Actions taken or being taken

  • Anonymous
  • unspecified
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Posted: Fri, 10/10/2008 - 04:35

If you are contacting someone, be it media or other, and you feel it might benefit others on the site, please give the details.

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Mat, BBlair, Expat - in flight monies

  • Andy Ish
  • 10/10/08 31/05/09
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  • Mon, 13/10/2008 - 14:43

Thanks Shirley and well done
I am in the same boat! Thanks for the update. I have little hope since I am completely broke!


I got through to Gina on +44

  • sad
  • 10/10/08 31/10/09
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  • Mon, 13/10/2008 - 14:56

I got through to Gina on +44 1624 699340 first time!! I was told exactly the same....they confirmed the money is stuck in London, not sure if it will go forward or back. She did confirm the 50k per person compensation. Does anyone else think its odd that the staff are at the bank and is the interest i will never see from my account paying their wages!!!!


I got through to Gina on +44

  • Andy Ish
  • 10/10/08 31/05/09
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  • Mon, 13/10/2008 - 15:10

Helena that is expected. Mr Simpson can not trace anything without using some of the staff. Additionally they where on notice pay anyway till the 24th if I remember correctly. Its the PWC charges that I am worried about with inflight funds its an additional bonus if its returned. From what I heard they get a % of the recovered funds! I also know from experience they are one of the most expensive out there! But there is no choice in the matter unfortunately. I feel the same too.


We are lacking direction

  • Monkeyface3604
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 14:12

We have done extremely well to get this up and running so far but i fear today we are really starting to lack direction.
I work for the police in missing persons, we have a computer system whereby we can create tasks and then assign them to people to action/resove
This sort of system would be brilliant if we could incorporate it here so that we know where we are with each enquiry (im not very IT literate so not sure how realistic this is)
If MatWalker or NG want to contact me to discuss then i am more than happy.

I do think we need to approach the U.K. goverment to:
1. Confirm they are aware of our plight and are representing us in the Icelandic talks
2. To acknowledge they are aware that IOM funds are caught up in the U.K. as a result of the goverment freezing Kauthing U.K.

We also need to sort out someone for this channel 4 interview (see my previous post) This is a valuable opportunity if managed well


MONKEYFACE - agreed. We need

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
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  • Mon, 13/10/2008 - 14:38

MONKEYFACE - agreed. We need to fill the following roles and a second to cover anything or back up correspondence for the primary role:

Senior Spokesperson: - IoM based - sug. EXPAT
Liaison to PCW: - BBLAIR? plus a second
Liaison to IoM Gov: - needs to be IoM based - vikingraider are you there? plus second
Liaison to Icelandic counterpart (not sure what body?) : primary plus a second
Liaison to Media: - yourself plus second
Individual responsible for updating the latest news: (we are getting postings constantly but I think some of us are seeing them late and going back over old conclusions weighting the site down)

tubefly, occams raxor, mike, mat, cold dose, jenren are names that spring up with me but can people start coming forward for these roles? I worry we are not getting ourselves structured quick enough while Rome burns.


Channel 4 news calling for on camera interviews

  • lesleys
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 14:04

I have just had contact with Nick Martin on Channel 4 news. He has been given the assignment of pulling together a story and is looking for people willing to do on screen interviews. He has heard from numerous of people but not many willing to do interviews on camera. I have volunteered but one person from Connecticut in the US is not what he needs! Is there anyone else willing to step up...the opportunity is a 6 to 8 minute piece on a news programcovering maybe 20 individual stories.

Should this be something handled via our spokesperson though?

Thoughts?

His contact info;
Mobile: 0044 7920 862066
Land: 00441618356173


Channel 4 news

  • Monkeyface3604
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 13:44

Hi Evereyone

If you have seen the forum entitled channle 4 news, i have been in contact with Nick Martin the reported. I originally set it up for him to go and see Poorpoppy in France and get her story, this has unfortunately fell through.
We now need to get someone else as this is too big an opportunity to miss but we only have a short time before it becomes history. Anyone who thinks their story will be suitable e mail me and we can sort something out. We need vulnerable (retired, supporting disabled child or family member, tec) who has lost everything, preferably in UK, must be over 50K as he has pointed out depositors scheme covers below this.
People please dont expect someone else to do this, if you are suitable put yourself forward or we may loose a valuable chance to be heard


Funding

  • tubefly
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 12:49

NG,

I assume you have a direct line to some of the key players here. If so lets nominate - rather than vote - an IOM resident as the Treasurer and put onto the site the name of an account that he/she opens on the Island. We can then start sending funds (as well as any sympathetic none-depositors who visit the site) and the nominated person can keep records of the funds and disperse as required. Reason for a IOM resident is that our spokesfolks may be transient but the IOM is not. If I am not mistaken Viking Raider is an IOM person - interested - we need an accocunt name.

We need to move faster folks on some of these issues - we are becoming bogged down with protocol.

Similarly I mentioned earlier - it is time to come out of the clossit - lets get a listing of who/where we are and what we have lost - otherwise we will continue to talk in vaguearies. Nominate someone as the record keeper and lets email that person our details and a scan of a ballance from KSF as proof of being a depositor.


Tubefly - I agree with you

  • Podcar
  • 13/10/08 n/a (free)
  • a depositor
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  • Mon, 13/10/2008 - 13:36

You're right that we're getting bogged down in protocol - time is really of the essence here because the situation is so fluid and dynamic that plan B can be overtaken by plan C before we're even aware there was a plan A.

I'm not sure that a record keeper, treasurer or spokesperson needs to have the fine details of everyone's account. A financial loss is meangingful to the person who's losing the money regardless of whether it's 50K or 1000K. The point is that there should be an IOM resident who is willing to represent us.

There is one point which I feel quite strongly about - and I've come across it in these and other boards: I invested my money in Derbyshire Offshire, not Kaupthing, Singer and Friedlander. Now it's all gone sour, shouldn't Derbyshire Building Society have a feeling of obligation to its erstwhile customers? I've tried to find the address of Graham Picken who is the current CEO - if anyone else feels that Derbyshire should be trying to pick up the pieces, perhaps a joint letter could be written to Picken.


TUBEFLY - Agree. we are not

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
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  • Mon, 13/10/2008 - 13:02

TUBEFLY - Agree. we are not moving fast enough. Happy to come out of the clossit also. I feel we are missing opportunities today, partly due to server speed. NG did you get my post about that?


Funding and Todays Action

  • 491
  • 11/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 10:39

FUNDING:
There seems to a general interest to contributing to the out-of-pocket expense of those in IOM who are going to bat for us. That’s excellent. I’d like to suggest we set up a separate thread to facilitate this funding. NG? Matt? If our people in IOM are agreeable, I’d also suggest that we post a banner at the top of this website with a call for funds and payment mechanisms once this has been worked out. Ng? Matt?

IN THE MEANTIME:
Can I suggest that we focus this thread today on the Short Term Action plan that I’ve called for earlier today (see Spokesperson / Action Today, 11:38 below). Agree / disagree? Comments? Enhancements? If I’m off the mark, please let me know.

For Expat / other in IOM: Is this a reasonable short term plan? Would you be prepared to run with it for a few days?

Blair


Blair - Just Do It!

  • tubefly
  • 10/10/08 31/05/09
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  • Mon, 13/10/2008 - 14:00

Blair - I have seen no one posting an against or an improvement - lets move forward.


I see we now have a new

  • go mann
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:20

I see we now have a new thread [with one post] called "Expenses".

Can we get posts on that subject migrated there for clarity? Or vice-versa!


Expenses / Assistance

  • podather
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:10

Hi, I am more than happy to contribute to the support fund for Expat also.
I live in Bolton and can get to the IOM within a few hours without to much problem.
Though I have no specific financial or legal expertise, I am educated, articulate and have spent a successful career in negotiation and presentation . I have been following developments from the beginning and was one of the first members on this site and would be happy to assist in anyway possible.
I stand to loose £300,000 of my hard earned and deny my children the brighter future I always promised them if we are not successful in achieving our objectives.
Prepared to put the rest of my life on hold for this cause if required

Thanks


Expenses/Assistance

  • Mrs Not Too Happy
  • 12/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 11:00

Snap,

I'm in exactly same position as podather with exactly same amount and I agree with every comment made.

If it's of any interest I'm an accountant and if I can help the cause in any way I would be happy to do so.

Just let me know !


Ray

  • Ray
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:21

Agree with podfather. I am ex-owner of medium-sized business. Could
be in IOM tomorrow, if that would help.


Anyone in yorkshire watch

  • jenren
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 09:54

Anyone in yorkshire watch Calendar tonight. I should be on, going for an interview now. As I have said previously, i will not claim to be an expert in politics or the legal side of things, i just want to tell my mothers story, she is currently homeless as the money from the sale of her house was in KSF.

Well done poorerpoppy for talking to C4, lets hope it goes ahead. I have hope that something can be done, lets hope we can get some acknowledgment from the big wigs. I am sure we will have some answers soon.


Spokesperson / Action Today.

  • 491
  • 11/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 09:38

I’d like to suggest a short term plan (3 days) for an “ad hoc” spokesperson team. Why? Because the situation is very fluid and changing every day. It’s important before things become too settled (possibly against our interests) that we get information and ensure representation. These (IMHO) are the first important steps to achieving 100% recovery. Everything else – or just about – can wait. (We can worry about democratic election of an official long term spokesperson and his/her team next week when we see how things lay and who can be permanently encamped in IOM). So I propose the following.

Short Term Objectives (3 days)


  1. Get Current Status Update from IOM Govt and PWC.
    Because if we are informed we can make better decisions as a group and right now there is very little on-the-record information. We can draft questions for this later today.

  2. Ensure Representation.
    There are political talks between Iceland and UK – and the first assurance we need is that the IOM Chief Minister’s request for UK representation of our interests at these talks has been officially accepted. I’m not hearing it and until I do I will assume the opposite. If it is confirmed that UK govt is in there only for its own interests then I suggest that Tony Brown get on a plane to Reykjavik…pronto. And I think this group can do much to influence that flight. But lets find out first… officially.

  3. Establish a Regular Process of Reporting from IOM govt and PWC
    Our IOM spokesperson can also request a regular meeting / briefing from the IOM govt and PWC. I propose that our spokesperson have meetings or teleconferences with IOM Chief Minister and PWC liquidator twice weekly. On the record. 30 minutes. What’s going on? Teleconferences can be very useful because everyone can dial in to listen. Questions put by our spokesperson could be formulated here prior to each meeting. I think this would go a long way to addressing the anxiety that is pervasive.

To accomplish these objectives, I propose that our best representative in IOM (I’d suggest Expat if he’s willing) take a series of questions (drafted in this forum in the next 12 hours) to an on-the-record meeting with the IOM Chief Minister and the PWC liquidator.

I can help support this initiative - drafting coordinating questions etc, but I'm not in IOM. I may go there shortly if it would help and if we can get the audiences we need.

FUNDING FOR OUR TEAM: I'd also like to suggest that this group provide some modest short term funding for Expat and anyone else who is staying in IOM to support our interests. There are several hundred of us - and I'm sure we could collect a modest budget to cover Expat (et al) out of pocket expenses for the next week or two. 400X $10 = $4000.

Thoughts?

Blair


bblair

  • Anonymous
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  • Mon, 13/10/2008 - 12:26

bblair's post Mon 13/10/2008 20:38 (Aussie time) is arguably the most important post of the day, and yet is now virtually 'lost'.

Can the postings of (eg bblair, expat, Hooper) potential spokesman + team {and any other or emerging "experts"} be separated or elevated (or we're going nowhere re the vital subject of spokesperson / voting / expenses ).

The well-intentioned majority (eg me) are fortunate to have "expert" users amongst us, and yet we may be frustrating them, but hopefully not jeopardising their involvement, by our lack of focus.

Alternatively, could we "footsoldiers" not refrain from posting until we are asked to vote or cough up a contribution to expenses.

Apologies for taking the space,

Will and Trudy Shafted


Buried Ideas....

