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Icesave savers rescue funds recovered
Archi_Bald
Posts: 9,681 Forumite
Tweet by George Osborne today:
Delighted that we’ve now recovered all £4.5bn of taxpayers' money used to support depositors when Icesave collapsed in 2008
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Comments
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Looks like great news. I have to admit I only know the headline issues here and don't have a full understanding, hope a good article comes out about this resolution.0
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There's a story in the Gurniad
http://www.theguardian.com/business/2016/jan/13/britain-has-been-fully-reimbursed-for-icesave-bank-collapse-iceland-says0 -
Prior to the collapse of these Icelandic banks, their interest rates were topping tables by some margin.
I like many asked about saving there. After 2 hours of DD and a few questions, I decided against it as risky. My greed didnt stretch that far.
Savers, councils etc are very very fortunate to get a bail out there. Who invested for the councils and why needs to be questioned as well as why councils are running massive saving surpluses and still charging full Council Tax.
Its good its happened and hopefully the matter is now closed."enough is a feast"...old Buddist proverb0 -
Did he give Gordon Brown the credit for freezing Landsbanki's assetsArchi_Bald wrote: »Tweet by George Osborne today:
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »Did he give Gordon Brown the credit for freezing Landsbanki's assets
Brown and Osborne two equally loathsome people when it comes to economics"enough is a feast"...old Buddist proverb0 -
I agree. I think both would try to claim they have got value for the taxpayer, and Iceland would say they have paid us back.Brown and Osborne two equally loathsome people when it comes to economics
So it would be interesting to read an independent account of this, I recall another Icelandic bank defaulting with over £7bn being talked about.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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