nilrems camp for the disappointed to seek solace!

Skieasy

suesie999 wrote: »

Just off to get the drinks ready...what does everyone want??

Please fill in your choice below:

1.White
2. Red
3. Hard stuff

p.s. Chameleon, I will keep yours on ICE till you get back!:cool:

Hard stuff for me please, still await 2nd email, make it a large one!

Off to the gym now to work off negative vibes.

PS I went to Moseley Hall (as was), straight from Cheadle Primary. Didn't do me a lot of good in the Icesave stakes though!

cosmetichamster

Veryunique wrote: »

While we are still compos mentis, perhaps we should reflect on what the latest FSCS figures really mean :

- by end of play today roughly 100,000 people will have received 2nd emails,i.e. less than half estimated number of savers

-onWednesday 75,000 people had received them, so 25,000 have gone out in the last 2 days (? 3)

- the total paid out has increased from 0.5 to 1 billion since Friday (although we didn't hear about it until Monday) plus an odd 133 million for fixed terms.

My take on this is that it will be another 2 weeks before everyone has 2nd email as 150,000 or so emails are pending as of now.

They are paying out about 0.5 billion/week but the number of recipients has shot up this week.

It begs the question: is the money being phased ?

Why are the FSCS obfuscating by not matching numbers of people to
amount of money/week ?

Thank you Veryunique, that was my gripe yesterday too! All these announcements have been pretty imprecise re. numbers and the rationale / true randomness of email distribution. I agree that it will take at least two weeks, and probably more, for everyone to receive their second mail.

casabiosca

KenC wrote: »

Now that is a tad unfair. When many of us fixed it was before there was any real possibility of an FSA regulated bank going tits up. There are also many for whom it is not practacle to split large sums into such small chunks.

Why cannot £300K be split into smaller chunks?
And I among many always ensured that I did not exceed £35K in accounts for the very reason that we do not know when things are about to go tits-up..

KenC_3

casabiosca wrote: »

Why cannot £300K be split into smaller chunks?
And I among many always ensured that I did not exceed £35K in accounts for the very reason that we do not know when things are about to go tits-up..

Because the £300k may already be a split from the overall amount. What woudl you do if you had say £5 million in cash?

cosmetichamster

Ok, so I nipped out to Waitrose just to stretch my legs and take my mind off it all. Came back, checked inbox, and nothing. So whoever got an email with today's 5 p.m. flurry, it sure wasn't me.

casabiosca

KenC wrote: »

Because the £300k may already be a split from the overall amount. What woudl you do if you had say £5 million in cash?

True.. I thought he wasn't unduly bothered by what seemed a potential devastating loss.
But re your other comment, assuming someone who WAS able to split below the FSCS limit over several institutions. Wasn't Northern Rock sufficient warning that banks can fail? Bradford & Bingley? Lehman?

~Chameleon~

Ha, I've just managed to escape driving duties so where's that wine???? :beer:

KenC_3

casabiosca wrote: »

True.. I thought he wasn't unduly bothered by what seemed a potential devastating loss.
But re your other comment, assuming someone who WAS able to split below the FSCS limit over several institutions. Wasn't Northern Rock sufficient warning that banks can fail? Bradford & Bingley? Lehman?

Some people fixed large amounts before any of these examples hapenned.

casabiosca

KenC wrote: »

Some people fixed large amounts before any of these examples hapenned.

I don't remember Icesave advertising fixed rate accounts before Northern Rock failed.

suesie999

~Chameleon~ wrote: »

Ha, I've just managed to escape driving duties so where's that wine???? :beer:

He you are :
:rotfl::rotfl: