IOM Today

  • amar
  • 13/10/08 31/05/09
  • unspecified
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Posted: Thu, 29/01/2009 - 11:54

Well it is good to know that the IMF give the IOM a fantastic write up!

Please see link

http://www.iomtoday.co.im/news/IMF-offers-boost-to-Isle.4923240.jp

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IOM article

  • Julienne
  • 16/10/08 31/08/09
  • a depositor
  • Offline
  • Sat, 31/01/2009 - 10:41

I had trouble getting through and so decided to send to both these addresses Paul [dot] Speller(?)newsiom [dot] co [dot] im; newsviews(?)newsiom [dot] co [dot] im
It would seem that one got through - and seemingly we have also once again brought our opinions to bear with heavy traffic........

Having accused them of censorship
Here is the paper's reply to me

Maybe the rest of us can now post our disagreement with this journalist.....

Thanks for your email.

Unfortunately, we don't have the staff to man readers comments 24 hours a day. Combined with that, there was a problem with some of the mailboxes here (possibly due to the extent of response to this article).

However, the comments are being loaded onto the story now.

Regards


IoM Today

  • id2cgs
  • 23/01/09 31/05/09
  • a depositor
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  • Sat, 31/01/2009 - 10:21

Just checked story, my comment from yesterday "Distraught Grannie" has gone on 1st today so don't know if they've put all on including yesterdays, maybe just too many of us. Notice a couple of short rebuttals but not very forceful!


Distraught Grannie

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Sat, 31/01/2009 - 10:33

Well done, a great posting. Still trying to get mine on!


Funny !!

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Sat, 31/01/2009 - 09:40

This mornings email to IOM Today was again returned undelivered. I will keep trying though ....... and to the IMF.


Just posted this to the Goebles version

  • SgKZ
  • 10/10/08 31/05/09
  • a depositor
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  • Sat, 31/01/2009 - 09:11

Isn't a little misleading to state in your opening paragraph that , "THE collapse of the Isle of Man's Kaupthing bank IS reflected upon in the International Monetary Fund report that praises Manx financial regulation."?

To use the word, "Reflected" implies that any conclusions have been fully analysed and appraised.

You then mention later that, "Mr Aspden said the comments on the handling of the Kaupthing affair were neither positive nor negative as the matter was still before the court." Why not use that in your opening paragraph?

So, basically the IMF report mentions the recent developments but doesn't really go into any detail. Would that be more correct? Talk about trying to mislead people. It's nice to see that propoganda is still alive and well in some corners of the world.

SG


IoM Today Change Headline and IMF Article !

  • steveejeb
  • 10/10/08 31/05/09
  • a depositor
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  • Sat, 31/01/2009 - 08:30

After having stopped any comments being posted by depositors at 11:18 a.m yesterday (regarding the first article) The IoM Today have now CHANGED the headline and rewritten and shortened the article regarding the IMF report. It looks as though they are trying to spin this hard while keeping depositor comments at bay.

I would recommend trying to go back and leave more comments about this "new article" if you are allowed to do so!

The New headline is: IMF report DOES address KSF (Isle of Man) affair

http://www.iomtoday.co.im/news/IMF-report-does-address-KSF.4931635.jps

"THE collapse of the Isle of Man's Kaupthing bank IS reflected upon in the International Monetary Fund report that praises Manx financial regulation. A draft copy of the IMF report ranks the Island's financial regulation as 'extremely good' while it also praises our financial stability and our anti-money laundering legislation."

http://chat.ksfiomdepositors.org/news-item/imf-report-does-address-ksf-i...


My reply is published

  • glen07
  • 21/10/08 n/a (free)
  • a depositor
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  • Fri, 30/01/2009 - 10:31

Just went back to site of iomtoday and noticed that my comment has made it in so everyone keep getting on the website and putting your views forward.


