Icesave isa is safe?

Aegis

alared wrote: »

If an Icelandic bank started to go under as in the case of NRock,do you think the Iceland government would prop it up with billions like our lot did?

I think they'd go one better and arrange a quick sale to one of its competitors to be honest with you. I don't think their government would waste any time in doing so, and believe that such a tactic would be infinitely better than what happened with Northern Rock. It would screw over the shareholders, but would very quickly hand over debts and credits to an organisation that could handle them without as much trouble.

I think not

---

get your money back to the UK,while there`s still time.
The big greedy hedge funds are trying to wreck the Iceland economy by spreading rumours simply to make even more money for doing very little.

Because the UK is such a stunning success story when it comes to handling banks in crisis?

defweb

took all my money (35k) out of ice save last week. for the sake of an extra 0.01% its just not worth the worry.

Meltdown_2

Aegis wrote: »

I think they'd go one better and arrange a quick sale to one of its competitors to be honest with you. I don't think their government would waste any time in doing so, and believe that such a tactic would be infinitely better than what happened with Northern Rock. It would screw over the shareholders, but would very quickly hand over debts and credits to an organisation that could handle them without as much trouble.

And the Icelandic government (or the FME/Central Bank?) wouldn't have to bother about keeping the EU Commission happy ...

Lavendyr

I'm not at all worried to have my money with Icesave. In fact I was a little reassured, even, to hear that a) the Icelandic compensation scheme consists of an actual 'pot' of money which is sitting there, ready for such an eventuality (as opposed to the UK scheme where the money would be 'called in' if needed), and b) the Nordic agreement is in place so that if Iceland could not afford to pay out, other countries would step in.

There is so much scaremongering about Icesave at the moment, and I don't honestly understand why - compared to a number of other banks that could be going through the mill (Kaupthing, anyone??), it's in a reasonable situation.

Killahertz

There seems to be an awful lot of new anti-Iceland posts (and threads). Is this genuine (if misplaced) concern, or hedge fund reps having a last ditch attempt before Geir Haarde gets busy?

Lavendyr

My bet's on the latter, which is causing the former.