Have the Cypriot banks been taken into administration? Have the shares been withdrawn from the market and cancelled? Have the bondholders written off their investment? No? Then the banks have not gone through the insolvency process and there should be no question of depositors losing money and no need for bailouts.so if a bank becomes insolvent, and an outside body pumps billions into it, so that depositors receive more than 93% of the money they previously held, what makes you think that the remaining 6.75% of the lost money is being stolen by the government?
the money isn't there. The government isn't stealing it. The EU and other bodies are pumping money in. They're not stealing it either.
The money isn't there because the bank is insolvent.
What makes you imagine that the money is being given to shareholders?
Have the Cypriot banks been taken into administration? Have the shares been withdrawn from the market and cancelled?
Have the Cypriot banks been taken into administration? Have the shares been withdrawn from the market and cancelled?
Not yet.
Is that what you prefer, instead of the bail-out that's been offered?
We have got 95% of the money back even though Iceland has been proved in law not to be liable...We haven't had the money back, we won't be paid interest.
Seems pretty screwed to me.
So how do you propose we (aka the government) can claim interest on money we are not actually entitled to?...
You and your hick cousin really need to acquaint yourselves with the reality of the situation instead of beating your collective chests...
But do carry on digging yourselves in ever deeper as a dreary evening always needs a laugh...
Ellal said:We have got 95% of the money back
The move leaves the UK £2bn out of pocket, and the Treasury is likely to have to wait for years to get the money back as the failed banks’ estates are unwound.
It's a b*llocks link and well you know...Ellal said:We have got 95% of the money back
Ellal, for the 3rd time, here is a link that you are deliberately ignoring (and you are because you responded to my posts).
http://www.cityam.com/article/iceland-let-2bn-debt-uk
January 29, 2013
The move leaves the UK £2bn out of pocket, and the Treasury is likely to have to wait for years to get the money back as the failed banks’ estates are unwound.
You really, really, really don't want to listen to the answer....lolellal
you really, really, really don't want to answer the question:
"are you telling us that Iceland never had a depositors protection scheme?"
It's a b*llocks link and well you know...
Icesave at the time of collapse said that 95 per cent of its customers had deposits of less than £50,000
Officials in the capital Reykjavik said that Iceland has paid IKr 585bn (£2.8bn) of the IKr 1,166bn (£5.7bn)
How about you tell us about the 'english laws' that protect our rights that you have refused to prove exist for the 3rd time of asking?...
So more than 90% then...Officials in the capital Reykjavik said that Iceland has paid IKr 585bn (£2.8bn) of the IKr 1,166bn (£5.7bn) claims from Icesave – this, it says, is the equivalent to more than 90 per cent of the minimum deposit guarantee the two governments were obliged to pay.
It added: ‘It is expected that the Icesave claims will be paid out in full by the actual debtor, the estate of the failed Landsbanki.’
I'm not your mate...Just replied mate.
I'm not your mate...Just replied mate.
(Just in case you get any ideas... )
Officials in the capital Reykjavik said that Iceland has paid IKr 585bn (£2.8bn) of the IKr 1,166bn (£5.7bn) claims from Icesave