Kaupthing Edge blame UK savers for collapse

DX-SFX

Optimist wrote: »

When the Republic of Iceland ran into the greatest troubles in its young life (it gained independence in 1944) and asked for help, none of our so-called friends stood up. The people of Iceland are paralysed by the lack of help and the destructive attack by the British PM. Iceland is an active participant in European cooperation and a founding member of Nato, but in the end, it seems Russia is Iceland's only friend. Brown's insult to Iceland will be remembered long after this £100m debt has been repaid.

http://www.guardian.co.uk/commentisfree/2008/oct/13/iceland-banking

Actually, the Dutch are too. The Dutch government is lending them the money to pay back all the Dutch depositors.

With respect to the KE guy, he'd do better to look to the Icelandic government and his banking colleagues for the predicament they find themselves in rather than blame investors who so unreasonably consider retaining their cash more important than the continued existence of his precious bank.

Ivana_B_Rich

DX-SFX wrote: »

With respect to the KE guy, he'd do better to look to the Icelandic government and his banking colleagues for the predicament they find themselves in rather than blame investors who so unreasonably consider retaining their cash more important than the continued existence of his precious bank.

:T :T :T
Well said