Plenty of news coverage today
I was heartened very slightly this morning, noticing the news items following yesterday's TSC meeting. I makes a change from doing a news search on Kaupthing several times each day and seeing nothing new.
There is even something about IFAs and the Icelandic Banks...
http://news.google.co.uk/news?hl=en&tab=wn&ned=uk&q=Kaupthing&btnG=Searc...
(4 votes)
Watch this & smile!
Sarah f has posted the Channel 4 news of last night, it's good news. If you haven't seen it there is another one on the video site of the previous evening.
Channel 4 News 3/2/09
Saw this piece on C4 news including piece from John Thurso M.P who was on TSC and seemed sympathetic to our cause.
http://link.brightcove.com/services/link/bcpid1184614595/bctid10025154001
Channel Four News
I so wish I could take the same heart from this matter that many others appear to be. Isnt it fact that IoM has its own regulator (FSC) and the London based FSA surely has no jurisdiction therefore even if the FSA was found massively "guilty" over this (which is likely to be years from now?) I don't see how this helps us?
I do hope I am wrong here
Legal Action
You are absolutely correct that uncovering the guilt of FSA in this affair is not going to help us in the immediate future. But it can provide powerful evidence for the courts in any legal action that we may take after or parallel to the liquidation of KSFIoM.
can of worms
the TSC hearing yesterday has opened a MASSIVE can of worms for the financial sector, HMG, IOMG, FSA and FSC - GOOD!!!! its about time everyone in this 'scam' is exposed - it seems that everyone had a hand in allowing these corrupt takeovers to happen (singer and friedlander by kaupthing, and derbyshire by ksf) and everyone is now turning away from us honest savers who have been duped. at last, the papers are asking questions...well done Diver and team and everyone else who has helped get us noticed. we need to keep going to ensure 100% return of everyones money.
Guardian Piece
.
Not a proper fit
The Financial Services Authority (FSA) has made a deeply unsatisfactory response to the allegations made by Tony Shearer, former chief executive of Singer & Friedlander. To recap: Shearer told the Treasury select committee that he had warned the FSA in 2005 that Icelandic bank Kaupthing was not a "fit and proper" business to own a UK bank.
The FSA, in response, says it "made a full assessment of the situation at the time, including consulting with the home regulator". But consulting Iceland's regulator is surely irrelevant. The FSA should make its own judgment. What did its "full assessment" involve?
"It is important to note," continues the FSA, "that the failure, three years later, of Kaupthing Singer & Friedlander related to different issues." But that's a matter of judgment. Kaupthing's ability to withstand the global financial crisis surely can't be divorced wholly from the competence or otherwise of its management. Note to the MPs: recall the FSA as a witness and get some proper answers.
nils [dot] pratley(?)guardian [dot] co [dot] uk
guardian
http://www.guardian.co.uk/business/2009/feb/04/viewpoint-bp-oil-gas
found this hidden in article about B.P. Journalist is Nils Pratley
Times on Line 4/2 -- Probably the best news report to date
This is probably the best media report so far.
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...
NOTE: there is opportunity to comment briefly on the report.
Everyone should do so as this is in line with DAG's Strategy & Tactics
Times Online
Just posted my comment... come on everyone else do the same....
Guardian too
Nick Hartley in the Guardian is excellent too. Urges the TSC recalls the FSA to explain itself properly.
Also has facility to add comment.
Guardian Link Please
Sambururob, pls can you post this link as I can't find the story or the journalist on the Guardian site. The Guardian is quite useful as it is more relaxed in its moderation of postings.
guardian blog
http://www.guardian.co.uk/business/2009/feb/04/viewpoint-bp-oil-gas
scroll to the bottom of the article
my mistake - the author is Nils Pratley - hence you couldn't find before!! Sorry to waste time.
Guardian Blog - 1 comment only!
Thanks Sambururob.
It's a good opportunity to post on a lightly moderated blog (unlike the Times et al) but so far only 1 comment.
Guardian blog - word processors out people!!!!!
Have just sent a comment to Nils. Didn't have time this morning. Hopefully over the next few hours this number will rise exponentially!!!!! Word procesors out everybody!!!