Anti-Brown Comments

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
  • Offline
Posted: Thu, 23/10/2008 - 20:07

Dear All,

Firstly, let me say, I totally understand everyone's frustration. I am in the same boat as a lot of you - worse if anything as my savings were held in KSF IoM via Royal Skandia, so the IoM guarantees don't apply to me.

I just wanted to say, I feel Gordon Brown's actions when this thing came up were understandable and firm and designed with the interests of savers in mind-also designed to ensure Iceland does not shirk it's responsibilities. It is my belief that what we are witnessing is still part of the negotiating process...the British Government is hanging onto about £4 billion of Kaupthing's assets to force them to take action to protect depositors. I believe Gordon Brown to be an honourable man and I believe he will not treat UK investors in the IoM bank as 'cannon fodder'.

Time will tell if I am right. I urge you all not to lose hope.

0
Your rating: None

Comment viewing options
Select your preferred way to display the comments and click "Save settings" to activate your changes.

Muppet

  • jjw
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 16:51

Brown is a complete muppet. Look at the mistakes he has made over the years. The fact that he is PM just goes to show the calibre of politicians we have running the UK. If this is the crem-de-la-crem of UK politics, what does that make the IOM Govt??


Muppet

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 16:54

Very constructive. If you get your money back, he'll be OK again, I suppose?


WHEN I get my money back

  • jjw
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 16:57

WHEN I get my money back nothing will change - believe me.


Brown

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 17:04

Then vote Dave. None of this would have happened etc. etc.

Why are we having this discussion? Lets just get on with the purpose for which we are all here. What do you say?


offshore bond proividers

  • SheffieldIFA
  • 16/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 19:17

Its seems to have gone very quiet from Skandia and all the other Bond providers and little is being posted on this site. Has anyone managed to find anything further specificaly regarding those people holding deposits through these wrappers


Offshore bonds

  • cold-dose
  • 11/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 19:27

Reading the amendments...

  • cold-dose
  • 11/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 19:30

Having read the amendments to the regulations, it appears that beneficial holders of deposits held on trust are covered again, as they were under the 1991 scheme. Trouble is, it appears a bit open to interpretation based on the specifics of the account and bond.


Advice Please Cold Dose

  • chb
  • 10/10/08 15/10/09
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 19:59

Are you saying that there's some doubt about Bond holders inelligibility for compensation under the IoM Guarantee Scheme? Consensus elsewhere seems to be each Insurance Company (and therefore all the investors within them) will be treated as a single depositor...


Why I mentioned that..

  • cold-dose
  • 11/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 21:14

The last section of the article said:
"AJ Bell marketing director Billy McKay is confident individuals with deposits in Ssas and Sipps will be covered under the strengthened scheme as it restores the non-individual protections offered under the IOM's 1991 scheme, when trust-based schemes were covered."

Trusts are again covered by the regulations. An account that is deemed to be a trust is covered by £20,000 per beneficiary, even if there are multiple beneficiaries.

So it seems to be that AJ Bell are saying that some Sssa and Sipps may be covered, depending on exactly how they are structured and how the account was held.


Reading the amendments...

  • Manxboy
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 20:01

Its actually clear. Its back to the way it was under the 1991 Act with an extra £5,000 on top but as I read it it's not £20,000 per bond its per corporate deposit (as it always was) so if Skandia have £20m in deposits its a maximum of £20,000 only as its one corporate deposit of £20m. You should continue to lobby on this.


Offshore bonds

  • Mandy_Italy
  • 13/10/08 31/03/10
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 19:19

I have just entered an article in the news section.
Link is
http://www.moneymarketing.co.uk/cgi-bin/item.cgi?id=175373&d=340&h=341&f...


REALITY CHECK TIME?

  • Justa
  • 17/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 04:39

Take this as you wish (meant in the best possible way) but I think we are at the stage of being realistic about what is going on. I am based in Asia and as such it is difficult to follow much of what is going on, other than what we are able to pick up from the fantastic folk doing the graft on this website (thanks!!) but it seems apparent that we are NOT GOING TO SEE A CENT OF OUR SAVINGS BEING RETURNED TO US. Blame Brown, blame Iceland, blame anyone, but I personally blame myself for not staying up to date daily and moving funds from my account when the Iceland nonsense first surfaced. I too was "resting assured" by the guarantee I thought was in place. Reality is that we have likely lost all we have worked for overseas and that our cash will never see the shores of the IOM or the UK again. Roll on HSBC. Depressing yes, but it helps to see it for what it is and accept it. PS: I have done the necessary writing to all and sundry in case you're wondering. Any good news out there? Difficult not to lose hope the way things look right now!