  • 491
  • 11/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 12:38

Will and Trudy - thanks for the support. I think a lot of good ideas (not necessarily mine) are getting buried in these threads. I think the best thing would be if the website administrator and moderators could encourage people to say on topic within a forum topic. And to move important subjects to a new specialized forum topic. To this end, I've copied my suggestion above to the "Appointment of Spokesperson" forum topic because I think its an interim measure... and I'm calling for a quick round of "Ayes" to move forward on this. Cheers, Blair


Expenses

  • Ray
  • 10/10/08 31/05/09
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  • Mon, 13/10/2008 - 10:00

I agree with bblair. Am more than happy to contribute £50 or more towards the expenses of expat and perhaps others. How would we do this in practice, though? We would need someone's/body's account details to do so, as cheques from abroad would take far too long to reach IOM.


Expenses

  • go mann
  • 10/10/08 31/05/09
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  • Mon, 13/10/2008 - 09:47

@ bblair ... having suggested covering expenses [twice] Im obviously in agreement. However, Current users on line = 77 @ $10 = $770 = £480. That won't go far! In addition, some may be able to help, others may have liquidity problems.

I'm in for £50 once someone can work out how we get the funds to Expat without compromising his surviving account[s]!!


£50

  • Anonymous
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  • Mon, 13/10/2008 - 10:06

I'm ready to donate £50.


Expat +funds

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
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  • Mon, 13/10/2008 - 10:23

I am in for GBP 50 how do i get it to you?


I will also help fund expat and group representing us in IOM

  • humphrey
  • 10/10/08 01/03/11
  • a depositor
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  • Mon, 13/10/2008 - 09:57

Someone needs to set up a paypal account and send money to expat, preferably not through Kaupthing.


In for £50-100 expenses

  • Elpasout
  • 10/10/08 31/08/09
  • a depositor
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  • Mon, 13/10/2008 - 10:35

Just let me know the payment method.


EXPAT - FUNDS: AGREE RE

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
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  • Mon, 13/10/2008 - 10:12

EXPAT - FUNDS: AGREE RE PAYPAL. HOWEVER CAN TAKE UP TO SOME DAYS TO VERIFY, SO FOR IMMEDIATE RESPONSE, EXPAT CAN YOU SPEAK TO THE HOTEL ABOUT THE CARD ACQUIRING OPTION??


EXPAT - FUNDS: AGREE RE

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
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  • Mon, 13/10/2008 - 10:11

EXPAT - FUNDS: AGREE RE PAYPAL. HOWEVER CAN TAKE UP TO SOME DAYS TO VERIFY, SO FOR IMMEDIATE RESPONSE, EXPAT CAN YOU SPEAK TO THE HOTEL ABOUT THE CARD ACQUIRING OPTION??


Expenses

  • frozenrover
  • 11/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:01

I will do likewise - just need the account details - paypal preferable.


I'm in

  • bushmen
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 10:43

I'm in too!

I do think that we need to coordinate and follow some sort of a plan like with previous postings.

And add pressure to the Isle of Man, UK and Iceland authorities.


I am in for £50, sponsored by

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
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  • Mon, 13/10/2008 - 09:56

I am in for £50, sponsored by a relative! I think we should just ask that people give minimum of £10 if they can but anyone who can find a way to dig deeper please do so. We ahve to remeber some of have no other access to cash and don't know how we are going to get through the short term, while of course we need to focus efforts on long term.

Any suggestions on how to get the money there? I am wondering if EXPAT's hotel will help by allowing those with credit card access to make a phone payment to them and thsi will start by covering his expenses there, then whatever is left in the pot could they allow him to cash out? I could arrange the payment this way and could do so today?

additional - I am just waiting for my MP to return my call asap


Sorry Go Mann.

  • 491
  • 11/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 09:56

...sorry GO MANN, I didn't realize you'd suggested that already - well done - you are on the money. (It's getting hard to keep up with all the posts). Agreed, not everyone will contribute and obviously, if people are strapped, there is not much they can do. I guess we each do what we can. 77 x 50 quid is a good start and a good gesture of solidarity. I suggest Western Union to an IOM office.