IoM Today comment -- another try / different subject "almost"

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
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  • Fri, 30/01/2009 - 09:26

Comment on more than half KSF depositors could get all money back before summer‏
From: *************************
Sent: 30 January 2009 09:25:03
To: newsviews(?)newsiom [dot] co [dot] im

Just to put the Scheme of Arrangement into perspective for your readers,

The assumed final payout to creditors is 65% which equates to 65p per £1.00 deposited, IoM government has generously offered a LOAN of up to a maximum of £150m -- has it really or is this just more smoke & mirrors, lets see

Some calculations, these do not included interest earned from the loan book (indicated at £1m / month, suggesting an interest rate of just 3% / annum) and an assumption that nothing will be returned from Iceland either from the deposited monies or the much vaulted Parental Guarantee.

If we assume a 20% default on the loan book this represents £88m therefore the return is £352m or 40% of the total deposit, max loan repayment 6 years
If we also assume a paltry 10% return from KSF UK £40m or 4.5% of the total deposit (£550m - £150m on deposit in KSF IoM from KSF UK)
Funds recovered to date £140m or 15.9% of the total deposit

The total is 60.4% - required LOAN from IoM government including contributions from other banks 4.6% or £40.48m over 6 years or £6.74m / annum

Now if the loan book is as good as the directors of the bank claim should be well under 10% but lets assume 10% for good measure.

If we assume a 10% default on the loan book this represents £44m therefore return is £396m or 45% of the total deposit, max loan repayment 6 years
If we also assume a slightly better 25% return from KSF UK £100m or 11.36% of the total deposit
Funds recovered to date £140m or 15.9% of the total deposit

The total is 72.26% - required LOAN from IoM government contributions including those from other banks -- ooppss there's a surplus - is this paid to the depositors - no according to Attorney General John Corlett "Within two years a third lump sum would be paid ensuring all depositors would be paid in full, that's 49% by value of all Kauphing creditors, scheme promoters worked on the basis that creditors would get back 65p in the pound, but there's no guarantee of even this".

So what happens to the other 51% of creditors who haven't been paid in full, or has the government has just picked up 7.26% of depositors cash or £63.88m.

Once realistic figures for a return from KSF UK --- now remind me why was £550m deposited in the UK and not ringfenced or guaranteed in someway -- no answer to that one yet, from either the bank directors or the FSC???

But lets just assume a sensible return from KSF UK of 65% - lets face it - that's the figure IoM Government want the depositors of KSF IoM to believe is their best hope..

10% default on the loan book or return of 45% of total deposit
65% return from KSF UK or 29.54% of total deposit
£140m recovered or 15.9% of total deposit

Grand total 90.44%

So who's trying it on.

Would a straight forward liquidation realise the same percentages or anywhere near, probably not, liquidations are a big cash cow for the liquidators.

A depositor


Quote, "Editor's comment:

  • SgKZ
  • 10/10/08 31/05/09
  • a depositor
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  • Fri, 30/01/2009 - 09:00

Quote, "Editor's comment: There was a delay in the loading up overnight of some of the comments for production reasons, but there has been minimal editing of any of the submissions and where it has taken place it has been for legal reasons."

Looks like they are mostly on there now. I bet there was a phonecall to someone saying, "Do we pull the comments or publish them?"


Problems with e-mailing IOMToday

  • Lucky Jim
  • 13/10/08 31/05/09
  • not a depositor
  • Offline
  • Fri, 30/01/2009 - 03:47

There is a problem wth e-mailing simply by clicking on the link under a report.

Solution: type out the address newsviews(?)newsiom [dot] co [dot] im

Don't give up! Keep posting as this is directly in accord with DAG's Strategy & Tactics !


IOM Today - Skintagainnow, your message also now on

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
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  • Fri, 30/01/2009 - 09:02

It certainly seems that all our message are being published - we just needed to give them time?


