We Need a Strategy for Next Few Days

  • broke1
  • 13/10/08 31/05/09
  • unspecified
  • Offline
Posted: Tue, 21/10/2008 - 03:22

Possible strategies for coming few days

Firstly, these are just thoughts. There are many people on this site with much more savvy than me regarding this situation, and I so appreciate the efforts being made by those of you in London and IoM. As an expatriate now 'stuck' abroad, all I feel I can do is email, mostly following suggestions I get from this website. However, please respond to these following ideas, and put me right as necessary!

It seems to me – based on what I myself feel I can do as an expatriate overseas - that we should:

  1. request to FSC that they postpone the court hearing scheduled this Friday – to give Mike Simpson and others time to work on recovery of the borrowed assets (so making the sale of the bank more likely)

  2. lobby the British Government via MPs to see the importance of separating these assets on loan from the Isle of Man from the UK depositors pay-outs and returning to the IoM, or responding in kind by using other diplomatic means to ensure that the bank doesn’t have to be liquidated. 9There is still the question of the guarantee form Kaupthing's)

  3. draft a statement that concisely explains the situation so far – to send to the media

  4. Approach the media as individuals with stories that help to debunk the public myth that off-shore banking is a tax-dodge, to be published around next weekend (that is, assuming that by then we have persuaded FSC to postpone the hearing

0
Your rating: None

Comment viewing options
Select your preferred way to display the comments and click "Save settings" to activate your changes.

Just on reuters. good news?

  • skintinKL
  • 13/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 08:25

Good news?

  • Monkeyface3604
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 21/10/2008 - 16:35

Not really im afraid, i read elsewhere that they paid less than i million for it!!!
The vultures are already circling!!!


malc i am spending the day

  • expat
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 21/10/2008 - 08:12

malc i am spending the day with a channel 4 news crew and an FT reporter doing exactly that so 'll be offline a lot today as will ave Bradden and elpusout as we are all involved in doing this
we will get this story in tot he media as best we can


Go Expat

  • Anonymous
  • Offline
  • Tue, 21/10/2008 - 08:19

Go for it Expat. And Thanks!

Mat


Strategy for Non-Experts

  • Anonymous
  • Offline
  • Tue, 21/10/2008 - 06:29

I think it's important for "Core team + Experts" to know that we support them 100% and are mightily appreciative but that we need to know what WE (the well-intentioned) should do.

No point us rushing about like headless chickens.

We've all (hopefully) contributed to increasing awareness but we are very aware of the fine line between this and antagonising those that could help us (ie being counter-productive !!).


There is no real core....

  • Anonymous
  • Offline
  • Tue, 21/10/2008 - 08:56

The KSF IOM Depositors site has no real backroom core of private individuals .

There is a small 'private' forum, but this is actually rarely used; basically just arguments that should not be held in the public arena and discussions about the website and functionality. The people using the private forum consist of depositors with specific skills and helpful contacts.

99% of discussion is held in the public forum which we can all read.

The 'on the ground' guys (Folk like- but NOT restricted to - Expat, elgee, Diver, Sleeplessnight, etc....) do the arduous foot work. These are the people who deserve our support and heaps of gratitude.

To help them, we really need to ensure the people who are in a position of power and ability to affect the outcome know that this is very much in the public eye and could affect their support. They have very very good 'filter' systems that mean getting the message that Brits are suffering through to them is either expensive or near impossible. That is why a constant and sustained stream of correspondance to media organisations is needed. These are Journo's and they wont be 'antagonised' by lots of correspondance coming in - quite the opposite, the more they receive the more they will see a story and the message we need to get out will be printed. I sat next to that Brown man on a plane from London to Edinburgh in 2004 (even swapped seats with his PA; no 'thankyou' was heard, i add...) and these polititians are obsessed with the media and what is being said; during the flight he worked through half a tree's worth of the days newspapers. So when you get something in print or on the TV or radio it WILL make a difference. If we can make this a major UK media story then the Gov will be forced to acknowledge us. If we show that we intend keeping the story in the public eye then they will do what they can to make us go away and not affect their chance of re-election, which will mean we get 100% back as that is the only way to shut us up.

So. Stop conjuring up a small team of backroom experts and legal magicians all in secretive smokey room discussions who will make it all right for us, as they simply do not exist. With this site, you get what you see, so get out there and carry on hammering this story into people - and make sure they KNOW we are NOT tax dodging fatcat layabouts!! Yesterday my resolve wavered a little (see stories etc....) but right now i feel angry again and i'm using it to push me on. The site header will always state the current priority tasks we can do, so follow that when bored with journalists - we put that up, based on requests by the ground teams and events; then follow it ourselves (i personally have sent 19 seperate questions to the TSC and shall continue to do so - i all of us only get a single question posed out of the hundreds sent then still consider the work worthwhile - this is what it will take.

We are NOT going away until we get our Money back. Full stop Mr Brown. And in that we are all united!!!

Bobby, hope that helps. Sorry it was a bit of a 'rant', but Brown and Darling are starting to get under my skin :-)

Mat Walker


Media - Investigative journalist

  • malc
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 06:15

Just a thought....does anyone know an investigative journalist who may be interested in exclusive story. at the moment it seems that the general press aren't too interested...not a big enough story perhaps.

We could do with a 'terrier' who is prepared to take the story and run with it.

Sealed court orders, anti-terrorist rules, conflicts of interest, possible banking collapse, misapplied company rules, lost millions... sounds like cloak and dagger stuff of a great story to me.........

