General Discussions

  • ng
  • 11/10/08 31/12/20
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Posted: Fri, 10/10/2008 - 05:39

Any general chat about what is going on that doesn't fall into any other categories.

IMPORTANT: How to post links to related News on other sites

As of 21/Oct/08 we have a searchable news archive. Site editors (and anybody else who wants to help) now have the mammoth task of find and re-posting all relevant links that were posted in forums and re-posting as a news item into the archive.

It would be appreciated if you didn't make the task even bigger than it currently is.

Please post news items using the Create new News item link near top of right side-bar.

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Thanks Angrigaut - great news!

  • jenren
  • 10/10/08 31/05/09
  • unspecified
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  • Fri, 21/08/2009 - 12:28

Thanks for bringing to our attention. We need some more positive news like this!!!!

Jen


Positive news at last!

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
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  • Fri, 21/08/2009 - 11:43

Some positive news at last!


DST updates

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
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  • Fri, 21/08/2009 - 07:11

@chb:
The latest DST update reproduced below by investor01 was (and still is) posted as the site banner on the home page of this site. Maybe you by-pass this page and so missed it?

There have been 6 DST blogs in the last month. The easiest way to locate them is to click on "recent posts" and search for posts with author DAG Strategy Team.


DST posts

  • ng
  • 11/10/08 31/12/20
  • a depositor
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  • Fri, 21/08/2009 - 10:32

In general, you can use http://chat.ksfiomdepositors.org/tracker (the block top right where it says Read: All) to search for posts by specific members.


Payments

  • chipmunk
  • 13/10/08 31/05/09
  • unspecified
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  • Fri, 21/08/2009 - 10:26

Yes ..but I agree that there is no update on the very sensitive issue....payments... both from UK to IOM and of course payments to us.....the last advise I rcvd was maybe end September and pls keep plugging away at MP's etc....which I do...but we also have a lot of bills to pay and sitting twiddling my thumbs and writing another similar letter is becoming very frustrating....we don't even know if its 14.5% when / how / etc etc.................surely DST should by now have some clear information on this IF it really is to be September, or have I missed something ..


Updates

  • investor01
  • 13/10/08 n/a (free)
  • a depositor
  • Offline
  • Thu, 20/08/2009 - 21:01

Hi chb,

This is the latest update from the 17th August. The DST aims to communicate important information as regularly as possible:-

"DST have been communicating with politicians on behalf of KSFIOM DAG since October and have been working hard to engage cross-party support. We have confirmed this previously in mail outs, however if you are not on the DST list for either: legal support, proxy voting or donations you may not have received this correspondence, as we have limited our mail outs to these lists and not the site membership since the last proxy vote collection.

It has been a great help to receive emails from depositors sharing with us their communication with their own MPs and various political departments and we would be very grateful if this is continued as it helps us enormously. We have given numerous briefs to depositors in advance of their own meetings with MPs and continue to do so, so please do not hesitate to contact us if we can help with any individual meetings. (KSFIOMDSTContact(?)gmail [dot] com)

The new members only site is currently under construction and we hope to have it ready soon. The objective of the site is to focus on actions and co-operation so that members can be part of the process, something which has not always been possible on the chat site to date.

At present there are numerous activities underway including:
• submission to the IoM Select Committee
• submission to the IMF report
• submission to the Justice Committee inquiry
• construction of the new members only site
• legal instruction and negotiation with regard the non-disclosure agreement for the creditors committee
• ongoing media liaison including input in the articles you will have recently read and a televised interview for a mainstream Australian channel (ABC) this morning which we hope to distribute in the UK
• ongoing correspondence with politicians both UK and IoM and in particular the Treasury Select Committee
• ongoing requests to the FSA under the freedom of information act
• corresponding with various parties in relation to KSF UK
• reviewing all legal options available and possibly beneficial to us"


icelandreview.com

  • arny
  • 15/10/08 31/05/09
  • unspecified
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  • Thu, 20/08/2009 - 13:07

I have just found the above. I have never seen references to it posted on here. It seems worth keeping an eye on.


Daily Telegraph

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Mon, 17/08/2009 - 09:25

Would somebody please post today's article on Icelandic Banking onto our News site. Sadly I don't know how to myself.


