Free handouts for the wealthy.

iamesbo

geysergeezer wrote: »

LMFAO perhaps the most naive and ridiculous statement i've read in this whole 'Iceland' debacle.

Perhaps the icing on the cake would be that the state welfare system be compromised in order to pay our compensation. Maybe dole scroungers actually made to work for their living?, or junkies go without their 'prescription' dope? Someone always has to pay, today it isn't Icelandic depositors and their hard-earned savings. If you don't like that, well so what?

Carry on living in cloud cuckoo-land if you like, yea make people work for their dole, gotta find the jobs first, and pay for their travel etc all for JSA, might as well be in prison and you can have the pleasure of paying £30,000 per annum for each.
Take away the drug perscriptions too, better sharpen up on your security though
and wear a stab proof vest when you are out and about and keep a gun a home
and hope you get the chance to use yours first.

Brave new world eh? With brains like yours about it's no wonder we are in this mess. Of course I presume you are in secure employment and won't be working for the dole yourself? Or maybe a wealth individual, a suitable target for he ruthless criminal gangs which will be running half the country.
No point in calling the police mate because they will be too scared to come out!!

Nick_C

v6g wrote: »

I repeat my challenge from this post - to anyone who can look up IceSave on the FSA Register (and it's still registered at the time of this posting) and find an explanation of "EEA Authorised" on the FSA register website.

http://feecalc.fsa.gov.uk/Help/FirmOptions.html

EEA Authorised

An incoming EEA (European Economic Area) firm which is conducting regulated activities in the UK under a BCD, IMD, ISD, UCITS Directive, third life directive and third non-life directive passport can either be:

* an EEA Branch - EEA firm authorised by its home state regulator but has a branch in the UK;
or
* an EEA Service - EEA firm authorised by its home regulator but operating on a cross-border services basis only.

Incoming EEA authorised firms are not required to participate in the FSCS in relation to their passported activities. As such they are not required to enter any FSCS tariff data or pay any FSCS levies unless they undertake insurance activities in the UK.

http://www.moneymadeclear.fsa.gov.uk/products/bank_accounts/bank_accounts_getting_help.html

Firms not based in the UK

By law, most financial services firms must get our authorisation before they can do business in the UK. Our Register has information on all authorised firms currently doing business in the UK. The Register includes firms that are UK authorised as well as those authorised in another European Economic Area (EEA) state that also conduct business in the UK.

If you are considering or currently doing business with a firm authorised in another EEA state you should ask for further information from the firm or its UK branch about its complaints and compensation arrangements. This is because the position may differ compared to a UK authorised firm.

If you do business with a UK branch of a bank authorised in another member state the compensation arrangements will not be the same as FSA-authorised banks based in the UK. The FSCS website has more information about this – see Related links.