Western Union process not

  • go mann
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:06

Western Union process not understood!! However, I guess it's up to EXPAT to let us know how he can best receive/handle this. Regrettably I have to leave shortly until about 1900 UK time ... I'll try and catch up later.


Funding Mechanisms...

  • 491
  • 11/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 10:19

...all you need is a name (the beneficiary) and a location (Douglas, IOM?). You can go physically to a local Western Union office or do it online at WesternUnion.com Our spokesperson would then show ID and pick up funds in cash. PayPal is another option, I'm less familiar with it though.


Couldn't we just send the

  • occams razor
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:24

Couldn't we just send the money to Expat's KSF(IoM) account?
(joke)


.....by CHAPS?

  • sad
  • 10/10/08 31/10/09
  • a depositor
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  • Mon, 13/10/2008 - 10:26

.....by CHAPS?


Expenses and Contribution

  • Andy Ish
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 15:03

Put me for £50+ please. I suggest we transfer through a UK current account just in case another IOM bank folds. They are looking really shaky at the moment. Western Union is at least £15 cost of transfer and chaps is min £25. I have a High St bank A/C in the UK. I am also happy to collect from those based in the UAE and pay instantly from an HSBC or Barclays if that helps. Just an idea!


Silence from authorities...

  • HOPPER
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 09:31

... Diver's comment below is right, in my opinion. I too believe that there is a lot going on in the background, which can only be made public at the right time. This situation is just too important to the Manx economy - the politicians and regulators will be doing all they can, they would be crazy not to, not just for our benefit as depositors in a failed bank, for their own community, livelihood etcetera. If this isn't handled correctly it will destroy the Manx economy - everyone realises that. Don't get me wrong here, I don't think this is just "blind faith in the system", but we as a group should recognise that we are tiny piece in a much bigger puzzle, becoming even more messy this morning with the effective nationalisation of RBS & capital injections into Lloyds/HBOS. We need the help of the Manx government, also the help of the UK Treasury /Gov(who will be understandably focused on UK banks this morning....). What should we be doing today ? Continuing to promote our personal tradegies in the media, definitely. Doing everything we can to keep our profile up in the wider crisis - definitely. Pushing stories such as "the IoM bank was solvent, but only failed due to the necessary intervention of the UK authorities in S&F London" etcetera. But let's NOT make accusations against officials or go on the warpath quite yet - this is going to be a long, drawn out process before we get to some kind of resolution. We need the help of regulators and politicians in both the IoM and the UK, possibly Iceland. Its okay to be firm & direct, critical that we ask/beg for help from every source possible, but lets not make unfounded accusations about what is happening in the background until we get more accurate information.


Plan to confirm govt support...

  • 491
  • 11/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 11:08

I agree that we need the assistance of the Manx govt / UK Treasury (etc), and I don't think it hurts - as you suggest - to promote the cause without pointing the finger. In furtherance of confirming government and treasury support, I've outlined a short term plan / communications initiative above (posted at 11:38) and would appreciate any feedback or criticism of that from Hopper or anyone else. Cheers. Blair


Agreed but where is our representation

  • tubefly
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:30

I posted a communication earlier from Friends Provident - clearly they have representation. I would think that as a sum total we have as much in KSF as they and as such the sooner we get our team voted we push for equivalent representation.


Agree very very strongly on

  • occams razor
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 10:20

Agree very very strongly on everything Hopper says we should be doing, and what we shouldn't be doing.
To summarise, these are the priorities on what we need to be doing publicly now:

  1. Continuing to promote our personal tragedies in the media.
  2. Doing everything we can to keep our profile up in the wider crisis.
  3. Pushing strongly the line that "the IoM bank was solvent, but only failed due to the necessary intervention of the UK authorities in KSF(UK)"

Anything else - particularly anything that may result in diminished banking stability in the IoM, is NOT helpful at this time.


Hopper you make a lot of

  • martinfei
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 10:07

Hopper you make a lot of sense.

As this progresses we will need as many friends in high places as we can get.


Silence from authorities...

  • columbgc
  • 11/10/08 14/07/10
  • a depositor
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  • Mon, 13/10/2008 - 09:41

Well said Hopper!