Now hang on a sec...

  • Anonymous
  • Offline
  • Fri, 24/10/2008 - 20:51

C'mon Justa!! Get and grip, pull yerself together and send another bunch of emails to cheer yourself up. Take that anyway you want :-)

WE WILL GET 100% OF OUR MONEY BACK.

And then lets blow the lot on a big £860M party!!! Yeah baby!

But really, we will get our money back. Every penny. There are hard working teams in Douglas and London. These people will never give up; many of them, like many of us, have too much to lose. They NEED US to support them as they simply cant do it on their own. They need us to keep sending the personal emails to MP's, MEP's and most importantly the press.

Please dont get disheartened about the seemingly quiteness of this with nothing happening - there is, of that you can be sure. £860M at stake? There will be things happening!!

When i have gone through my phases of dispair (just have a bl**dy good round the forum, you will find 'em!) other folk have snapped me out of it. Dont let it get to you justa, we will get all our money back and soon. Just get back to filling your outbox, please! :-)

Mat Walker


The way not to loose hope is

  • mikepapa
  • 10/10/08 n/a (free)
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 20:27

The way not to loose hope is try and be a little opptomistic.
Our Issue is only just gathering steam and has, in all probability, a still long way to go!

However consider this, my records show:
10.10.08 - I found 5 atricles found on the web
24.10.08 - Today 20 + articles and they are still rolling in.

We have been promised that there will be a question and possibly a debate in the house of Commons.
On Nov3 questions regarding our issue will be asked by the Treasury Select Committe.
We have a stay in winding up of KSF-IOM for 28 days.

Plenty of hope there I should think....


A little hope...

  • 491
  • 11/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 07:18

Iceland need an IMF loan. The IMF is not proceeding until the Brit loans are agreed. Britain has agreed to represent IoM interests too. UK Treasury spokesman yesterday: “Any agreement with the IMF is always dependent on countries honouring their debts and treating creditors equally. The UK is not the only country involved in this process and other creditors will also expect payment." See my take on all this in detail
http://www.ksfiomdepositors.org/node/289#comment-10215

Blair


REALITY TIME CHECK

  • Anonymous
  • Offline
  • Fri, 24/10/2008 - 05:21

Justa,
Worrying times for us all, but not helpful for others to read of your gloom !

Although you're in Asia that doesn't prevent you from doing your share of drawing awareness to our plight.

Hope you'll be pledging money today to those working their backsides off on your behalf, and that if the action has to be stepped up you'll be prepared to travel.


REALITY TIME CHECK

  • Justa
  • 17/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 10:12

Bobby S, the point I am making is not to point at my gloom, but rather to try to get a response from anyone out there that might have something positive to say. Sadly, there is nothing encouraging coming through. If I had access to my funds I would quite happily make a contribution, but since that is the whole point of this debacle it makes it a little tough right now....... PS: Will not be travelling, as that would only deplete whatever other money I still have. Will have to count on you to step out for a few of us I'm afraid, for which much thanks. Captain, your understanding is appreciated.

No offence meant to anyone by the way.


I am also live in the fareast

  • Captain Mainwaring
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 10:24

I am also live in the fareast and know exactly what you mean about isolation - I also have to work or else I would be doing something, and as soon as I get squared from this weeks invoice I shall make sure that someone in need gets a bit of a donation.

It is truly up and down at the moment, little glimmers and suggestions, but not having access to UK TV, or indeed a feeling of how Joe Public feel, it is difficult to be anything other than gloomy. In some respects I am glad I am not in the UK, because a sarcastic comment from someone about tax and not checking the risk, and should have moved it out, would have won the dispenser a swift punch up the bracket - at least here were I am working, I look around and realise that I am still alive with the power to try and change my life again , others don't have that chance.


