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Martin Lewis apologies thread
Comments
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I think this is rather off the point but just for the record can we get away from any idea that no profit is involved.
This site is now worth millions even though most of the content is written by the users and the mailing list with millions of email addreesses is probably worth as much. The person who runs it now has a lucrative TV career as a result. Good luck to him, it was a great business idea, but let's not pretend that there is not a great deal of financial reward.
The site is worth millions? ...........its only worth what anyone would be willing to pay for it surely0 -
Ohh .. its worth millions without doubt (IMHO)Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0
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I'm immediately linking this frankly libellous post from edwinac
You are obsessed with censorship to stifle debate!
It is barely a week ago that you were openly boasting that the poster "JP-01" had been driven from this forum.
"JP-01", you doubtless remember, was another poster giving stark and timely warnings that the Icelandic banks were at imminent risk of collapse.
You did nothing but scoff, snigger and jeer at that poor man!
But now look what has happened.
Former Icesavers are in for a long wait for their cash...
If only people had listened to "JP-01" and not you, and had bailed out early.
I stand by everything I said. And I note there are others who articulate far better that me who post in full agreement that your behaviour has been reprehensible:
If anybody needs reporting it is you isofa.
It is not how much money is lost it is how you went about things.
You wanted to withdraw your money but since you could not you advised other people to invest in icesave thinking it would prop up the bank and protect your savings.
If anybody has any issues with this post please read all of isofa previous post with regard to icesave and compare them with what he said in his most recent one:
I would have withdrawn a long time ago after the travel firm collapsed, but it's fixed and untouchable
You were worried sick about your own money in Icesave, but, neverthless, you saw fit to lure others into sinking their own cash into the failing bank, too.
That's not very nice!
Incidentally, on an obscure legal note: you do know it is libellous to falsely accuse another of, erm, libel?!"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0 -
Well, as has been said already, I firmly believe that we should all take responsibility for our own actions. Websites such as this one are an aid in that decision making process. They often gather together much information on that big wide web into a single place. Personally I read and assimilate that information and then make MY OWN decision. And so accept any consequences for less than optimal decisions that I MAKE.0
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edwin - when you actually contribute something to this forum then you can accuse people. until then, !!!!!! off.
isofa spends a lot of his (his??) time on this forum helping others understand. As I do, as Milarky, as dunstonh as others do as well.
Yet you, come on here, with f all contribution to start having a go at what someone has suggested? Get a life.
Until you're actually a regular contributor keep your mouth shut. Simple as.
Now I'm off to play football. Goodbye!
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Well, as has been said already, I firmly believe that we should all take responsibility for our own actions. Websites such as this one are an aid in that decision making process. They often gather together much information on that big wide web into a single place. Personally I read and assimilate that information and then make MY OWN decision. And so accept any consequences for less than optimal decisions that I MAKE.
As stated above. A lot of us users try to help people understand about ISAs, Investments, Savings etc. and I assume you appreciate our efforts. Yet people like edwin just come along to have a go at people! Its pathetic!0 -
I am a complete money saving dunce.
However, following the sale of my house and given that I have a large amount of capital to invest, I turned to this website for guidance on how to invest my money.
Until a few weeks ago, I had no idea of compensation schemes or maximum guaranteed amounts.
After a couple of hours of reading the main site, I was aware of ISA's and savings accounts. I was also aware that £35,000 was the maximum to invest anywhere (I know this has recently changed).
I was also aware that Icesave was a best buy given it's competitive interest rates. However, I was fully aware that they had a differing compensation scheme and the first lump sum of invested money would have to be claimed from the icelandic economy.
I have since opened an account with KE as the compensation scheme of Icesave made me edgy. I have yet to deposit my money but will be in a position to do so next week. Still slightly edgy about KE and weighing up my options here carefully.
What I want to say is Thank You to Martin. If I am able to understand all of the above in a matter of 2 hours, then anybody can. The details were as plain as the nose on my face.
People want someone to blame in these situations but you need to look beyond the advice given on this site. This site gave the facts for all to understand.
JMO0 -
Although the thread was started with the best intentions its really not helping anyone to have these continuing arguments, please read FM's thread here...
http://forums.moneysavingexpert.com/showthread.html?t=12063970 -
At the end of the day whether you decide to invest in savings with Icelandic banks or the bank of Toytown the ultimate decision is yours, you have the choice to put money there or not, no-one forced you or anyone else to bank with them. I for one am getting frustrated at your continual attacks on this forum member.Liquidity is when you look at your investment portfolio and **** your pants0
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edwin - when you actually contribute something to this forum then you can accuse people. until then, !!!!!! off.
Well, my posting record, albeit a somewhat shorter record than yours, will be judged, I hope, on its quality rather than its quantity.
I feel vindicated that my repeated warnings over the past few weeks that Icesave was about to blow, have been proved correct. For the sake of all the savers, I'm obviously sorry that has happened, but hope some people did heed those warnings.
In virtually everything I have said, I provided at least one source from the financial press -- literally dozens of articles on the Icelandic crisis alone.
Now tell us, what useful insights have you actually posted, "Lokolo" ?
Oh yes, this...Lokolo wrote:!!!!!! off.
I rest my case."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0
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