Sunday Times Article on our plight

  • IanAbroad
  • 11/10/08 13/08/09
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Posted: Sun, 19/04/2009 - 08:52

Report in the Sunday Times
http://www.timesonline.co.uk/tol/money/savings/article6120755.ece

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I believe that this is not a

  • KA
  • 14/10/08 29/06/09
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  • Sun, 19/04/2009 - 12:56

I believe that this is not a BP article .
And though I agree that it is much more balanced than many other articles , and I appreciate the journalist taking an interest in the story and her editor agreeing to publish something on our plight, there is not enough to celebrate in it . Even the headline gives an over- optimistic slant to the reporting. Yes ,it does give a few hardship stories , but there are many other stories to tell if they really want to highlight the hardship .And like other articles , it leads the reader to think that the SOA is a good deal, that we are going to vote for it , that liquidation is the end of the line and worse than SOA , that pursuing legal action is pointless, that the IOM have worked hard to save us ..............!

The article still does not show up the IOM failures :
that the SOA was written so badly that even after two re-writes, as ordered by the Deemster , lawyers had to work on it to understand it.
that the SOA is just a glorified DCS ;
that the IOMG are not giving us the money , they are LOANING it to us and taking it back as fast as they can
that the IOM lured in depositors by offering an insurance policy guaranteeing £50 000 that they now cannot, or will not , activate efficiently as a simple DCS
that they should never have put £500 000+ of our money , un-ringfenced , into a failing icelandic bank account
that it was our lawyers who worked out a democratic voting system for the SOA
that in fact voting for the SOA is very far from being a done deal unless someone is rigging the votes
that the legal action being considered is not only against the financial advisors of the life companies .Legal action against some on the IOM is also being considered and that legal action could well be successful - even if it is a lengthy process
that there was a parental guarantee from Iceland that the IOM are not pursuing unless pushed by us.
that despite the TSC recommendations, the IOM are pursuing discussions with the UK only under OUR pressure .
And so it goes on..................

We are NOT giving up our right to ALL our money being returned, one way or another. We will continue our pursuit of justice until justice is done.

Lastly, the article used the ICE SAVE logo. Why? Once again, Kaupthing Singer and Friedlander stay out of the limelight...........


Also fails to explain...

  • Anonymous
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  • Sun, 19/04/2009 - 15:24

...why UK savers are "investing" offshore


On reflection, I agree this is not a BP article

  • chris watson
  • 23/10/08 31/03/10
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  • Sun, 19/04/2009 - 15:56

I posted in haste.

This angle here is on bondholders and is not damning enough on the IoM for it be the work of BP.

It begs the question, what are Bell Pottinger doing, and what is their brief?

Perhaps no one believes what they are saying?


@KA article

  • IceCrusher
  • 14/10/08 25/10/11
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  • Sun, 19/04/2009 - 13:19

Couldn't agree more!


@KA

  • bellyup
  • 10/10/08 09/01/10
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  • Sun, 19/04/2009 - 17:54

A very good summation what can we do to bring these points to the attention of the media?
Has anyone got a email address for the editor of theTimes there is not enough space to put these points on the comments section.

Ps I have posted a comment but it appears to be the only one as yet.


Great article

  • maxsweep
  • 15/11/08 31/05/09
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  • Sun, 19/04/2009 - 11:55

It is so good to have such a well-written, balanced article about our situation. What a change from most of the badly researched propaganda which has been in the press over the past 6 months. Thanks to The Times and all involved.


Very clear article!

  • sabi Star
  • 10/10/08 n/a (free)
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  • Sun, 19/04/2009 - 09:27

Alot easier to understand than some postings! What about all the depositors NOT registered on this site?
About 5,400? - we are 2613 only. Where are all the others and what sort of deositors are they - very small ones? How will they vote? If the majority do not vote - how will "non- votes" be regarded? If these people are not registered with us - does that mean they won't vote because for example they can't be bothered etc?


Depositors NOT registered here

  • bellyup
  • 10/10/08 09/01/10
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  • Sun, 19/04/2009 - 11:12

@Sabi Star
This is something that I ask myself all the time .
Who are they and where are they?


The other 5,000

  • keving
  • 13/10/08 31/05/09
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  • Mon, 20/04/2009 - 05:36

They are the under 50K group, most of whom dont have to do anything at all, just sit back and wait for their refund, promised either way, SOA or DCS.


just sit back and wait ?

  • Anonymous
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  • Mon, 20/04/2009 - 06:19

........just sit back and wait for a determined shortish period (SoA) or sit back and wait forever (for <100%) under a liquidation !!


please read the DAG report

  • KA
  • 14/10/08 29/06/09
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  • Mon, 20/04/2009 - 18:46

this is no longer true. In fact, you might be payed out sooner with liquidation


Hi Bobby

  • uptight61
  • 14/10/08 n/a (free)
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  • Mon, 20/04/2009 - 06:57

Evidently timeframes for return under DCS were specified in some earlier affidavits (including that of Simpson)


@uptight61

  • Anonymous
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  • Mon, 20/04/2009 - 07:50

Thanks for that.

Are you saying that I (08 Oct 2008 balance about £26,000) will get my full amount back quicker under liquidation than under the proposed SoA ?

Doesn't Mr Simpson favour SoA ?

Liquidation may suit YOU better (hope you have considered also all the legal costs, the risks and implications of the recession which is just beginning not about to finish ie possible huge financial implications to all governments and jurisdictions, likely future inflation, lack of cooperation from IoM, etc etc).

Think I'll stick with the SoA, unless something better comes along very quickly which will benefit ALL depositors, and not disadvantage me and the majority (by number if not value) of depositors. [I do not know how many depositors are / will be out of the equation after EPS2]


Hmmmmmm

  • chris watson
  • 23/10/08 31/03/10
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  • Mon, 20/04/2009 - 07:44

And we're to believe these timeframes from the IoM but believe nothing else they say or do?

I see.


Hi Chris

  • bellyup
  • 10/10/08 09/01/10
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  • Mon, 20/04/2009 - 19:44

Are you from the Isle of Man?

If so I can understand you may have more faith in the IOMG than others.


No I am not from the isle of man

  • chris watson
  • 23/10/08 31/03/10
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  • Mon, 20/04/2009 - 21:14

and nor do I understand your point?!?


Good article

  • chris watson
  • 23/10/08 31/03/10
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  • Sun, 19/04/2009 - 09:34

Well balanced.

Congratulations to the DAG strategy team and Bell Pottinger.


Change of Tone

  • IanAbroad
  • 11/10/08 13/08/09
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  • Sun, 19/04/2009 - 09:35

Good to see we are now reported, at least in this article, as 'British Savers' and 'victims', and no longer 'tax dodgers'
Congratulations indeed.


Please post a comment everyone

  • bellyup
  • 10/10/08 09/01/10
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  • Sun, 19/04/2009 - 13:12

PLease post a comment everyone putting a relevant point!


I have posted a comment but

  • SgKZ
  • 10/10/08 31/05/09
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  • Mon, 20/04/2009 - 08:52

I have posted a comment but I am yet to have one single comment published in possibly 30 submissions. I don't know what they have against me!


Duplicate

  • SgKZ
  • 10/10/08 31/05/09
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  • Mon, 20/04/2009 - 15:11

Duplicate


Duplicate

  • SgKZ
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 20/04/2009 - 15:10

Duplicate


Duplicate

  • SgKZ
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 20/04/2009 - 15:09

Duplicate


Duplicate

  • SgKZ
  • 10/10/08 31/05/09
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  • Mon, 20/04/2009 - 15:08

Duplicate


Its not you

  • bellyup
  • 10/10/08 09/01/10
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  • Mon, 20/04/2009 - 19:47

ITs not you this seems to be a new thing in papers asking for comments but not printing them.
Are they getting some political advice to keep things quiet?