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Building Societies - got nothing - now complaining
Milarky
Posts: 6,356 Forumite
..out of the FSCS, that is.
Fury as societies foot bill for Icelandic folly
In today's Guardian
Choice quote:
Fury as societies foot bill for Icelandic folly
In today's Guardian
Choice quote:
So the FSCS is 'clobbered' with the debt on which the government is charging interest as well[can anyone confirm if this is still '12%' interest as per the bank bail out money?]It's nice that people with accounts in Iceland got paid out their due but it is being made (in part) up by the BS movement. So if this leads to BS sector decline (and them all being sucked into Nationwide) that would be one of the uninteded consequences of Iceland's default, no?The government has made loans totalling almost £20bn to the Financial Services Compensation Scheme (FSCS) in recent months so it could make payouts to customers of Icesave and the like, and is charging interest on these.
.....under construction.... COVID is a [discontinued] scam
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