Media

  • Monkeyface3604
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 09:26

Excellent work by everyone with regards to the interview and articles that we appear to be getting out into the public forum
Plaease however be very midful about what is said, and how some peoples stories may not get the right type of interest and angle for our cause. Whilst we are all obviously deeply affected by this incident, some people's stories are a lot more suitable than others. What ever you do acknowledge that we aprreciate there are many other loosers (e.g. charities etc) but that everone else is being represented and we seem to be the forgotten few. I will be happy to discuss any questions and strategies for any persons involvement with the media. According to the angle they are going for this will need to be taylored.


THIS IS BEING filmed as I

  • expat
  • 10/10/08 31/05/09
  • unspecified
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  • Mon, 13/10/2008 - 09:10

THIS IS BEING filmed as I type this is bbc

kkep belief lpease


Expat +thanks

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
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  • Mon, 13/10/2008 - 09:14

Thank you for all you are doing Expat


Silence from authorities

  • Diver
  • 11/10/08 31/05/09
  • a depositor
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  • Mon, 13/10/2008 - 09:06

I'm beginning to think that there must be more to the defening silence we're getting from just about every major player in our disaster. There hasn't really been any mention of the IoM situation since day one and that strikes me as strange considering what's at stake. As has been pointed out before, there is a risk that the general public may well (wrongly) see us as a group of 'rich tax dodgers' rather than what we really are and as such there is only downside for any authority/government seen to be 'bailing' us out. With this in mind, it is entirely feasible that there are serious efforts being made to resolve the IoM crisis (i.e. 100% return of deposits) as we speak, just that everyone involved would like to keep things as quiet as possible on the basis that the 'general public won't understand'. Again, this is just my attempt at putting a positive slant on a terrible situation...but you never know, ordinary folks like us are usually the last to know when something is going on.


Email to Robert Peston at BBC

  • Elpasout
  • 10/10/08 31/08/09
  • a depositor
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  • Mon, 13/10/2008 - 08:53

Just sent this to BBC's Business Correspondent Robert Peston

British depositors in Kaupthing IOM - a lost cause?

Not sure if you are aware of the parlous position of the many British depositors of Kaupthing Isle of Man?

In a nutshell, the actions of British Government in freezing the assets of Kaupthing UK using Anti-Terror laws led the the Icelandic Government, which had just nationalised the parent bank Kaupthing hf, "withdrawing its support" (in the words of Aiden Docherty - MD of Kaupthing IOM). 60% of the funds of Kaupthing IOM were loaned the the UK operation and it could now not access these OR the 25% funds loaned to Icelandic parent bank!

Although Brit Gov has funded a "rescue" of Kaupthing UK via ING, it wants no responsibility for the IOM bank (quite right of course - IOM is not part of the UK). But it should recognise that its actions directly brought about the downfall of the Isle of Man bank. Neither is the Iceland Gov prepared to honour the parental guarantee from Kaupthing hf given to the Isle of Man Gov for its subsidiary!

As a result there are thousands of British depositors who seem to have been hung out to dry. These are not the super rich, tax evaders. Many, like myself, are expats, retired or just working abroad, who can no longer have a UK bank account without a UK address. Most of us are UK tax payers and will have signed for disclosure under the European Directive.

The BBC has shown some interest already and a few small articles have appeared - but it needs a lot more exposure.

http://news.bbc.co.uk/1/hi/world/europe/isle_of_man/7666300.stm

A website has been set up for depositors.

http://www.ksfiomdepositors.com/cms/?q=forum

Any help you can give to bring this issue to the fore will be invaluable.


Nice one

  • rippedoff
  • 12/10/08 31/05/09
  • a depositor
  • Offline
  • Mon, 13/10/2008 - 10:03

thanks Elpus. Whats Peston's email address. Would be really useful to get his take on things. He usually writes with clarity and simplicity.


BBC website

  • Anonymous
  • Offline
  • Mon, 13/10/2008 - 09:07

"The government must be a "rock of stability" for British people during the credit crisis, Prime Minister Gordon Brown has said. "

This appears on BBC site at moment.

Presumably it means ALL British people ?

Many K IOM savers of other Nationalities appear to be already protected by their respective govts.