Martin Lewis roasted for giving "diabolical" advice on C4

GeorgeHowell

Martin_Discredited wrote: »

You disprove your own point! If it was an idiotic thing to do then why was there advice on this website telling people that it was the best place for their money??

You have implicitly just called Martin an Idiot! So you agree with me - good :T :j

Twisting words I'm afraid. My post clearly states that I do not deem 'idiotic' to have saved with Icesave in the first place. But to have been unaware of, or ignored all the warnings, and then apparently taken the alleged advice of just one website (ignoring caveats) as the be all and end all, and then having the temerity to blame the owner of the website concerned-- that's idiotic. I also take notice of what Martin Lewis says, among others, but my risk in Icesave is £1 because I took all the rest out.

If it was so impossible to know that getting out of Icesave around last March was the best thing to do, then how come some of us did it ?

ThrobsBlackHat

It feels very odd and far too coincidental that several new users have popped into existence in the last few days with only one aim.

Even the login name shows the purpose of registering in some cases.

I think the discussion / debate has been quite sensible and positive so far, except when people are quite obviously looking for a reaction, which they have got.

TotallyBrassic

Martin was stitched up good and proper by channel 4. Jon Snow should be ashamed of himself...Martin did look upset, never got a chance to properly answer the questions...or should I say bombardment of accusations
I felt bad for him, any adult ultimately makes their own decisions...it is in no way Martin Lewis's fault that Iceland has effectively gone bankrupt...
everyone loves the good times, but goodness me all quick to point the finger and heckle when it goes t**s up,

GeorgeHowell

Jon Snow is a sanctimonious a******* at the best of times.

We have a government that has totally failed to regulate the banking system for the last eleven years. We have a banking system that is full of arrogant, greedy, irresponsible, short-termist, self-servers. We have a p***poitcal little country that has conned the UK and others into believing that it could safely handle large amounts of savers deposits, and which has now reneged on it. We have credit rating agencies that were still giving the liies of Lansbanki the nod of approval as recently as September 30th. And all Channel 4 News can do is try to pin blame on a little guy who does his best to convey general financial information and advice in a way that the sweaty masses can understand.

Pathetic.

maypole

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!

That particular "poor disabled pensioner" on channel 4 was in fact a retired solicitor,who apparently had never heard of the MSE site, so he could hardly blame ML for putting his cash into Icesave. I assume this person is quite intelligent and therefore should have been aware of putting £150000 into one bank.

Thinker

I defended Martin earlier in the week. My view has not broadly changed. However, once KE went down things became very personal for me. Upon reflection I see that the Martin was correct in all the advice and information he gave - there is no doubt. However, on KE he missed a legal eventuallity Yes, your money is FSCS guateeed BUT if the bank were to sell or transfer assets this would become worthless if that insitution lies outside the UK. I was convinced that the FSCS guarentee would be honoured despite the move to ING - I was wrong and this is a legal matter. My advice to Martin, with respect, would be to have the 'what ifs' checked out by a coporate lawer before despensing your advice. Not enough homework done on this occasion by Martin I'm affraid. Plenty done by me but to no avail. Good luck all

RealityCheck_2

ThrobsBlackHat wrote: »

It feels very odd and far too coincidental that several new users have popped into existence in the last few days with only one aim.

Even the login name shows the purpose of registering in some cases.

I think the discussion / debate has been quite sensible and positive so far, except when people are quite obviously looking for a reaction, which they have got.

No conspiracy theory is going to give what you say, or any of the other mudslingers any more credibility.

Other people can have their views without some nasty minority attempting to shout them down with ignorance and insults.

You may feel that you have a worthy cause defending MSE and ML to the death, but you need to accept that others may have views contrary to yours and theres a difference between making your point veciforously and just being down right rude and ignorant.

There is a backlash against ML, surely you can't be blind to that? All these people have taken what ML says as a recommendation. His own use of language, the way producers have presented him on television and the persona he has carved out for himself have led to this. There is clearly a retraction from this position now, so lets see how he portrays himself going forward.

Martin_Discredited

GeorgeHowell wrote: »

Twisting words I'm afraid. My post clearly states that I do not deem 'idiotic' to have saved with Icesave in the first place. But to have been unaware of, or ignored all the warnings, and then apparently taken the alleged advice of just one website (ignoring caveats) as the be all and end all, and then having the temerity to blame the owner of the website concerned-- that's idiotic. I also take notice of what Martin Lewis says, among others, but my risk in Icesave is £1 because I took all the rest out.

If it was so impossible to know that getting out of Icesave around last March was the best thing to do, then how come some of us did it ?

Icelandic banks did not make front page news until late last week. No matter which way you say it, you are saying that Martin Lewis's advice should not be trusted. If all of his advice needs to be checked out on several other sites then I don't see how he can keep the "Expert" tag. If this is the case then he is no better than a price comparison site. The whole reason I use this site is because I rely on it to be much more than a comparision website and I'm sure if you asked Martin he would tell you that it was always his aim.

ThrobsBlackHat

Shout who down?

Ah yes - good one. Anyone can say what they want against Martin Lewis but when other people challenge it they are being nasty big bullies picking on people?

Rubbish - I don't buy it for a second. This board has been littered with wild accusations made against MSE and Martin.

There have been lots of good points raised on both sides of the discussion, but there are people here to purposefully kick off arguments and they have invoked a reaction.

Who has been "down right rude"? The poster who got banned for calling Martin the "C" word this afternoon?

Stavros_3

RealityCheck wrote: »

Other people can have their views without some nasty minority attempting to shout them down with ignorance and insults.
Sorry, but you and the handful of 'recent' registrations are the nasty minority

There is a backlash against ML, surely you can't be blind to that?
Yes there is, all caused by the recent board invasion of a handful of nasty little little trolls such as yourself

You are becoming tiresome now. Don't you have an actionman to play with