Councils who invested in Icelandic Banks.

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This topic contains 8 replies, has 6 voices, and was last updated by Profile photo of Inez Inez 8 years, 1 month ago.

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  • #54399
    Profile photo of Anonymous
    Anonymous
    Participant

    I know this has nothing to do with Spain but it is I am sure, of interest to us Council Tax payers who live in the UK.
    http://info.itvlocal.com/icelandic_investments.shtml

    Our Council is No. 3 on the list of the highest investors. Makes me soooo angry especially when we have fortnightly refuse collections! 😈 They are sitting on millions of our money. 😈

  • #86851
    Profile photo of Anonymous
    Anonymous
    Participant

    Ours is number 1. Now services will be even worse!!!!

  • #86864
    Profile photo of Anonymous
    Anonymous
    Participant

    Getting the money back is going to prove difficult – Iceland is bankrupt.

    I’m not surprised. The Icelanders have been living well beyond their means.

    Are you aware that some families in Reykjavik own not ONE, TWO or even THREE but…………

    FOUR PUFFINS ….. 😯 😯 😯

  • #86883
    Profile photo of angie
    angie
    Spectator

    If the UK Gov’t guarantees 100% repayment of UK deposits for private individuals (who may have known of the risks) in Icelandic Banks, does this now make a mockery of the £50k limit now on deposits in UK Banks. Supposing a Bank folded, would the UK really only guarantee £50k, that would seem unfair methinks?

  • #86889
    Profile photo of katy
    katy
    Spectator

    I saw an amusing letter in the Times on Wednesday, can’t remember exactly but was something similar

    “I lost a lot of money on the 4.30 at Kempton..can I take it that the Government will now be stepping in to guarantee my risky losses!

  • #86926
    Profile photo of angie
    angie
    Spectator

    I still can’t understand why the UK have taken steps to guarantee 100% of savings in dodgy Icelandic Banks but only £50k in UK Banks, no Economist or Politician has answered this yet, nor how much extra this 100% guarantee will cost the UK. 😕

  • #86927
    Profile photo of Anonymous
    Anonymous
    Participant

    Coulds it be, that if they gave 100% guarantee and one or more of these banks folded, we would have to declare the Nation bankrupt?

    There isn’t enough money in the system for everyone to get their money back. Don’t forget that a lot of our money has disappeared with the falling stock market. 👿

  • #86931
    Profile photo of angie
    angie
    Spectator

    We could very well go bankrupt if all UK deposits were guaranteed 100% and a Bank or two folded, but that makes it all the more strange why they did it for savers in Icelandic Banks.

    Lets face it, if a UK Bank folded and savers only got back £50k, there would be uproar with cries of foul play re the UK’s Icelandic ‘U’ turn.

  • #86943
    Profile photo of Inez
    Inez
    Participant

    If the UK goes bankrupt, will Santander buy it up???

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