"Lost millions - who's my Darling now"

malc


further to investigative journalist

  • broke1
  • 13/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 21/10/2008 - 07:01

What about the international news networks - Aljazeera, Sky are the two I know of, who might have the kind of journalist you're thinking of. But as you suggest, it's got to sound more sensational.

Meanwhile, I wonder what approach we can take with the media that most realistically anticipates the outcome of Friday, to catch the media at the weekend. Could one approach be around debunking the tax-dodging myth? This is within the scope of many of us - but we'd need to know more clearly how the tax system works with off-shore banking, and compare our individual situations with that. This would be a bridging idea between this week and next. Last weekend we had excellent coverage, but what will there be this-weekend?!

Jumping the gun, and assuming there is a postponement of the hearing, would it be an idea to do more through the geo groups. Discuss, meet, focus, and have representatives that debate through the website, without diminishing the present scope of the site?


BBC Working lunch

  • Last Bel
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 21/10/2008 - 06:36

The daily program in the UK Working lunch.

I assume they have already been contacted by us?


Lobby the opposition

  • adambw
  • 13/10/08 31/08/10
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 06:00

In addition to any strategy, have we done enough to lobby the opposition? I'm writing to David Cameron and the Shadow Chancellor. (as well as numerous other letters sent elsewhere).


Expat Stratedgy

  • Mekong
  • 14/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 03:36

Broke1

Another thing we can do is send in many questions to Treasury Select Committee (see separate thread)

Here in Bangkok I have been paying daily visits to the British Embassy hand delivering letters to Quenten Quayle (a Manx name if ever I saw one) the British Ambassador to Thailand.

Another idea that springs to mind is to petition the High Court at 10AM Friday 24th outlining the reasons why KSF IoM should not go into liquidation.


Treasury thread

  • broke1
  • 13/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 21/10/2008 - 04:51

Okay, seen this Treasury thread!


further to Expat Strategy

  • broke1
  • 13/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 21/10/2008 - 04:48

Mekong

I emailed the British Embassy in Bangkok and apparently got the email sent on to the treasury. Earlier, a phone call got the reply that 'civil' matters were outside their jurisdiction. But I will follow your lead, and deliver something by hand, earliest tomorrow. Depending on the verdict on Friday, if any, maybe the geographic threads should get together. The trouble is, the whole thing is a very steep learning curve for me. I've never taken risks - or at least, thought I was never taking! - risks with finance, so have never developed any, now necessary, knowledge. And I must not be the only one in not even having used the internet so extensively before.

There must be hundreds of us logged onto this site, feeling completely impotent. And from this view, the whole thing remains very abstract. Again, depending on Friday, maybe we should try to 'visualize' the situation and ourselves more. I could contribute more to that.

Meanwhile, at least for expats overseas, we can at least keep lobbying. I hope, however, that some of the more knowledgeable guys will formalize a strategy - whether similar to my suggestions or not doesn't matter - as long as they are the most reasonably founded, given what we now know.

This can be the abstract lobbying expats-abroad strand!

You mention questions to the Treasury. What likely strong ones do you have in mind?


Further Further

  • Mekong
  • 14/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 04:55

Broke1

Questions can be as simple as anything such as

Why are we being punished?
Why are our assets Frozen?

You get the idea, it is not the quality of the question but the sheer volume we can flood them with, if 75-80% of the questions to the Select Committee are from KSF IoM Depositors we may make them sit up and take notice.

For Thailand / SE Asia actions we should discuss on Geo: Thailand group, keep tis thread for general discussions


The only thing that matters

  • Captain Mainwaring
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 03:40

The only thing that matters now is to have the petition set aside, but I suspect that Mike Simpson knows that is not going to happen. He keeps waffling on about a buyer, and he is well aware that there is intense political activity and refunding going on, but he still considers that the liquidation is a foregone conclusion, and why wouldn't he with the amount of money he stands to make?


Liquidator will want to liquidate.

  • BustedFlat
  • 20/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 07:28

Just my two penneth :

Pessimism: I agree it is probably unreasonable to expect the liquidator to do anything other than liquidate KSF IOM asap and take his fees. Thats his job.

Optimism: Cant see how KSF IOM investors can enter an endgame out of pocket here though. If its true the UK gov has swiped 5 or 600 mio of IOM funds and it can be proven that this is the case then they have to return it otherwise Id expect that they can be sued. Since KSF Iceland didnt go bust as such the Iclandic govornment is now liable for any real losses from KSF IOM.

I guess the prob is that this is an issue between governments and individuals are hard put to influence the scenario, whether they are in the right or not.


Liquidator will want to liquidate

  • Mrs Not Too Happy
  • 12/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 07:37

What a wonderful job for him - he will make his fortune out of us - one problem - the decision to liquidate in not up to him. Let's hope we can buy a little more time.

It looks as if the politicians need to bang their heads together and sort the mess out but I'm not confident that's going to happen


Well, he may not, he could be

  • Captain Mainwaring
  • 11/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 07:40

Well, he may not, he could be out on his ear at the first meeting if we so choose.

Seems like the FSC is the new port of call for action. Are these guys full time, or do they run florists and toy shops like the rest of the Isleland?


broke1

  • bellyup
  • 10/10/08 09/01/10
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 03:46

I agree with your points.
Meanwhile I am finding the site more and more difficult to find anything on. ( where have the drafts gone)
I have emailed just about everybody but feel there need s to be a tick box of THINGS TO DO.
Maybe there is one and i cant find it.


Broke 1

  • Mrs Not Too Happy
  • 12/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 21/10/2008 - 07:51

Good idea - I would like to see some sort of master sheet of what must be done !!