Gelling Article in IOM Today Link.. the anti Iceland comments dont help. please think!

  • neilbkk
  • 10/10/08 08/06/09
  • a depositor
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Posted: Sat, 18/10/2008 - 13:50

The link is ...http://www.iomtoday.co.im/news/Gelling-I-blame-UK-for.4601085.jp

Sorry if posted elsewhere but I did not see it. My thoughts....

Gordon Brown over reacted thinking of votes and took the opportunity to win a few brownie points with the general population ...it backfired by Iceland reacting to defend themselves......result our pain right now.

My genuine belief is Iceland will honour its Kaupthing hf 100% guarantee to Isle of Man specifically since we are NOT UK. Its in IOM Govt interest that they do since they then dont have to pay the GBP50k either!!...and the IOM finance industry continues.

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Regrettably that "Terrorism"

  • go mann
  • 10/10/08 31/05/09
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  • Sat, 18/10/2008 - 15:19

Regrettably that "Terrorism" phrase gets used again, instead of the proper title for the Act.

However, it also reinforces my earlier comments about ad hominen approaches on these issues. Whilst it may have been necessary to ring-fence funds in transit [what do I know, I'm only a saver?] there is no benefit whatsoever in create additional tensions between the participants ... UK/IOM/Iceland or individual Ministers/Officials. It will only be resolved when the key players talk through the issues and practicalities like adults.