No British saver has lost a penny

  • margaretta
  • 22/11/08 31/05/09
  • a depositor
  • Offline
Posted: Tue, 29/09/2009 - 18:18

I heard that GB in his Labour party Conference speech stated that no British saver had lost a penny in the economic crisis. Does anyone have a link to objective evidence of this, preferably a video. I have been checking on youtube and found a few postings of his speech but I have not found the smoking gun yet.

Thanks

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No British saver has lost a penny?

  • tonycBrisbaneOz
  • 12/10/08 31/05/13
  • a depositor
  • Offline
  • Wed, 30/09/2009 - 07:04

margaretta,

Gordon Brown's speech, 59 minutes long, can be found here:

http://news.bbc.co.uk/2/hi/uk_news/politics/8281414.stm

Transcript

http://www.labour.org.uk/gordon_brown_conference

This is probably the bit you are referring to which obviously has a cop out for those of us overseas but plenty of KSFIOM depositors live in the UK.

"And just think if we'd taken their advice on the global financial crisis. Their policy was to let Northern Rock fold and imperil the whole financial system, our Labour government saved Northern Rock so not a single UK depositor lost out."

The quote you are referring to was made in Parliament last year.

Regards, TonyC


"No British saver has lost a penny" - WHAT A LIE

  • give_me_my_money
  • 15/10/08 n/a (free)
  • a depositor
  • Offline
  • Wed, 30/09/2009 - 20:37

Attached is a follow-up email sent to BBC News website (request for contributions)

Dear Sir,

This contribution & comment is in follow-up to my email sent to the Editor of The Politics Show, on 29th July 2009.

ANNIVERSARY COLLAPSE OF KAUPTHING SINGER FRIEDLANDER (IOM)

"No British saver has lost a penny" - Gordon Brown, Labour Party Conference, 29th Sept.09

Sir,

We approach, on the 9th Oct. 2009, the anniversary of the collapse of the bank, Kaupthing, Singer, Friedlander (IOM) Ltd.

The PM brags about, "No British saver has lost a penny" through the financial crisis in his recent Party Conference speach. This is a LIE. I am out of pocket by over £XXX,000 !

My life savings were stolen by this UK Government when they seized the assets of KSF(IOM). Those assets should now be returned in full, so that I & other investors can be FULLY refunded, along our entitled INTEREST.

We have done nothing wrong. This is my hard-earnt money. I have worked, saved & lived within my means, encouraged by this & previous UK Governments, to save for our retirement rather than living on credit & being a burden to the State.

This seizure is daylight robbery, for which the UK & IOM Governments, plus KSFIOM should be held directly accountable. I want ALL my money back NOW, in FULL, with INTEREST. It is causing worry & economic hardness to me & my family, as well as 100s of innocent investors.

I have repeated written to Nick Clegg & Alistair Darling requesting the return of my money. Their responses are woefully inadequate; instead passing the burden of responsibility onto the IOM authorities.

The Financial Services Compensation Scheme (IOM) only pays out £50,000; the deficite funds coming from liquidation - a process which is forecast to continue until 2015 & is only estimated to yield 82% of depositor's investments.

This is not good enough.

This UK Government has betrayed honest, upstanding UK citizens. It has stolen my money & now takes no responsibility to rectify the situation that is of its making. Instead it is side-stepping all issues & deferring responsibility to the IOM & Icelandic Governments & their associated financial services regulators. It was this UK Government that triggered this whole fiasco, by seizing the assets of KSF(IOM) under anti-terrorism legislation ! The only "terror" seen is the hardship inflicted on us depositor's. That money (MY MONEY), should be returned in full. We are being used as political pawns for incompetent governments & financial regulatory services authorities who failed to have the necessary financial safeguards in place to protect 100% of depositor's assets.

I would implore you to leverage whatever pressure you can on the UK Government to intervene in the refund process; to return the money which it has stolen, so that I & hundreds of simpler investors can be reimbursed IN FULL, NOW.