Icelandic Banking Article in Daily Telegraph

  • jetski
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 17/08/2009 - 09:54

Blog post- red paint satisfaction

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 14/08/2009 - 07:58

Oh the frustration of being computer illiterate! Would some kind soul please post the link to the many relevant articles at silobreaker.com. Lots of interesting articles never get posted to the News page now. Last October everything was going there for all to see. This is a weakness.


LJ Blog

  • chb
  • 10/10/08 15/10/09
  • a depositor
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  • Fri, 22/05/2009 - 14:24

Thanks for your latest blog LJ, 'Upbeat View of Present Scenario'.

I have copied and pasted most of it to my MP, as some more food for thought for him.


email from DAG Helpline

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 05/05/2009 - 12:21

Hello. I have just received an email from a Robert Coates subject "DAG Helpline A/c status news" and its message is to ring a mobile number (supplied) for positive news regarding our SAP account status. Could anyone tell me what this means before (and if) I ring it? Many thanks


DAG Helpline E-mail

  • srcoates
  • 10/10/08 31/05/09
  • a depositor
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  • Tue, 05/05/2009 - 14:05

Steve, you may recall we spoke on the helpline on Friday PM. We are both in the same situation regarding a/cs and I undertook to contact you Tuesday when I clarified the situation with PWC. You are not answering your phone hence the e-mail


THE GAP IS CLOSING

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Sat, 02/05/2009 - 06:48

Don't miss this blog!


Telegraph Article: FSA failed savers

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Mon, 27/04/2009 - 10:37

Would somebody more able than I please post the above in the News section.


Daily Mail Article 15/4 - Comment ?

  • caledonia
  • 14/10/08 30/09/09
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  • Wed, 15/04/2009 - 17:53

The Daily Mail a good place to comment!

  • expat
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Wed, 15/04/2009 - 18:21

I've just put a cooment, thanks Caledonia, its a good place to post, might get noticed!!!


daily mail online article 15 april

  • banna
  • 15/10/08 01/03/10
  • a depositor
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  • Wed, 15/04/2009 - 19:55

expat,
you put your comment on the Mail article nearly 2 hours ago. I added mine 45 minutes ago. They are still not showing on the artcle. Wonder why not?


Now you mention it, the last

  • expat
  • 10/10/08 31/05/09
  • unspecified
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  • Thu, 16/04/2009 - 03:16

Now you mention it, the last time we posted on the Mail they never posted any of the comments! Maybe Mail readers can't use a computer and they know it!!


Daily Mail

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Wed, 15/04/2009 - 20:22

I have just added one as well 10.20 CET.
Should this perhaps be a 'topic' to get more postings ?? otherwise will get lost in time.


No comments have been posted

  • IceCrusher
  • 14/10/08 25/10/11
  • a depositor
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  • Mon, 27/04/2009 - 11:08

No comments have been posted on this article, I put one on more than a week ago and nothing came of it!


KSFuk solvent the night before they were closed down

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 07/04/2009 - 07:51

I have found a comment posted to an Evening Standard article 06 01 09. "Iceland to sue Britain".
A former employee claims that KSFuk were still profitable & unlike many banks solvent, having lent the Bank of England (overnight I suppose) £80M the night before they were closed down. Is this information of interest to DAG?


Darling Saves Own Savings

  • Yorkie
  • 13/10/08 10/12/09
  • a depositor
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  • Tue, 07/04/2009 - 08:56

Thanks for the lead to the Evening Standard. I found this article dated 30.03.09:

http://www.thisislondon.co.uk/standard/article-23669007-details/Darling+...

He bailed out his own building society and his accounts (on behalf of his children) have been taken on by none other than Nationwide.

Mr Darling Send Our Savings back to us!


Read this Blog of Lucky Jim's

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 05/04/2009 - 20:03

It is titled "A simple diplomatic resolution of the Kaupthing IoM Debacle", to be found under Recent blog posts.


TSC Report Articles

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Sat, 04/04/2009 - 05:47

Would somebody more computer-literate than I post the BBC article & trawl through the press for others please.


