out !
Dont rule out it being nationlised or Norway etc bailing it out
There is talk of another bank buying it i hear ? ( lets face it it has shitloads of our money ! but they have been using icesave to balance the sheets at its poarent bank )

Dont rule out Icesave ibeing frozen for 3 months and then opened again ( when the worlds back to normal and were all living happily ever after) and icesave have asets again.

But dont rule out liquidation tommorow !

No fear - stop worrying - were all going to die someday !

nicholbb · 7 October 2008 at 11:20PM

The reason the FSCS is saying that it expects is because that's what the rest of the world thinks but there is no guarantee this will happen, unlike UK banks the FSCS and the FSA have no power to force them into liquidation so they can only prepare. Also what makes you think the Icelandic government has time to chat?

BTW because you're paranoid enough just thought I'd add to it: Until the bank is liquidated the FSCS and EU/Icelandic compensation schemes are not triggered, so if Iceland government wanted to be really nasty they could keep the bank in the current situation and as savers have not actually lost savings (just unable to access them) you would never receive a penny unless you took the government to court.

Swipe · 7 October 2008 at 11:21PM

I'm sure it was also arranged with the Iceland PM that they should wait an extra day to freeze the bank so that the £50k limit would be ready. In fact, I'm sure the UK Govt knew exactly what was on the cards and this was the primary reason the limit was suddenly upped to £50k out of the blue.