To add insult to injury, we the depositors of KSF(IOM), should not be liable for the costs of the badly drafted, & therefore rejected, Scheme of Arrangement proposed by the IOM Government or the liquidation process. I suggest that should be paid by the IOM & UK Governments, who's financial regulatory bodies failed to have the necessary safeguards in place to protect 100% of investor's money.

Thank you for your support.


Don't need postcode

  • lorraine
  • 14/10/08 14/07/10
  • unspecified
  • Offline
  • Wed, 30/09/2009 - 15:53

You can email your story direct to graeme [dot] delap(?)moneysupermarket [dot] com


Re: No British saver has lost a penny? - Tony C

  • margaretta
  • 22/11/08 31/05/09
  • a depositor
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  • Wed, 30/09/2009 - 15:52

Tony

Thank you. If I remember correctly (no gaurantees) The quote was from yesterdays Telegraph referring to conference speech. They may have been careless with their editing.

Please do you have a link to the quote you are referring to made in Parliament last year.

M


Listen up GB

  • lorraine
  • 14/10/08 14/07/10
  • unspecified
  • Offline
  • Wed, 30/09/2009 - 08:17

I am British
I have always lived in Britain
I was educated in Britain
I have always worked in Britain
I have always paid tax in Britain
I deposited dollars in KSFIOM on the advice of my British bank and British IFA
I believed the British newspapers/Government/Regulatory Bodies that the bank was safe
I signed for withholding tax on this deposit
I have lost money in Kaupthing


IFA

  • dawes
  • 24/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 01/10/2009 - 12:34

Have you sued your IFA and bank? you should be entitled to to your money back.


A Uk Citizen Paying for HMG BIGGEST BLUNDER!!

  • Anonymous
  • Offline
  • Wed, 30/09/2009 - 17:27

let down by MY OWN Government THE LABOUR PARTY!
WHAT ABOUT THE LIKES OF US who DID PAY THE EU DIRECTIVE Tax... as I DID!

KSF IOM accepted my money but it never got to that little island in the Irish sea!!

it was sent directly to KSF UK by CHAPS...

Sooooo I am being penalised for this as a UK Citizen and a British Tax Payer

NO HELP from HMG British and defrauded from money....and still the Labour Government tells us Lies Lies and more Lies..

This was a SCAM from beginning to end If we had defrauded them we would be serving a Prison sentence for less Right or Wrong PEOPLE!

I was Mislead this is illegal!

Aurora


Money supermarket

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
  • Offline
  • Wed, 30/09/2009 - 14:40

Is there anyone willing to tell their story to Graeme Dulap at money supermarket?

http://www.moneysupermarket.com/community/forums/p/25211/kaupthing-singe...


Money supermarket

  • conned
  • 13/10/08 n/a (free)
  • a depositor
  • Offline
  • Wed, 30/09/2009 - 15:04

Teeny weee problem. To login you have to give your postcode. MOST OF US LIVE ABROAD.


@conned

  • anrigaut
  • 19/10/08 30/10/09
  • a depositor
  • Offline
  • Wed, 30/09/2009 - 19:51

My French postcode was accepted without problem ...


my story

  • banna
  • 15/10/08 01/03/10
  • a depositor
  • Offline
  • Wed, 30/09/2009 - 15:04

I am more than delighted to tell the story of how my mother lost all her hard earned savings in the Kaupthing crash. She is now 88 years old and has to live with me her daughter, as she can no longer afford to live in the retirement home of her choice and I refuse to put her into a state funded home. I also lost most of my savings as well. So this debacle has changed for the worst the lives of two people.


My story

  • conned
  • 13/10/08 n/a (free)
  • a depositor
  • Offline
  • Wed, 30/09/2009 - 15:08

There is more than one way of looking at this fiasco. In my case, how did I get the money in the first place? Believe me without going into gorey details, I have made myself out of absolutely nothing. Nobody gave me any money.