Right , stop just a second. I

  • Captain Mainwaring
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 05:32

Right , stop just a second. I agree that being negative doesn't help much, but you cannot blame people for expressing themselves.
Secondly, can we stop assuming that people are not doing something? not everyone wishes to state what they may be doing. And you last comment is right out of gear - you may suggest (and rightly so) that there there is the possibility to make a donation, without implying that anyone who does not do so is in the wrong. Same with travel, firstly, If I had been in the UK at the time, I would have been about to support the various actions in London and the IoM, but I wasn't, and directly after realising that I would be eating out of a dustbin in a couple of days, I had to go back to work, I had no choice, and while there is work for me to do, I cannot leave it - if anyone is suggesting that I should feel guilty......... well I don't.


Hear hear

  • Anonymous
  • Offline
  • Fri, 24/10/2008 - 20:39

Absolutely right on every point. WE ARE going to get 100% of our money back. Full stop. And that is coming from someone who is feeding his family from dustbins (you just wouldnt beleive what a smorgazbord supermarkets chuck out!) now...

We do not have to be in London or Douglas to support the action being taken by the teams on the ground in London. Do not underestimate the power of sending emails and making phonecalls and sending faxes, they DO work! We are getting media coverage and while we have that we are a thorn in the side of HMG, which is exactly what we want.

So lets not slap each other around, that will not help in the slightest. Lets not start being negative (i've done enough of that myself!!!) and GET SENDING THE BL**DY EMAILS!!! :-)


Ant-Brown Comments

  • snidge
  • 16/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 24/10/2008 - 01:43

My problem with the view expressed above i.e that Brown is good egg is as follows.
I don't think their decision to seize the money had been thought through.
I don't think the collapse of Kaupthing was part of a controlled demolition factored in by Darling and Brown.
The Government had encouraged the local councils to deposit in KSF IOM.
I believe our plight has been occasioned by a politicaly motivated panic.
We await Darling's provenance that he had been 'informed' by the Icelandic government that they had 'no intention of honouring their obligations'
Let's see evidence of that!
As for Brown,well he has a built in moral compass so perhaps we are all making a fuss over nothing.


Want to believe

  • Anonymous
  • Offline
  • Thu, 23/10/2008 - 22:44

Gaz, i want to believe you. I really do.

However, all evidence currently points to the comments and actions taken by Senior UK Government individuals that has caused my current plight.

I'm not going to bang on about my circumstances as they are detailed in gorey details in the Stories section. Lest to say that we are now down to just a few dollars to 'live' on. We might be able to blag a A$1000 or so from the bank here but probably not much more.

My beef with Mr Brown is that he is telling people, publicly, one thing; yet the reality is very different indeed. And it is happening right now.

Fingers crossed you are right, I'd like to think so. But right now my thoughts of Brown and Darling and dark and unprintable.

Mat


The Anti Terrorism act 2001 JUST A POLITICAL TRICK!

  • Anonymous
  • Offline
  • Thu, 23/10/2008 - 21:59

Gordon Brown unjustifiably used the Anti-terrorism, Crime and Security Act of 2001 against the people of Iceland for his own short-term political gain. This has turned a grave situation into a national disaster, affecting families in both Iceland and the United Kingdom. Help us avert greater damage by signing this petition now. Times Online..

This is just a Political Trick by Gordon Brown to try and Steal Our Money!


Brown Pants

  • IanAbroad
  • 11/10/08 13/08/09
  • a depositor
  • Offline
  • Thu, 23/10/2008 - 21:31

Hello Gazfuk, I'm with you, I hope Gordon walks the talk and helps find a solution to this. I can not see the FSC/Treasury stepping in with money or guarantees, but I can see a lot of pressure being exerted to get a solution that keeps everyone, including us, happy.


Gordon Brown an honorable man

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 23/10/2008 - 20:14

Let's see.


Gordon Brown

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
  • Offline
  • Fri, 24/10/2008 - 11:30

I have always thought of him as an honourable man too I hope our faith will be justified.


Honour

  • Monkeyface3604
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 23/10/2008 - 21:33

Honour and politics rarely mix!!!!


Debts

  • Anonymous
  • Offline
  • Fri, 24/10/2008 - 16:45

If He is an Honorable Man he will pay his Debts.....He is indebted to KSFIOM! Right!