Dying Cause?

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
  • Offline
Posted: Tue, 09/12/2008 - 08:33

Hello everybody,

I honestly don't want to be negative, but...

I get the feeling this is a dying cause. Soon after 8th October, this site was developed and hope was given to us all...we felt there were people actively working on our behalf both in IoM and UK to get us our money back and were receiving regular updates on how things were going. I know I was not alone in being thankful for this lifeline. However, now I feel there is a lack of direction. We seem to be getting together merely to express our disgust at the situation and there is little 'news' as such appearing. The media carries less and less about our plight and we remain the forgotten victims of the only bank in Europe to be allowed to fail.

Our only hope now is that the IoM government will make good on its efforts to secure a 'better outcome' for depositors.

The lack of news and updates is so depressing. What do others think?

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We need a sense of balance...but must remain positive

  • investor01
  • 13/10/08 n/a (free)
  • a depositor
  • Offline
  • Tue, 09/12/2008 - 14:41

I have read through this posting start to finish and agree with each and every comment. I wake up some days with a knot in my stomach at the injustice of it all. I wake the next day knowing that things will work out - not sure how but I just know.

I recently wrote to someone senior in the Insurance company that administrates my bond to express how the lack of regular updates is giving me the distinct (and understandable) impression that nothing is happening. I guess this is much like this website where the lack of firm news leads to wild speculation.

Anyway, I suspect the note put the wind up them a little as today I received a response, recorded delivery assuring me that much was going on. I'd already acknowledged that sensitive details could not be shared publicly but the letter does make it clear that meaningful conversations are still happening at the highest level.

Do I think this insurance company is lovely and cuddly and really wants to help little old me? Absolutely not; I'm not that dumb. What I do know though is that there are so many big players in this that simply cannot afford for it to go wrong - Insurance Companies, the IOM Government and even the UK Government who would want to avoid any litigation as it's always messy.

So my note of hope for all is believe that things are going on as the repercussions from failure are probably too much for anyone involved to contemplate. For me that whorey old cliché "failure is not an option" applies here.


Er...

  • David9J
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 09/12/2008 - 14:52

I think it is spelt "hoary". (Blush).


Whores and hoars

  • investor01
  • 13/10/08 n/a (free)
  • a depositor
  • Offline
  • Tue, 09/12/2008 - 14:55

The sad thing is I wasn't sure myself so I looked it up on Google and the two words are used interchangeably! Either that or it could be a Freudian slip on my part...


Mudslingers Unite! HMG Really Are Worried about KSFIoM

  • VikingRaider
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 09/12/2008 - 15:41

It all depends on how much noise we can make. Our existence proves YOUR MONEY IS NOT SAFE IN A BRITISH BANK! UK depositors may take all this with a grain of salt as they know HMG will cover their funds, but it will rattle international confidence in the British banking system. and the City of London. From Washington Mutual to the Bank of East Asia, governments have been anxious to hold back a banking panic. The more noise we make, the grater the fear and the the sooner they will pay up to keep us quiet or block the various websites that have emerged to project our case. Keep rubbing in the salt!


Nothing meaningful to add except ...

  • callie53
  • 04/11/08 31/05/09
  • a depositor
  • Offline
  • Tue, 09/12/2008 - 18:56

... my brother had his house repossessed in June (totally outside of his control) then we lost our Dad suddenly to lung cancer (he was my God, we all adored him) in July. Mum was left totally alone and bereft so I was going to use my savings to buy her house to secure her future. Unfortunately before the paperwork was completed I found out that I had no savings (like a number of others here, they appear to have been lost in a ´wrapped´ RS bond) and have just sold my own house at a loss as I could not continue the mortgage payments.

So I am truly grateful that I have this site to turn to and read. I don´t post much but I action everything forwarded to me and believe that the only way to get through this quicksand is to stay positive.

These things take time and time is all I have left.


Family is ALL that matters!

  • Anonymous
  • Offline
  • Tue, 09/12/2008 - 21:09

Your Mum Needs you! Your Dad would want you to stand by her and your Brother together you can get through this.

Only time will make things easier, Money is a requirement in this world ... But people are more important, your Dad will be around you andyour Mum in Spirit, talk to him and do the things with your Mum as normal and treat her Special!!! you only get One Mother, something that you can never replace...

The Money will Sort eventually, Life has these lessons that are thrown in the works... we all become Stronger and Closer for it!

Try to be Positive!

Dawn


Absolutely!

  • callie53
  • 04/11/08 31/05/09
  • a depositor
  • Offline
  • Wed, 10/12/2008 - 13:19

I agree entirely and am more fortunate than most as I have a close family and great friends.

Positivity reeps it´s own rewards!