Iom Today not the 1st one

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
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  • Fri, 30/01/2009 - 10:41

The 2nd one is up there - but not the first -- guess it was this and maybe poppytwo's (can't see that) that caused the failure...

ooopppsss -- I suppose it is a bit close to the bone, would prob have got a reaction... but I've one or two things to back it up or should I expect the advocates letter in a couple of days...

http://chat.ksfiomdepositors.org/forum-topic/iom-today#comment-25995


Problems with e-mailing IOMToday

  • Anonymous
  • Offline
  • Fri, 30/01/2009 - 06:22

I just e-mailed IOM Today to the address newsviews(?)newsiom [dot] co [dot] im and received the following:

"This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

  Paul [dot] Speller(?)newsiom [dot] co [dot] im "

It could be they do not want to hear from us?


IOM Today - Message published okay

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
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  • Fri, 30/01/2009 - 08:51

I received the same message much earlier today (see below), but have just checked the site and my message is now on. So I guess that either they are now awake and at work, or that patience is needed...


Me, too, whilst Nero fiddled . . .

  • drglowry
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 30/01/2009 - 08:01

I received the same message, twice. I was attempting to send through the following:


"Nero famously fiddled while Rome burned. An updated version might read “Brown (take your pick) fiddled while the Isle of Man burned.” As the only jurisdiction that has not stepped up to guarantee 100% of bank deposits, how can the Isle of Man Government hope that the Manx financial services industry will survive avoidance of its responsibilities to Kaupthing Singer and Friedlander depositors? The Internet provides the means by which several thousands of unhappy, dispossessed, and mostly retired depositors can insure that any loss of our savings in the Isle of Man will become known everywhere. The media have reported that a significant portion of the population of Iceland, mainly young and working people, will be forced to migrate in order to earn a living. Will a failed IOM financial services sector see a similar migration of young people and families to the UK mainland? The IOM Government must understand that the KSFIOM crisis will not blow over. The IOM Government must see that depositors receive access to 100% of our savings or risk the demise of the IOM financial services industry, and all that that would entail. We are in this together, like it or not. The outcome can be either WIN-WIN, or LOSE-LOSE. IOM Government has another three weeks to do the right thing. Time is running out."


IOM Today has been good enough to faithfully publish each letter that I have previously submitted, so one hopes that the e-mails DID arrive and will be actioned. Maintain the rage!


Several thousand depositors.....Muted

  • chipmunk
  • 13/10/08 31/05/09
  • unspecified
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  • Fri, 30/01/2009 - 09:06

Do you really think so....several thousand depositors in an off shore bank......is it seems little interest to anybody. Have you noticed that there was not one single mention in todays papers of yesterdays Judicial review....Yes we have a lot of work to do banging away but we do seem to be fading from public awareness


IOM Today - Nero fiddling comment is now on

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
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  • Fri, 30/01/2009 - 08:56

Drglowry, your comment is now on the "IMF offers boost" article.


IOM Today E-mailing

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
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  • Fri, 30/01/2009 - 03:56

Thanks for the info'. I did send both my messages directly from my e-mail account, but I will certainly keep trying.


Jim - mailing IoM today

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
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  • Fri, 30/01/2009 - 04:00

I have to type it out everytime I use an online mail system not the default ms -- which the link brings up, + if they didn't receive at Johnson press -- how would folks get the automated reply --

got ya there....

Or do we need another Quorum forum to work that one too :-)

couldn't resist


Naaah ! we just need some 'smileys' !

  • Lucky Jim
  • 13/10/08 31/05/09
  • not a depositor
  • Offline
  • Fri, 30/01/2009 - 04:49

It could be they have simply closed the comments if for no other reason than that there is nothing to balance those that have been made (ie: no other point of view being put forward)

Some brilliant comments made, eh? All in line with DAG's Strategy & Tactics ! (:


Defending the indefensible . . .

  • drglowry
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Fri, 30/01/2009 - 08:10

There may be no letters supporting the "other poing of view" because there are few volunteers, outside the IOM Government, who wish to be seen defending the indefensible. How defend the surreptitious theft of the savings of KSFIOM depositors?


