No Solution on Iceland-Britain Banking Dispute

baby_boomer

f_@_w_y wrote: »

Nuke these b***ards. :mad::mad::mad::mad::mad::mad::mad:

Extraordinary. You are getting your money back and you express yourself like this?

Which party would you have voted for in 1920s Germany if you had actually lost your savings in the 1923 inflation?

I don't think you need to answer that.

One thing that we have learned from the 1920s and 1930s is that aggressive economic nationalism leads to world depression.

Gordon has played with fire, for electoral reasons, but he is now sensible enough to retire having doused the blue touch paper.

nilrem_2

1echidna wrote: »

I can't help feel that if the UK was in Iceland position this is exactly how we would expect our PM to behave. For bankrupt (or effectively bankrupt) Iceland the priority is food, medicines, fuel and where possible to preserve the wealth creating parts of their economy. Selling overseas assets cannot be done instantly unless a substantial loss is incurred, it takes time. I think the UK gov't accepts this but is of course adopting a hard nosed attitude on behalf of the UK taxpayers. Surely par for the course on both sides given the situation.

Irrespective of Icelands problems I do not think that many of us who trusted Icesave with our precious savings would have done so if we thought our money would be stolen to help pay for all the stuff you list above.

I can only assume that they did not take any of your money otherwise you might not feel so benevolent towards them, however I am quite sure that the Icelandic PM would be more than happy to receive your savings too should you wish to contribute!

rchddap1

I've got no money missing. But for once (actually the first time) I agree with the government's 'harsh' actions. They are doing their job (for a change) and protecting the population of the UK. I have nothing against the icelandic people, but they'd do the same if the boot was on the other foot.

innovate

Well, I have stopped buying anything that it obviously sourced from Iceland (fish etc). I know if everyone did this, it would hurt Joe Bloggs (or whatever he is called in Iceland) but it makes me feel better.

Haarde has been making too many absolutely disgraceful statements about the savers and their money. The icelandic guarantee has been proven to be worth nothing, and I for one will in the future not touch anything that comes with any icelandic guarantee or assurance because there's a good chance it's a lie.

1echidna

Baggieboy wrote: »

Fair enough, but I can't remember telling them it was fine to use my money to do it with.

I too have money with Icesave but I don't remember being in a position to specify anything with regard to what they used it for, though I too trusted that they would be able to pay it back, with interest.

Tom_Jones

I don't care one iota about the people of Iceland, and personally I hope they are sufferring very harshly due to the action of their banks and government. The Icelandic government have taken 79k of my families money without my permission, if that's not stealing I don't know what is ? Sell all the assets our Govenment have seized and pay us NOW !!

JayTee99_2

Well, you really need to understand how this situation happened, this is no accident.

Haarde, before becoming PM, was finance minister from 1998 to 2005 so was directly responsible for the banks' rapid growth and expansion overseas.
Seems not unreasonable to expect him to take some responsibility for the situation.

Politicians are happy to take the credit in the good times but have to flail around looking for excuses when things turn nasty!
It's clearly in his interests to muddy the waters and try and cast some of the blame on UK govt, otherwise he probably wouldn't survive..

1echidna wrote: »

Selling overseas assets cannot be done instantly unless a substantial loss is incurred, it takes time. I think the UK gov't accepts this but is of course adopting a hard nosed attitude on behalf of the UK taxpayers.

Things do need to happen quickly! and if that means a fire-sale, then sobeit..


i believe UK govt have acted extremely quickly, and in UK taxpayers' interests (everyone else is secondary in this type of situation)

Until a deal is agreed to refund UK savers/taxpayers, then, sorry, but i'm not particularly interested in Iceland's problems.

.

cwcw

This latest news confirms my worst fears. I don't think we'll see our money back for years to be honest, if ever. The government have guaranteed it, but without specifying the "when", it could be a worthless guarantee. I don't think the FSCS will pay any compensation until Iceland agree their part of the deal, and for that I think we could be waiting a very, very long time.

1echidna

If the creditor was a UK mortgage holder (not Iceland) the courts would go to extraordinary limits too protect his interests from his creditors. He would not be expected to do without food, clothes, utilities and the necessities to carry out his employment. Are people really expecting Iceland to go back into the stone age as we as it were suck blood out of a stone. I am sure International Courts will, if the situation develops to that stage, balance the interests of both sides.

meanmachine_2

1echidna wrote: »

If the creditor was a UK mortgage holder (not Iceland) the courts would go to extraordinary limits too protect his interests from his creditors. He would not be expected to do without food, clothes, utilities and the necessities to carry out his employment. Are people really expecting Iceland to go back into the stone age as we as it were suck blood out of a stone. I am sure International Courts will, if the situation develops to that stage, balance the interests of both sides.

Dear god, are you on mogadon?!!!

This has to end within days, not weeks, or years.

Time to liquidate Iceland's assets and - I'm afraid - repatriate any Icelanders that are here.

As I say, this must end sooner rather than later.

Day of action looks guaranteed.

Now how are all the wet and wooly types on this site feeling with your "do nothing" appeals? Pathetic.

:mad: