ICESAVE- The end of the saga

bryanb

When Icesave went down the tubes I pledged that if i got my money back I'd vote labour. I got it back in spades, the FSCS continued to honour Icesave interest rates for fixed term accounts.
I still have a 3yr fixed earning +/- 7% so today is the day!

tonytsdiver

And as a way of drawing a line under the whole saga Iceland decided to scatter it's financial ashes over Europe.... nice.

Old_Wrinkly

Surely it wasn't just FSCS involved. Since amounts above the specified limit were protected, it was the British taxpayer paying as well. At least until the Iceland government decides to stump up ...

10_66

Ex Chief Exec of Kaupthing's in trouble.

Mids_Costcutter

Old_Wrinkly wrote: »

Surely it wasn't just FSCS involved. Since amounts above the specified limit were protected, it was the British taxpayer paying as well. At least until the Iceland government decides to stump up ...

Which is unlikely if they ask their people to decide via a referendum!

bryanb

Old_Wrinkly wrote: »

Surely it wasn't just FSCS involved. Since amounts above the specified limit were protected, it was the British taxpayer paying as well. At least until the Iceland government decides to stump up ...

Of course, that's why I vowed to vote Labour.

greyster

bryanb wrote: »

Of course, that's why I vowed to vote Labour.

I voted Labour for this reason also. I can thank them for over £10k refunded.