What are the current DAG's Strategy & Tactics

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
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  • Fri, 30/01/2009 - 05:02

What are the DAG's current Strategy & Tactics, are we in appeasement mode or attack -- I get lost every now & again and need the occasional reminder..

Smileys are a good idea, easier to let others know the tone of a comment


IOM Today Comments

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
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  • Fri, 30/01/2009 - 02:57

As my comment to the IMF article didn't get published last night, I sent another e-mail this morning asking why (I'm wondering whether it was rejected because my husband's message (albeit sent from his own e-mail address) was sent from the same IP address) - and asking for an amended comment to be published with regard to this latest article (http://www.iomtoday.co.im/news/More-than-half-KSF-depositors.4928330.jp). This has been returned as: "Delivery to the following recipients failed". There's absolutely no reason for my comment to be rejected - its content echoes that of the comments already published. I'm assuming they're having problems - but are other members getting their comments on now?


re - IOM Today comments

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
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  • Fri, 30/01/2009 - 03:12

Received this earlier, re 2nd email sent -- perhaps they thought it better to stop emails to that topic ..

This is an automatically generated Delivery Status Notification. Delivery to the following recipients failed. Paul [dot] Speller(?)newsiom [dot] co [dot] im Johnston Press plc Registered in Scotland no. SC015382 Registered Office: 53 Manor Place, Edinburgh, EH3 7EG Opinions expressed in this email are those of the writer and not the company. E-mail traffic is monitored within Johnston Press and messages may be viewed. This e-mail and any files with it are solely for the use of the addressee(s). If you are not the intended recipient, you have received this e-mail in error. Please delete it or return it to the sender or notify us by email at

--Forwarded Message Attachment--
From: *****************
To: newsviews(?)newsiom [dot] co [dot] im
Subject: comment to IMF boost to IoM
Date: Thu, 29 Jan 2009 21:34:12 +0000

It has been noted that several comments mailed in from depositors are being withheld / censored, this can be understood if the comments are defamatory to individuals, impinge on their rights or could be classed libellous. However comments that do not fall into these categories should be allowed in society of free speech.

Well it certainly looks like IoM Today - will censor and not print anything that sheds light on the current ~ past performance of KSF directors / relationship with FSC (hardly a secret that directors are also the regulators), deviation from money laundering regs, depositors trying to contact the treasury prior to the collapse and probably many more ""real issue's"".

Question - How long can the IoM government continue to bury their heads in sand and wait for this to blow over while pretending all is rosy in the garden of Man

Answer - Once you decide to give depositors a fair deal on their deposits with no limits to redress via the legal system.

Going to send this in too -- doubt it'll make print but what the h*ll - don't try, don't get [dot] postmaster(?)jpress [dot] co [dot] uk


Re: Re: IOM Today Comments

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
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  • Fri, 30/01/2009 - 03:32

Yes, I received the same message. Perhaps his mailbox is full? I'm going to try again when UK daytime begins - though aren't newspapers 24-hour entities? (If they've stopped printing comments, it would be polite to let us know...)

This is my comment:

The proposed SOA will not give us all our money back by summer - it will give us a maximum of 12.5% - and we need 100%. We are about to retire, and, without the entirety of our funds, are completely unable to put a roof over our heads or to move ahead with our lives.

I too implore the Isle of Man to carry out the necessary negotiations such that they may facilitate the repayment of all KSFIOM depositors in full as quickly as possible. We deposited our life savings in KSFIOM in September – trusting in the bank and in the Isle of Man. We realise that the Isle of Man Government was not responsible for initiating this fiasco – however, this disastrous event occurred on their "watch", and we thus ask that they take responsibility for rectifying the situation, in total.

Anxious Depositor


re Re: Re: IOM Today Comments

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
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  • Fri, 30/01/2009 - 03:41

Possibly for the 2nd - but the first was sent in at 3pm - others mailed after that made it on with a last edit at 7.24pm


email to IOM Today

  • grandmaparis
  • 13/10/08 30/09/09
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 21:29

Tried twice to send an email, without success. Is this censorship?


email to IOM news - censored?