BBC Headline News

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 26/03/2009 - 06:14

Would somebody with 'the knowledge' please post todays article in the news section.


EPS2 Minnows and EPS2 Whoppers: To claim or delay?

  • VikingRaider
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 26/03/2009 - 03:08

As an EPS2 Minnow who expects to obtain a full return of deposit under the scheme, I was wondering if it would be any help to the Whoppers if I stalled posting my EPS2 form for a short period. Ideas?


VR

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
  • Offline
  • Thu, 26/03/2009 - 06:25

Thanks VR
I think it might be a help - your voting rights wont go to the IOMG.


According to the latest

  • expatfrance1
  • 15/10/08 31/05/09
  • a depositor
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  • Thu, 26/03/2009 - 07:28

According to the latest blog from the DAG Strategy team it looks like the IOM have stated that they will not use the voting rights they have obtained when the SoA is finally voted on. Although this has still to be confirmed in writing it may mean that this issue should not prevent you applying for the EPS if the money is needed.


Careful: They might not use it, but you will still not have it.

  • follow_the_tao
  • 11/10/08 31/05/09
  • a depositor
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  • Thu, 26/03/2009 - 08:00

If you see my point:
The right the money has in a any vote is given to IoMG with the application/payment for an EPS.
They will still have the voting rights on the EPS amount, and you will have lost them.
They might not choose to exercise the voting right, but I didn't sense in the DAG Strategy team report that the IoMG were about to pass the voting rights back to yourself.

Therefore my advice to Vikingraider, and all others that are able to wait, and wish to have the right to vote according to the value of their deposits, is not to claim the EPS until after a vote.

I can't resist this comment, sorry, but as always the IoMG has muddied the waters and for what? And also there is no written confirmation.


Careful: They might not use it, but you will still not have it.

  • Anonymous
  • Offline
  • Thu, 26/03/2009 - 13:54

Depositors would retain their votes provided that their deposits have not been completely extinguished by the EPSs, but of course the value of each depositor's vote would be diminished by the amount of any payments s/he has received under the EPSs.

This is the written version of the question proposed, although it was put verbally in much shorter form:

"In respect of voting rights that may be/have been acquired by IOM Treasury as a result of EPS1 and EPS2, and distinguishing between the cases of (i) those creditors whose rights have been extinguished by the transfers made to the Treasury in respect of payments made under the first or both of the EPSs and (ii) those creditors who still retain an interest after the transfers made in respect of those payments, does the Treasury consider that it has acquired voting rights in either or both cases and if so by value only or by value and number, and does it intend or expect to be able to use any such votes in the vote on the SoA and in any subsequent creditors' votes either under the SoA or in a liquidation?"

The verbal reply was (not verbatim) that Treasury would not use any votes so acquired at all (neither by value only nor by value and number) in any vote on the SoA or in any subsequent creditors' votes.


Aid for Europeon banks

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Tue, 03/03/2009 - 12:27

Gordon Brown indication in Brussels on Sunday that he was considering a financial package to support the Eastern Europeon countries economy and banks ... how outrageous is that! Also, on the TV news yestserday, I caught the end of a report saying that Kaupthing Iceland had bought a chain of shops immediately after their liquidation???
Does anyone know any more about this and whether it is correct?


FSA - blame laid at their door again - TSC hearing today

  • C_south_africa
  • 10/10/08 31/05/09
  • a depositor
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  • Tue, 10/02/2009 - 21:23

From Times OnlineFebruary 10, 2009

HBOS sacked and gagged bank risk whistleblower

HBOS sacked and gagged a senior executive who four years ago warned the board of the bank that they were taking excessive risks, according to evidence given in Parliament this morning.

MPs on the Treasury Select Committee were given details of a submission from the former head of risk at HBOS who claimed that he warned the board repeatedly that they were taking risks with financial stability and consumer protection.

Paul Moore, a former partner of KMPG and head of group regulatory risk at HBOS between 2002 and 2005, accused the bank of "a total failure of all key aspects of corporate governance" and said that he was repeatedly rebuffed and thwarted when he tried to register concern.

