brown

Letter to Danny Alexander, Chief Secretary to the Treasury

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Here follows a copy of the letter that I posted by courier to Danny Alexander two days ago.

The ballpark: Regulatory failure. A stencil-----

Posted 07/11/2009 - 04:03 by follow_the_tao

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This is just a taster of the criticism coming out of the USA ( it doesn't come from Goldman or the FED (Gavin might like to note this:

Just read it and chase it up, it might be useful.

Remember Merkel put EU in a spin with 100% German deposit guarantee? This was EU mtg 4th Oct before Merkel said anything.

Posted 29/11/2008 - 12:45 by romasanta

2008-10-05 22

EU leaders Meeting in Paris on Saturday (4 October)

European governments should avoid taking action that could have an "undesirable impact" on rival banks in other countries, the 'Big Four' stressed in a joint statementPdf external , adding that the frantic case-by-case approach pursued so far was not helping to restore confidence in the increasingly agitated banking sector.

I remember the chaos & confusion resulting from Merkel's 100% guarantee - which is what prompted me to attempt a transfer from KSFIOM on the 6th Oct. Darling & Brown must have been plotting the downfall of Landsbanki and Kaupthing at this time.
Having said all this and made the posting, I don't know if it can be useful to us. If someone finds something really tangible, please let me know.

Also reference to ECOFIN transparency - don't know if this is useful

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IoM supports 'understandable' review of Crown Dependencies

Posted 28/11/2008 - 17:40 by romasanta

2008-11-27 23

Friday 28th November 2008: 16:00
By Sarah Griffiths
The Isle of Man's Chief Minister Tony Brown has welcomed the ‘unsurprising' review of Britain's Crown Dependencies and Overseas Territories announced in the Pre-Budget Report.

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Three-legged scape goat

Posted 27/11/2008 - 13:04 by steveejeb

2008-11-27 (All day)

IoM Today reports: THE UK Government is orchestrating a campaign to make the Isle of Man the scapegoat for the Kaupthing banking crisis. That was the claim by Treasury Minister Allan Bell as UK prime minister Gordon Brown repeated his chancellor’s warning over the need to look again at the relationship between Britain and the Isle of Man.
Earlier this month, a high-ranking delegation from the Island returned reassured from a meeting in London after Lord Chancellor Jack Straw insisted there were no plans to change our constitutional relationship.

But in an interview on BBC’s Politics Show on Sunday, the UK Prime Minister set alarm bells ringing again.

Asked what could be done to help British people who could have lost all their life savings after putting their money into Icelandic owned banks in the Isle of Man, Gordon Brown replied: ‘I have had a number of people write to me about this and I’m obviously very concerned about this because the Isle of Man is not within our jurisdiction for regulation.

‘We have guaranteed the savings of people in, in British banks in a number of cases, even though they were owned by Icelandic banks themselves.

‘This is now a matter that the international authorities are dealing with. We are talking to the International Monetary Fund, who’ve had a deal with Iceland, about the repayment of debts that these banks have entered in to.’

He added: ‘This is something that we’ll have to pursue internationally and I think we may have to look again at the relationship between the Isle of Man and Britain in this respect.’

Treasury Minister Mr Bell said: ‘This is quite clear this is an orchestrated campaign by the UK.

‘Mr Brown’s language exactly mirrors that used by the Chancellor (Alistair Darling). It is quite clear this is an orchestrated response to the situation that they find themselves in over Kaupthing. They want a scapegoat. There is no doubt in my mind at all.’

A government spokesman said: ‘We are following up the Prime Minister’s brief comments on the Politics Show on Sunday about the relationship between the IoM and Britain, made in the context of bank depositor protection.

‘Earlier this month the UK Lord Chancellor Jack Straw stated there would be no review of our constitutional relationship.
‘As to regulatory matters, the Isle of Man has actively engaged in past reviews such as the Edwards Review, assessments by the IMF and most recently, the UK House of Commons Treasury Committee.

‘Similarly, the Isle of Man will welcome any review proposed by Gordon Brown as it would provide another opportunity to show that the Island is well-regulated and internationally responsible.’

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Three-legged scape goat?

Posted 27/11/2008 - 12:35 by steveejeb

2008-11-27 (All day)

IoM Today reports: THE UK Government is orchestrating a campaign to make the Isle of Man the scapegoat for the Kaupthing banking crisis. That was the claim by Treasury Minister Allan Bell as UK prime minister Gordon Brown repeated his chancellor’s warning over the need to look again at the relationship between Britain and the Isle of Man.
Earlier this month, a high-ranking delegation from the Island returned reassured from a meeting in London after Lord Chancellor Jack Straw insisted there were no plans to change our constitutional relationship.

But in an interview on BBC’s Politics Show on Sunday, the UK Prime Minister set alarm bells ringing again.............

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Gordon Brown Killed Iceland

Posted 21/10/2008 - 05:29 by Anonymous

2008-10-16 (All day)
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