Icesave

[WYSINWYG]

http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.

wow, nice swerve !!

Bank still ok, just had their assets frozen, reduced state of liquidity.

[neeko]

http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.

wow, nice swerve !!

Bank still OK, just had their assets frozen, reduced state of liquidity.

Icesave's parent is "OK" in the sense that it is completely broke and incapable of paying back 100% of its deposits.

The UK govt has decided for some reason to "Well i think, cos the press releases make no sense" *but give tax payers money to people who invested in icesave (over and above the £50k ney £35k limit) because they were chasing the extra 0.2% in interest per Annam.

Now these "savers" were more interested in holding their capital rather than their high interest - if they really meant that, then they would not have invested in a bank that is sat on a rock in the middle of a few shoals of cod and some whales.

If a deal looks too good to be true - it probably is.


* but I know nothing - which actually is probably about 10% more then the uk treasury at the moment about what is going on in iceland

[WYSINWYG]

http://news.bbc.co.uk/1/hi/business/7656387.stm

Quite pleased i didn't invest.

wow, nice swerve !!

Bank still OK, just had their assets frozen, reduced state of liquidity.

Icesave's parent is "OK" in the sense that it is completely broke and incapable of paying back 100% of its deposits.

The UK govt has decided for some reason to "Well i think, cos the press releases make no sense" *but give tax payers money to people who invested in icesave (over and above the £50k ney £35k limit) because they were chasing the extra 0.2% in interest per Annam.

Now these "savers" were more interested in holding their capital rather than their high interest - if they really meant that, then they would not have invested in a bank that is sat on a rock in the middle of a few shoals of cod and some whales.

If a deal looks too good to be true - it probably is.


* but I know nothing - which actually is probably about 10% more then the uk treasury at the moment about what is going on in iceland

 

Do you think this will level the playing field a bit after the government demands more transparency and puts a block on crazy bank capital-gearing?

[neeko]

So now it appears that half of the local authorities in the UK have put there money in Icelandic banks.

Local Authorities do risk assessment forms for playing conkers in a school yard - I would love to see this form for investing millions in a tiny bank in the middle of the Atlantic. I hope someone uses the freedom of information act to have a look at it, and then publishes it.

Did they not learn anything from the BCCI problems when a council in the Scottish islands lost millions "investing" with them.

[neeko]

OK, I am making this my own thread but it would be funny if it was not so serious.

so the UK is using anti terror legistation against the county of iceland.

Iceland > al qaeda

Given that Al Qaeda is etherial and therefore untouchable, we are beatng up Iceland.

Yeah us, bullying FTW.

[WYSINWYG]

OK, I am making this my own thread but it would be funny if it was not so serious.

so the UK is using anti terror legistation against the county of iceland.

Iceland > al qaeda

Given that Al Qaeda is etherial and therefore untouchable, we are beatng up Iceland.

Yeah us, bullying FTW.

Hello and welcome to Bangkok equals:



"Hello you're a bunch of terrorists give us back our money" equals...


Imagine you're a big Icelandic company. UK trade officials visit you and beg you on their knees to open up in the UK, with a tax break. You invest 100 M EUR in the UK. Then a banking squabble erupts between UK and Iceland, so they freeze your assets, crippling your firm. I'd be p!ssed off.

[Dingdell]

I recommend BCCI for all your banking needs.

[kinboshi]

It all went down hill when Kerry Katona was brought in.

Good work on the Icesave-avoidance thought guys, missed a bad beat there.