In a highly sensitive development he also pointed the finger of blame firmly at Sir James Crosby, the former chief executive of HBOS, who is deputy chairman of the chief City regulator the Financial Services Authority and a senior adviser to the Government

read the rest......... see the link

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...


FSA Chairman HBOS/KSFIOM common denominator (detonator?)

  • C_south_africa
  • 10/10/08 31/05/09
  • a depositor
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  • Wed, 11/02/2009 - 09:17

TSC meeting yesterday .......

from The Times online
http://www.timesonline.co.uk/tol/news/politics/article5705330.ece?Submit...

Sir James Crosby, Gordon Brown ally, ‘ignored risk alert at HBOS’

Philip Webster, Political Editor, and Patrick Hosking, Banking Editor

Gordon Brown was drawn further into the banking crisis last night with claims that a key adviser dismissed a whistle-blower who raised fears that HBOS was taking excessive risks.

Paul Moore, the former head of risk at HBOS, said that he was fired personally by Sir James Crosby, then its chief executive, after repeatedly warning that the bank was growing too fast.

Sir James was later appointed by Mr Brown as deputy chairman of the Financial Services Authority and is an adviser to the Treasury.

................. further on it says

Mr Moore’s claims were the surprise revelation of a protracted examination by MPs of four of the bankers blamed for Britain’s financial crisis.

George Osborne, the Shadow Chancellor, said: “Paul Moore has made very serious allegations about how his warnings about the risks being run at HBOS were dismissed by the then chief executive, James Crosby. Given that, as Chancellor, Gordon Brown appointed Sir James as deputy chairman of the FSA and that as Prime Minister he relies upon him as a key economic adviser, the Government need urgently to investigate the allegations and discover the truth.”

I have posted a comment to this news item but so far it has not appeared.

From The TimesFebruary 11, 2009
http://www.timesonline.co.uk/tol/news/politics/article5705212.ece

Unmasked, the City chief with close ties to Gordon Brown

Ian King: Deputy Business Editor
Sir James Crosby was Banquo’s ghost at the Treasury Select Committee – he wasn’t there physically and nor was he mentioned directly by name.

However, he is almost certainly the biggest casualty from yesterday’s session, having been fingered in written evidence – extracts of which were dramatically read out by one of the committee members, Andrew Tyrie – for having personally sacked the former head of risk at HBOS when he dared to speak out about the way the bank was being run.

The unmasking of Sir James, one of Gordon Brown’s top City advisers, for his culpability in Britain’s banking meltdown is long overdue. There is still amazement in the City at the miracle of timing that had Sir James step down from HBOS in July 2006 in favour of the much maligned Andy Hornby – a hospital pass if ever there was one. For it was the Yorkshireman Sir James – whose knighthood in 2006 is thought to have been on Mr Brown’s recommendation – who devised the business model that brought HBOS to his knees.

etc. etc................

Read it all and weep


Link to video of TSC grilling of HBOS & RBS execs...

  • follow_the_tao
  • 11/10/08 31/05/09
  • a depositor
  • Offline

12 Feb Gordon Brown sole witness

  • coldlightofday
  • 20/10/08 31/08/09
  • a depositor
  • Offline
  • Wed, 11/02/2009 - 14:52

The Parliamentary Liaison Committee meeting scheduled for Thurs 12 Feb has Gordon Brown as its sole witness.

The Liaison Committee is made up of all the Chairmen of Parliamentary Select Committees.

On C4 (Channel 4) news last night John McFall (Treasury Committee Chairman) described this as a "preliminary skirmish".

Of particular concern was the individual appointed to the FSA as a regulator, who played a key role at HBOS.

link to committee schedule:
http://www.parliament.uk/what_s_on/hoc_news2.cfm


FSA Dep Chairman & PM Gordon Brown

  • C_south_africa
  • 10/10/08 31/05/09
  • a depositor
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  • Wed, 11/02/2009 - 05:42

Shadow Chancellor George Osborne said: 'Paul Moore has made very serious allegations about how his warnings about the risks being run at HBOS were dismissed by the then chief executive, James Crosby. 'Given that, as Chancellor, Gordon Brown appointed Sir James as deputy chairman of the FSA and that as Prime Minister he relies upon him as a key economic adviser, the Government need urgently to investigate the allegations and discover the truth.