  • sambururob
  • 10/10/08 n/a (free)
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 23:32

As grandmaparis I have tried sending twice and each time returned as not delivered.
Just in cae the odd reporter reads this site this is what i wrote:
Dear Sirs,

This is truly fantastic news. Hopefully it means that the IMF will lend the IOMG the money to buy the loan book or bail out the KSFIOM. If the depositors do not receive 100% of their money back then the IOM will have allowed a bank to go down. This will lead to a run on all IOM banks as expats withdraw money to deposit it in other banks in Hong Kong, Ireland, Norway etc which offer 100% protection. That would be the end of the banking industry which represents 36% of the IOM's income and the end of the island as we know it. Unless IOMG takes action in the next 21 days the whole thing will be a nasty fantasy indeed


My comment to IOM Today regarding IMF Report

  • colinalvin63
  • 28/10/08 n/a (free)
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 23:08

Well my email got published. This is what I put :-

The Isle of Man goverment are living in cloud cuckoo land if they think that this report is any testament to the Isle of Man being a prudent jurisdiction to invest in. It is through the incompetence of the IOM FSA that Kaupthing upstreamed large deposits to Kaupthing(UK) which resulted in Kaupthing(IOM) going into administration when the UK Treasury froze Kaupthing(UK) assets. Granted, the FSA was duped by the UK FSC, but such actions are unlikely to instill confidence in private investors once the truth gets out. Instead of rejoicing in this report the Isle of Man government should be fighting to recover these Kaupthing assets from the UK and to finally reimburse around 8,000 depositors that have been left with no access to their life savings. Depositors want action - we have waited almost 4 months and still no viable solution in sight. There are some extremely angry people ready to vent their aggression on the Isle of Man government and discredit the island if the government don't pull their finger out and return 100% of private depositors savings.
COLIN RIMMER (Depositor)


New item in IoM today

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 17:08

http://www.iomtoday.co.im/news/More-than-half-KSF-depositors.4928330.jp

Published Date: 29 January 2009
MORE than half of the Island's collapsed Kaupthing depositors would get all their money back by the summer under proposals outlined in the High Court today.

But Deputy Deemster Andrew Corlett expressed misgivings with the so-called 'scheme of arrangement' that was proposed as an alternative to a liquidation of the bank.

He said there were 'fundamental issues' that needed to be addressed as a 'matter of urgency' and if these could not be resolved it 'may be as well to press on with the well-trodden path of liquidation rather than prolonging matters' with a 'scheme that may well not work'.

He agreed to adjourn the winding up petition for a further 21 days until February 19 - a third of the time requested by the Treasury - to 'bring the issue to a head'.

Under the Treasury plan, outlined in court by Attorney General John Corlett, depositors would get assured payments in a scheme designed to provide 'simplicity and certainty' and ensure small depositors got their money back first.

He said Tynwald approval would be sought next month to extend the existing early payment scheme to provide a payment, probably by March or April, of up to £10,000.

This would ensure 40 per cent to depositors would be paid in full.

If a scheme of approval got the backing of the court and subsequently the creditors, three lump sums would then be paid.

The first payments, within three months of the scheme being set up, would allow 54 per cent of depositors to be paid in full, representing 24 per cent in value of all creditors.

A second payment within 12 months would allow 65 per cent of depositors to get all their money back, representing 35 per cent in value of all creditors.

And within two years a third lump sum would be paid, ensuring all depositors would be paid in full - that's 49 per cent by value of all Kaupthing creditors.

The scheme would be funded by assets realised by the provisional liquidator of the collapsed bank but 'topped up' by the government, to a maximum of £150 million - that same that would be called on if the depositors compensation scheme was trigged by a liquidation.

The same banks that would also pay levies to the compensation scheme, would also part fund the top ups.

Scheme promoters worked on the basis that creditors would get back 65p in the pound but there was no guarantee even of this, said Mr Corlett.

