No Solution on Iceland-Britain Banking Dispute

tpl288

http://www.guardian.co.uk/business/2008/oct/25/icesave-banking-savings

nilrem_2

JayTee99 wrote: »

But i do hope people will remember how they were treated by Iceland (or rather ignored), and when Iceland starts pushing the next 'super-extra-hi-interest' savings account, as no doubt they will, people will decline any such offers and not recommend them

I don't reckon they would get many savers even if they offered 20% interest and offered you a £1000 bonus after 6 months! :eek::rotfl:

It will take a lot of persuasion for me to save in a non UK bank in future if I am honest.

LesU

nilrem wrote: »

I don't reckon they would get many savers even if they offered 20% interest and offered you a £1000 bonus after 6 months! :eek::rotfl:

It will take a lot of persuasion for me to save in a non UK bank in future if I am honest.

The trouble is, what is a UK bank?
If it is defined as UK owned, that knocks out B&B, A&L,Cahoot, Abbey, KE, Egg etc

JayTee99_2

LesU wrote: »

The trouble is, what is a UK bank?
If it is defined as UK owned, that knocks out B&B, A&L,Cahoot, Abbey, KE, Egg etc

That's true, but the countries responsible for any compensation scheme will be known in each case.
It's up to individual savers to question and find that information,

after this Icelandic episode, might well be advised to do so

jm104

Hopefully the Guardian article (#212) tells the truth - I know I'm totally sick of the right wing press (husband gets Telegraph for the sports coverage!) which only seems to delight in spreading total doom and gloom!

JayTee99_2

yes, it's true alright, read Martin's threads here

http://forums.moneysavingexpert.com/showthread.html?t=1241791

http://forums.moneysavingexpert.com/showthread.html?t=1242337

cwcw

edwinac wrote: »

This crisis has Made in England stamped all over it. This is an operation to bolster London's hegemonic role in international finance. This is about crashing the banking systems of rival economic centers. In the case of Iceland, this plot, cooked up in London, has been successful. The Atlantic island teeters on the brink of an unprecedented sovereign default. To add insult to injury the fascist banksters from London have arrived like voyeurs at the scene of their crime, just as they did at Versailles in 1919. Back then they conjured up the "war guilt" clause of the Versailles Treaty. This was the pretext for bankrupting the German people, saddling them with billions of marks of unpayable usurious loans.

Plus ca change...



Today, the deposit-holders at the Icelandic banks are worthless pawns of the Anglo-Dutch imperial slime mold that runs the City of London from the shadows.

Sorry, but I have to disagree with the sentiment here. Iceland's banks, regulated by their own government's bodies, accepted the terms of the compensation schemes when they decided to start taking billions of pounds of deposits from UK and Dutch savers. They also chose not to subscribe to full FSCS protection, presumably for some short term benefit (passport scheme may have been a cheaper option?). They took on the risk and the legal bindings of EEA compensation rules. To turn around after things go wrong and say "it's unreasonable that you want us to pay back what we owe" is simply unacceptable. Both the UK and Dutch are offering to lend them the money they have defaulted on, so I don't think either is being unreasonable. They have made their bed, and now it's time to lie in it.

slipp_digby

edwinac wrote: »

This crisis has Made in England stamped all over it. This is an operation to bolster London's hegemonic role in international finance. This is about crashing the banking systems of rival economic centers. In the case of Iceland, this plot, cooked up in London, has been successful. The Atlantic island teeters on the brink of an unprecedented sovereign default. To add insult to injury the fascist banksters from London have arrived like voyeurs at the scene of their crime, just as they did at Versailles in 1919. Back then they conjured up the "war guilt" clause of the Versailles Treaty. This was the pretext for bankrupting the German people, saddling them with billions of marks of unpayable usurious loans.

Are you on ****ing glue, or what?

noh

slipp_digby wrote: »

Are you on ****ing glue, or what?

Makes you wonder doesn't it.
edwinac often posts articles from the Larouche Political Action Committee website http://www.larouchepac.com/world-news/view
Info on that organisation here
http://en.wikipedia.org/wiki/Lyndon_LaRouche
http://en.wikipedia.org/wiki/Political_views_of_Lyndon_LaRouche

Have a read of the website and decide for yourself whether they have any credibility.

Nigel

clarkkento

hooooo effing ray!!!

Lets hope this turns out to be a painless excercise.

feeling a bit better now!!