'What is at issue here is Gordon Brown's judgment and the people he takes advice from.'


Baugur has gone belly up

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Wed, 04/02/2009 - 12:07

Does anyone know if this affects us?


How many of our emails reach the key people?

  • adambw
  • 13/10/08 31/08/10
  • a depositor
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  • Wed, 04/02/2009 - 06:10

Liebenk’s (and others) recent public mails have been spot on. But I worry about how easy it is for the secretaries of Messrs Brown, Bell, etc to just delete lots of ‘similar’ correspondence. I guess I'm not alone in tending to try to also fax certain letters thus increasing the chances of hard copy reaching the intended.


DCS protection for Anglo Irish Bank on the IoM

  • steveejeb
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Sun, 01/02/2009 - 18:49

QUESTIONS will be raised in the House of Keys this week over the level of protection given to depositors with Irish banks in the Isle of Man.
David Cannan (Michael) will ask Treasury Minister Allan Bell whether funds are protected by the Manx depositors' compensation scheme to a maximum of £50,000 or by the Irish Government's scheme which gives a 100 per cent guarantee.

A spokesman for the Anglo Irish bank, which is now in public ownership, confirmed that funds are covered by both schemes.

She said: 'Under the terms of the Irish guarantee scheme, all deposits are fully protected.

'However, the Isle of Man scheme would cover the first £50,000 should an event occur to trigger the scheme.

[Once you have stopped laughing, or crying... the article continues]

http://chat.ksfiomdepositors.org/news-item/dcs-protection-depositors-iri...


JJB

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 01/02/2009 - 15:06

There's an article in the Times on JJB. Would someone with knowhow kindly post it on our news section.


Arny - Times Online article on JJB posted

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
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  • Mon, 02/02/2009 - 08:13

Done. (Via "Create New News Item" facility.)


Latest Radio Interview with KSFIoM Depositor

  • steveejeb
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Sat, 31/01/2009 - 16:28

Listen to the latest Interview with one of our depositors. It covers our current position and aspects of the SoA and Liquidation.

http://www.ksfiomdepositors.org/sites/www.ksfiomdepositors.org/files/cam...


Latest radio interview....

  • coldlightofday
  • 20/10/08 31/08/09
  • a depositor
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  • Sun, 01/02/2009 - 00:43

page not found was the response!


Iceland to be fastracked into the EU

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Fri, 30/01/2009 - 09:13

I heard this on the television this morning - good or bad news .... ? and will this provide another opening for lobbying ?


Iceland to be fastracked into the EU, Guardian Report

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
  • Offline
  • Fri, 30/01/2009 - 09:33

Good question. I posted the Guardian report as a new News Item earlier - the link is http://www.guardian.co.uk/world/2009/jan/30/iceland-join-eu

It begins;
Iceland will be put on a fast track to joining the European Union to rescue the small Arctic state from financial collapse amid rising expectations that it will apply for membership within months, senior policy-makers in Brussels and Reykjavik have told the Guardian.

The European commission is preparing itself for a membership bid, depending on the outcome of a snap general election expected in May. An application would be viewed very favourably in Brussels and the negotiations, which normally take many years, would be fast-forwarded to make Iceland the EU's 29th member in record time, probably in 2011.


Forum Topic

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Fri, 30/01/2009 - 09:37

Can't help feeling this is a good opportunity ... should it be made a forum topic?


Go to Essential Reading

  • arny
  • 15/10/08 31/05/09
  • unspecified
  • Offline
  • Sat, 24/01/2009 - 15:08

Page 85. Essential reading indeed!


Customer Information Form

  • Bill and Beg
  • 19/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 23/01/2009 - 15:00

Does anyone know if we should be sending back our completed " Client Data & Payment Details Update" forms, or is that an indication that we are accepting the DCS.


Customer forms

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
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  • Fri, 23/01/2009 - 18:45

These forms come from the bank (not the IOM). They are quite separate from the DCS or EPS and do not mean you are accepting anything. You should indeed complete and return them so that if and when ANY money is to be distributed, from whatever source, they will know where to send it.