Notice To Martin On IceSave MD

ChloeRadshaw

Should nt we try to get this guy on telly and see what he was playing at - 2 days ago he said Icesave was safe and sound

Now we know that is simply not true!

Cant we get him to explain why he lied?

I d also like to know his career history - Does anyone know his name / address?

benjdr

and what will you do with his name and address?

slowepoke

Yes good point, who was this guy? Lets make sure he doesnt work again

climbgirl

I wonder if his actions were actually fraud and if he can be prosecuted by law for falsely representing a company's position only hours before its demise. False representation of their company's position was what the Enron guys were ultimately prosecuted for.

Ok, so he can't come out and say "it's all going down the toilet, get your money out now". But he could say nothing.

NumbersGuy_2

Here is Icesave's MD Mark Sismey-Durrant is in a BBC interview below saying how it was safe on Monday! (Audio)

http://news.bbc.co.uk/1/hi/programmes/moneybox/7652519.stm

GeorgeHowell

The people who did not see the Icesave debacle coming, and who have tried to blame Martin, or Gordon Brown, or anyone innocent, are frankly either too dense to have heeded the warnings from FSA earlier in the year, or too greedy to give up the unsustainably high interest rates.

climbgirl

http://news.bbc.co.uk/1/hi/programmes/moneybox/7652519.stm
Monday 6th October at 11.28 pm - unbelievable!

slowepoke

Here is his linked in page

http://www.linkedin.com/pub/0/173/a96

climbgirl

GeorgeHowell wrote: »

The people who did not see the Icesave debacle coming, and who have tried to blame Martin, or Gordon Brown, or anyone innocent, are frankly either too dense to have heeded the warnings from FSA earlier in the year, or too greedy to give up the unsustainably high interest rates.

I fall into the innocent category! I used to read the advice thoroughly but since starting a new job in March that has me working 14 hours days most days, I didn't keep up with things as well as I should have. A partner at my firm has money in there too, we were talking this morning and he said he simply doesn't have time to check these things constantly.

I don't blame anyone for not telling me to get out in time.

But I'd appreciate it if you stop pointing the finger at all of us. Yeah we might have missed the warnings, but that doesn't make us fools. And this constant blame game doesn't help anyone.

slowepoke

GeorgeHowell wrote: »

The people who did not see the Icesave debacle coming, and who have tried to blame Martin, or Gordon Brown, or anyone innocent, are frankly either too dense to have heeded the warnings from FSA earlier in the year, or too greedy to give up the unsustainably high interest rates.

we cant blame anyone but at the same time we should be protected by the UK government. This is not Zimbabwe or India is it?

GeorgeHowell

climbgirl wrote: »

I fall into the innocent category! I used to read the advice thoroughly but since starting a new job in March that has me working 14 hours days most days, I didn't keep up with things as well as I should have. A partner at my firm has money in there too, we were talking this morning and he said he simply doesn't have time to check these things constantly.

I don't blame anyone for not telling me to get out in time.

But I'd appreciate it if you stop pointing the finger at all of us. Yeah we might have missed the warnings, but that doesn't make us fools. And this constant blame game doesn't help anyone.

Sorry, but I thought the blame game was down to those trying to blame Martin (and yesterday Brown in case he didn't offer the guarantee). I am not blaming people for staying with Icesave, although they did not heed the fSA warning for whatever reason. They will get their money back, maybe with interest, maybe not. But they have had a lot of worry and angst and now may be faced with delays.

What I am saying is learn the lesson.

Anyone who stays with a foreign based bank now is asking for trouble. The higher interest rates may be attractive, and it may make some people feel like smart operators compared with the 'saddos' who rely on boring old places like Nationwide. But if it happens again who will be the real saddos ?