iomtoday.co.im asking for comments on evidence given at TSC

  • Sarah f
  • 10/10/08 31/05/09
  • unspecified
  • Offline
Posted: Wed, 04/02/2009 - 10:08

A news report on yesterdays hearing at TSC on iomtoday.co.im is inviting comment on the Chief Ministers evidence.

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Have sent a (long) letter to

  • Hoping and coping
  • 16/10/08 31/07/10
  • a depositor
  • Offline
  • Wed, 04/02/2009 - 12:05

Have sent a (long) letter to all members of the Treasury Committe - who DID seem to understand things...

The content included the fact that I was particularly concerned by the responses given by the Isle of Man representatives during yesterday’s meeting - which seemed to be completely at odds with their written evidence, which appears to be highly critical of the actions of the UK Government and the FSA.

I also pointed out that it was extremely disturbing and disappointing to hear the Chief Minister, Mr Tony Brown, reply, when asked if depositors with KSFIOM should look to the UK for redress:

"I wouldn't necessarily know why that would be.”

"I think that's a matter of opinion for them. I don't think the UK government is responsible for the financial affairs of the Isle of Man."

(http://www.manxradio.com/readNEwsItem.aspx?id=32458)


Everyone post your comments ito the IOMToday news report

  • Lucky Jim
  • 13/10/08 31/05/09
  • not a depositor
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  • Wed, 04/02/2009 - 11:21

here's the report:
http://www.iomtoday.co.im/news/Chief-Minister-gives-evidence-to.4944164.jp

Here's my comment:

Chief Minister Tony Brown preferred to kowtow to HMGovernment rather than stand up for the just claims of depositors' to have their money restored to them in full. The reputation of the IOM as safe place in which to depsit has been seriously sullied by his stance. It would have been so easy for the IOM Government to have negotiated a small loan to bridge the gap that exists in the KSFIOM accounts that would have enabled this whole sordid affair to have been resolved. Instead Mr.Brown has shot himself in the foot and the bullet will pass right through to the heart of the Isle of Man. I have just removed over £100,000 from another bank as I have absolutely no trust in his claim that the IOM is a safe place in which to deposit money. Tragically a run on the banks is now inevitable. The IOM MUST act swiftly to stem the flow of its life blood before it is too late.

Chequemate


No confidence

  • bobwin
  • 23/12/08 n/a (free)
  • a depositor
  • Offline
  • Wed, 04/02/2009 - 12:13

I hope that others do what you have done.
I would do the same if I were you.
IOM are just trying to wriggle out from under a pile of dodo.
Will be interesting to see what they do in a real crisis.
Just hope we get something before the **** hits the fan!


comment sent

  • sambururob
  • 10/10/08 n/a (free)
  • a depositor
  • Offline
  • Wed, 04/02/2009 - 15:22

Just sent a comment. More the better. Maybe Manxmen will read them and realise the catastrophe that could face the IoM's finance industry and, hence, the island unless Brown solves this problem. Our problem is fast going to become their problem!! They need to know that and put pressure on their government.