Martin Lewis roasted for giving "diabolical" advice on C4

queen_vi

martin is very good hes not god hes the same as the rest of us just trying to help people and i think he as done a very good job at helping thousands of people keep it up martin

trader_girl

are we sheep????? or do we have the power of independant thought?????

as humans we make our decisions based upon the information available to us from as many sources as possible, ideally. Martin Lewis is only one source of information.
Only one person can make the final decisiion on anything and that is yourself, therefore the people bleating on and blaming Martin for their decison making, should shut up and take the consequences for their own ultimate decision like the adults they are, and not sheep.

queen_vi

martin is very good hes not god hes the same as the rest of us just trying to help people and i think he as done a very good job at helping thousands of people keep it up martin

funkey_monkey

I am not going to defend Martin, that is not my place. However, as soon as the interview came on screen I could see what was happening. Putting a disabled man there who could hardly talk was playing the sympathy card to the max.
The fact he had >£50k in the account is not ML fault. The guy was an ex solicitor - he should be used to reading small print.

It was a blatant set up and worthy of a red top press.

I do think that many took the advice of ML on Icesave and banked with them. After all, many trusted his opinion as he was a regular face on TV and media - hence they might have took Icesave more at face value than they would have otherwise.

However, that is neither here nor there, I am talking about the underhand tactics of C4 in playing for the sympaty vote. I would have expected a better quality of journalism than this from them.

Just my 2p worth (as that is all I have access to at the minute)

curly_cabbage

queen_vi wrote: »

martin is very good hes not god hes the same as the rest of us just trying to help people and i think he as done a very good job at helping thousands of people keep it up martin

Here Here

CC

Optimist

sillystudent wrote: »

http://www.youtube.com/watch?v=rx-ySEKUURI

This was just on the tv where pretty much the presenter ripped into Martin Lewis and exposed his advice as a bit of a joke, and tbh I can't blaim him for having a go - I've got a couple hundred quid in Icesave myself that I'll probably need to get out in the near future, which I won't see for months now/if ever again!! :mad:


I kinda feel I should give him the benefit of the doubt, yet he didn't do any favours for himself today - his excuse was that if he had advised moneysavers to withdraw their cash, Icesave would have collapsed 'months ago.' Yeah right, Martin - delude yourself that you have that much influence over the banking system!

How is Martin going to sort out this mess? Because of him poor disabled pensioners like the guy in the interview have probably lost their hard-earned life savings!

All I can say in response to that especially your last sentence is that your username becomes you !

margaretclare

Of course the TV channel will find the most disabled person and the one who has invested the most. Emotion, that's what it's all about.

'Do your own research' remains the golden rule and Martin is in no way to blame.

I myself looked at those 'best buy' savings tables some while ago and I decided that 'if it looks too good to be true then it probably is'.

However, people who get paid for doing these things, finance officers from local authorities and those who advise them, also put money into Icesave and others! They are in duty bound, as the disabled man said, to get the best return on their deposits. If they didn't they could be in trouble for that. And I doubt whether those highly-paid financial executives took their advice from Martin's site. I think all this is emotive misinformation.

oxocubes

John Snow is an arrogant a******* with huge orange feet.

steveb147

sillystudent wrote: »

http://www.youtube.com/watch?v=rx-ySEKUURI

This was just on the tv where pretty much the presenter ripped into Martin Lewis and exposed his advice as a bit of a joke, and tbh I can't blaim him for having a go - I've got a couple hundred quid in Icesave myself that I'll probably need to get out in the near future, which I won't see for months now/if ever again!! :mad:


I kinda feel I should give him the benefit of the doubt, yet he didn't do any favours for himself today - his excuse was that if he had advised moneysavers to withdraw their cash, Icesave would have collapsed 'months ago.' Yeah right, Martin - delude yourself that you have that much influence over the banking system!

How is Martin going to sort out this mess? Because of him poor disabled pensioners like the guy in the interview have probably lost their hard-earned life savings!

I take it you aren't studying finance? Your username certainly becomes you. You WILL get all your money back as the government is guaranteeing the cash. Why should Martin sort it out:

a) he didn't force anyone to save with them and did put up plenty of caveats to Icelandic banks. He doesn't give advice, he reports on what offers are available, no more.
b) he isn't responsible for the regulation of banks from Iceland or any other country
c) it was YOUR choice to save with them. Take responsibility for your own actions.
d) the man on C4 news ignored Martin's sensible advice about deposit guarantees and went and put £150k in a single bank. He should now count himself lucky he is getting all the money back.

MrTGB

Seems like some people are just sheep, the same sort of people that drive down train tracks or into rivers as their sat nav told them to.

Then again on Feb 10th, the Times was advising against Icelandic Banks saying they were likely to go bust.

http://www.timesonline.co.uk/tol/money/savings/article3340734.ece