Let us grovel

  • carnel
  • 10/10/08 31/05/09
  • a depositor
  • Offline
Posted: Sun, 09/11/2008 - 06:09

I am willing to grovel. I am willing to say how much I admire everyone who has been involved in this situation. They have all acted with the best of intentions. But we have suffered due to "friendly fire" and appeal for help with our predicament. I would ask (even beg) all involved to contribute a little (for them) to help us to bring KSFIOM back into solvency:

The IOM could contribute a goodish sum (at least the amount it would have to pay anyway in compensation, but perhaps twice that to save the good name of the island).

Derbyshire B S. could be asked to contribute for their moral responsibility in selling off a subsidiary to an unsound buyer (it would also stave off potential legal action for leaving bond holders in the soup).

The Icelandic authorites could chip in from their IMF loan and be rid of us once and for all.

Gordon Brown could be asked to make a generous donation to show - what we all know - that he is a man of principle who has the interest of all British savers and those saving their money in Crown lands at heart.

Others who have an interest in seeing KSFIOM rise from the ashes, including all banks and institutions operating in the IOM and the Channel Island, should be good for a few millions.

The Provisional Liquidator should make available to us the value of mortgages and other KSFION assets that still exist.

The Queen would surely be prepared to help one of her possessions get out of a sticky situation and should be appealed to for a good donation.

We could lead the way ourselves by contributing a percentage of our deposits -1% Or 2% - to bring down the total needed for solvency.

Let us go cap in hand to all and sundry, including ourselves.

We need a Save our Savings fund. We should ascertain how much we need, and start asking for pledges.

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Cap in hand? begging?

  • Lucky Jim
  • 13/10/08 31/05/09
  • not a depositor
  • Offline
  • Sun, 09/11/2008 - 11:11

Hey! I wouldn't go cap in hand, grovelling & begging for what is rightfully mine!

Remember:
(1) there's a lot going on behind the scenes
(2) there's still hope that a settlement will be reached so that you get your money back -- there's more than depositors' money at stake in this shambles!
(3) the IOM Government is on our side
(4) no-one here is thinking of throwing in the towel


There is a LOT going on

  • go mann
  • 10/10/08 31/05/09
  • a depositor
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  • Sun, 09/11/2008 - 18:19

There is a LOT going on behind the scenes.
Not just to do with this website, but on other fronts as well.

It is time for courage, and patience, my friends.
We will stand shoulder to shoulder, mutually supportive.
We will continue to peck away at the walls of silence and bureaucracy.
We will eventually win, thanks in no small part to the efforts of the core teams.

BE BRAVE, WE SHALL WIN.

I made that all up by myself, but I actually believe it ... honestly!


Behind the scenes

  • carnel
  • 10/10/08 31/05/09
  • a depositor
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  • Sun, 09/11/2008 - 15:05

I wonder if there is really anything significant going on behind the scenes. We have been told this from day one and so one hopes and hopes.

It is great to have the IOM on our side and they have been a big help, especially in raising the compensation limit, but they seem to have very little influence in London.

I agree we will never surrender, but a little lateral thinking may be in order.

For my loss, the main fault is my own. I saw the signs and read the reports on Iceland but took no action until it was too late.


Hear hear

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 09/11/2008 - 09:57

It is about what works now, not about posturing, name-calling, the blame game and costly litigation. I totally agree with this post. Anyone have any views on where to start?


I think if you had been

  • expatfrance1
  • 15/10/08 31/05/09
  • a depositor
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  • Sun, 09/11/2008 - 10:44

I think if you had been keeping up with what the IOM and London teams have been doing on our behalf you would find that they started down this path about 5 weeks ago!


Keeping up with posts

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
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  • Sun, 09/11/2008 - 10:57

Ooh, get you.


From the person who is

  • expatfrance1
  • 15/10/08 31/05/09
  • a depositor
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  • Sun, 09/11/2008 - 12:06

From the person who is against posturing and name calling!


Name-calling?

  • gazfuk
  • 12/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 09/11/2008 - 12:19

I never called anyone a name...I just don't particularly like being told any ideas I subscribe to are old and outdated. Negotiating this site is rather difficult so it is not easy to see what has been going on. Plus, my comment was meant to get a laugh from you.

I stand by my comments about name-calling.

Let's not get on to each other too much because we all want the same thing.

See you at the victory party.


Point taken, lets all pull

  • expatfrance1
  • 15/10/08 31/05/09
  • a depositor
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  • Sun, 09/11/2008 - 15:54

Point taken, lets all pull together and do what is necessary to get our money back.

Just as an aside. The posts at the weekend definatelty seem to go down hill. I think it is because nothing seems to be happening and thats when people start to speculate.

Lets hope we can keep the momentun through next week.

Cheers


UK Govt negotiating on behalf of IOM!

  • simon
  • 22/10/08 31/05/09
  • a depositor
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  • Sun, 09/11/2008 - 11:31

Is it just me or does anyone else find it incredulous that HMGovt is charged with "negotiating" on behalf of the IOM? Alistair Darling facing the Treasury Committee conveniently pointed everyone back to the IOM & their responsibility but he is the one who is supposed to be negotiating on it's behalf!
My gues is that there is no dialogue going on between HMGovt and it's Icelandic counterparts. Mr Darling is the last person I would want to negotiate on my behalf anyway so shouldn't we be questioning this logic and get the IOM Govt to change it?
Apparently the EU have offered to lend Iceland the money (see http://www.eubusiness.com/news-eu/1226086322.54) as long as it "settles" other matters i.e. us. The Norweigans have also offered to act as "go betweens" with Iceland & UK. So let's look to our European neighbours to help us seeing as Mr Darling seems so intent on passing the buck!
So if IOM Govt has sympathy with our plight then why can't they see this? The sooner they enter direct dialogue with iceland (via Norway or EU) the better in my view.
S
p.s. My heart goes out to those who have lost everything. I have lost a great deal of money but will survive (I think).


We have temporarily lost access to our money......only that!

  • Ashoker
  • 12/10/08 31/05/09
  • not prepared to answer
  • Offline
  • Sun, 09/11/2008 - 20:07

I would like to point out to those who talk as if they have already lost everything (of whom there are very few), that the only loss we have incurred at this moment in time is access to our money. Which of course is painful to all, but this loss is of a temporary nature only. At some juncture in the near future, we will have access to our money once again! It is not useful in my opinion to talk about any other loss than this one. What I am really getting at here is the need to avoid playing the victim, as this can drain energy from our cause and set into play negative forces. Conversely, what we do need to do, is maintain a positive mind-set, as this will add confidence,strength and momentum to our efforts. Fortunately, this latter approach is what is quite clearly driving our colleagues in the IoM and London, and as a result we are starting to see some movement in the right direction eg the IoM Govt. announcing that they are looking at alternatives to the liquidation to the bank etc. Please remember that our positivity will encourage other parties to be positive too!