The Attorney General said protecting the interests of the depositors was of 'paramount importance.'

He said: 'Treasury further takes the view that it would be preferable and in the best interests of the depositors to support a scheme of arrangement.'

The court heard that one advantage of a scheme of arrangement was that it assured payments that would not be jeopardised by a second bank failure - unlike the depositors compensation scheme.

But one depositor, Mr Roper, claimed in court: 'As far as I can this scheme of smoke and mirrors is really liquidation by another name with the primary objective of saving face for financial services in the Isle of Man.'

Send your views to newsviews(?)newsiom [dot] co [dot] im

IMF offers boost to Island's financial reputation

Attorney General John Corlett - must be reading a different SOA to the one produced in the affidavid, "And within two years a third lump sum would be paid, ensuring all depositors would be paid in full - that's 49 per cent by value of all Kaupthing creditors."


IOM Today Article on Court Outcome

  • colinalvin63
  • 28/10/08 n/a (free)
  • a depositor
  • Offline
  • Fri, 30/01/2009 - 00:31

I have just made the following comment regarding the outcome of the court case :-

The Scheme of Arrangement proposed by the Isle of Man Government has one very important clause missing from it's definition, namely, that the Isle of Man Government will continue making payments to depositors for as long as it takes for ALL depositors to receive back 100% of their deposits, plus all interest due on their savings - without such a clause it is worthless and depositors will NEVER embrace it.

The Isle of Man Goverment action regarding Kaupthing, Singer and Friedland has been wholly inadequate. Instead of offering a meaningful solution and fighting to recover the £550 million of Kaupthing (IOM) assets frozen as a result of Messers Darling and Brown's dirty work, the IOM Government have instead selfishly concentrated their efforts on saving face, eg. The pathetic offering of £1,000 to depositors as a hardship payment, promised before Christmas, but still not forthcoming. Depositors see this as nothing more than a PR exercise to make it appear that the IOM Government has morals. Tell me this, "Who could live off £1,000 for 4 months in this day and age?" That's how long people have been denied access to their savings. That wouldn't even pay the bills, let alone the rent or the mortgage ! I'd love to know which hair-brained bureaucrat dreamt that one up ! If that represents the calibre of professionals working for the IOM Government, no wonder it's achieved absolutely nothing in almost 4 months.

The Isle of Man Government needs to wake up and guarantee depositors savings 100%. If this doesn't happen, thousands of angry investors will make it their business to sully the reputation of the island as a safe haven, and the IOM financial industry will decline so rapidly, that people could be forgiven for believing that the island had sunken into the Irish sea.

Colin Rimmer (Angry Depositor)

Now make your comment please (just email the link at the bottom of the article) :-

http://www.iomtoday.co.im/news/More-than-half-KSF-depositors.4928330.jp


IMF Report on IOM

  • Codpeace
  • 23/10/08 30/11/12
  • unspecified
  • Offline
  • Thu, 29/01/2009 - 16:32

Maybe the IMF will now loan the IOM the funds to make us whole? Do we have IMF contact info - perhaps we should flood them with emails to point out that they are not supporting the depositors as the other European governments and have achieved very little after 4 months.


e-mail IMF

  • mikeinfrance
  • 12/10/08 28/09/09
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 17:26

codpeace,

This also occurred to me. I have these IMF e-mail addresses:

publicaffairs(?)imf [dot] org

mschrader(?)imf [dot] org


e-mail IMF

  • Codpeace
  • 23/10/08 30/11/12
  • unspecified
  • Offline
  • Thu, 29/01/2009 - 17:51

Thanks - I'll start sending...


Email IMF

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
  • Offline
  • Fri, 30/01/2009 - 14:53

I have just done so too.


Better still emails of non

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 16:37

Better still emails of non compliance with MLR (money laundering regs) of the now failed bank....


