SoA and Foreign Currency Account Holders

It is very clear that the SoA as proposed in the Fourth Affidavit of David C Lovett CAN NOT fulfill its stated aims. They are stated to be that the SOA will give a return no less than a liquidation.

This is clearly not possible for Foreign Currency Account Holders who had more than a small amount in Euros or dollars as the SoA fixes the rate as that of the 9th of October

So as far as I can see the SoA as currently proposed is a bad loss for any depositor who had/has a Foreign Currency Account

0
Your rating: None
Comment viewing options
Select your preferred way to display the comments and click "Save settings" to activate your changes.
Early Repayment Scheeme by KSFIOMCRAP
Mike Simpson by bobwin
without checking by Anonymous
thesunnysouth, as elgee by skintagainnow
Thx elgee by skintagainnow
thesunnysouth.In the DCS by skintagainnow
Tao. We need facts. by thesunnysouth
steveservas <> That is not by skintagainnow
sambururob by Anonymous
too gloomy Elgee by sambururob
Apparently 10>15% back from by skintagainnow
Perspective by vikingvictim
follow_the_tao by Anonymous
follow_the_tao I've been by skintagainnow
I agree that this forum is by expatfrance1