NI Presbyterian mutual society, Short of funds for withdrawal?

freddiemae

From the Belfast Telegraph today "Brown urged to help PMS savers"

http://www.belfasttelegraph.co.uk/news/local-national/brown-urged-to-help-presbyterian-mutual-society-savers-14167986.html?r=RSS

crazymess

jon_groovy

I think we should have a lot more names by now on the Petition - there are approx. 300,000 presbyterians in the whole of Ireland!!!! Of course we do not know the number of written signatures yet!

Lets say approx half of all presbyterians in Ireland have been affected and are involved in this debacle, by way of congregational loans, congregational deposits, individual members' deposits and individual ministers' deposits.

Seems a bit strange the low numbers of support.

Nomad25

What a load of cr*p from Arlene Foster in today's Newsletter [freddieMae link], yet another authority weasel wriggling to get off the hook.

She said: "The crisis facing the Presbyterian Mutual Society was brought about as a direct consequence of the decisions taken by the Government.

I don't agree with this statement. Shift the blame why don't you Arlene?

and

When the chancellor guaranteed the customer savings of Financial Services Authority-regulated institutions like Northern Rock it placed a strain on the mutual society with many customers engaging in panic withdrawals of money.

yeah right - didn't see other [church or not, related] UK mutuals and unions having this problem.

Arnold_Don

Question to Minister Foster - Who was the regulatory authority responsible for monitoring the conduct of the Presbyterian Mutual Society up until it went into Administration on 18 November?

baby_boomer

What political pressure was applied and by whom to get this crazy NI exemption from protection for vulnerable credit unions?

Who is accountable for this? Unionist politicians?

Nomad25

Who is accountable for this?

Currently and at the crunch time - DETNI, which is why yer woman's wriggling and distancing herself.

fivealive_2

freddiemae wrote: »

Newsletter today
"Church must take moral responsibility"
http://www.newsletter.co.uk/news/Church-39must-take-moral-responsibility.4939790.jp

If anyone would like to email David McNarry MLA to thank him and encourage him (as I have just done) his email address is [EMAIL="David.McNarry@niassembly.gov.uk"]David.McNarry@niassembly.gov.uk[/EMAIL]
I am not a supporter of the UUP or of any other Political Party either, but I will give my support to whoever works on my behalf.
:T :T

ballyblack

And if you or YOUR FRIENDS haven't signed the petition here is another reminder;


http://petitions.number10.gov.uk/Save-the-Mutuals/

Please send this link to your friends

BelfastGran

I agree there should be many many more votes.

But just a thought:

Presbyterians living in the South of Ireland who are Irish Citizens cannot vote on line as it states you have to a British Citizen/ or Resident.

warmhands.coldheart

BelfastGran wrote: »

I agree there should be many many more votes.

But just a thought:

Presbyterians living in the South of Ireland who are Irish Citizens cannot vote on line as it states you have to a British Citizen/ or Resident.

What do you mean.. sure half of them have British Passports as well as Irish Passports:rotfl: :rotfl:

Before I get linched... I am only Joking!!