The Draft IMF report on the IoM

  • steveejeb
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 15:27

I urge everyone to use the link, read the article and leave comments (at the bottom of the page).

http://www.iomtoday.co.im/news/IMF-offers-boost-to-Isle.4923240.jp


Come on IOM

  • shafted
  • 10/10/08 12/12/09
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 14:33

Following the report from the IMF the IOM obviously created a good impression ,in that case where are their balls in registering their anger at the B Gov, come on IOM following this article stand up and be counted and improve the IOM status furthur by guarenteeing our deposits you now have a platform for change before it changes to your detroment.


Leave a comment on IOM Today Online

  • colinalvin63
  • 28/10/08 n/a (free)
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 14:09

People are starting to leave comments regarding the IOM regarding itself as a viable jurisdiction following the IMF report.

It's an opportunity for you to vent your anger agaisnt the IOM Government.

It's easy to make a comment - just email it to the email address at the foot of the news story.

Go for it !

http://www.iomtoday.co.im/news/IMF-offers-boost-to-Isle.4923240.jp


Message got bounced

  • jedizippy
  • 15/10/08 21/06/09
  • a depositor
  • Offline
  • Fri, 30/01/2009 - 08:17

Sent but got a failure:-

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

   Stephen [dot] Parry(?)newsiom [dot] co [dot] im

IOM Today article

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 16:43

Done - two (heartfelt) comments put on - from self + husband. Very easy to do indeed - by e-mail.


Ah but will they print all

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 16:47

Ah but will they print all comments,,

sent this in - not appeared yet

comments - IMF offers boost to IoM‏
From: **************
Sent: 29 January 2009 15:14:57
To: newsviews(?)newsiom [dot] co [dot] im

Quote "Turning to the collapsed Kaupthing bank, Mr Aspden insisted there was 'no evidence that the bank was locally mismanaged, no evidence of any outright fraud and no evidence of any seriously toxic assets or anything like that'.

Should that read "there will be no evidence" as at the moment there are certainly breaches to the FSC regulations - % liquidity upstreamed, breaches in the money laundering regs - open an account with an expired bus ticket, directors of the bank on the regulatory body - but no conflict of interest "oh please get real", and the list goes on & on..

(depositor)


Probably Not

  • poppytwo
  • 06/11/08 31/05/09
  • a depositor
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  • Thu, 29/01/2009 - 20:23

Well done Skintagainnow I hope it does get printed.

My contribution hasn't been published yet. To summarise it says, my account with the bank has been mismanaged since 15 September and in my opinion the actions are very close to fraud. Between 15th Sept and 2nd Oct I left at least three messages on the IOM Treasury answerphone complaining about the bank. The Treasury were not answering the phone and nobody has returned my calls - I wonder why?


IOM Today Comments

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
  • Offline
  • Thu, 29/01/2009 - 16:57

Good point, Skintagainnow... I've just checked and mine hasn't gone on either. My husband's went on in moments, and I assumed mine would do likewise. No other comments have gone on since I last checked. Perhaps they're inundated?


IoM Today & their censorship

  • skintagainnow
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Fri, 30/01/2009 - 03:13

comment to IMF boost to IoM‏
From: *******************
Sent: 29 January 2009 21:34:11
To: newsviews(?)newsiom [dot] co [dot] im

It has been noted that several comments mailed in from depositors are being withheld / censored, this can be understood if the comments are defamatory to individuals, impinge on their rights or could be classed libellous. However comments that do not fall into these categories should be allowed in society of free speech.

Well it certainly looks like IoM Today - will censor and not print anything that sheds light on the current ~ past performance of KSF directors / relationship with FSC (hardly a secret that directors are also the regulators), deviation from money laundering regs, depositors trying to contact the treasury prior to the collapse and probably many more ""real issue's"".
Question - How long can the IoM government continue to bury their heads in sand and wait for this to blow over while pretending all is rosy in the garden of Man
Answer - Once you decide to give depositors a fair deal on their deposits with no limits to redress via the legal system.

Going to send this in too -- doubt it'll make print but what the h*ll - don't try, don't get.

A depositor