boomer

Icelanders are NOT terrorists

Shame on Broon and Dahling!

mb

warrenm2

surprised there has not been more outrage about this - next time some new terror law is passed saying it is to protect you, and wont be used for anything else (think old man shouting "rubbish" .... )

boomer

This page shows how disgusting (and embarrassing for us Brits) Flash and his painted eye-browed stooge are (two-faced back-tracking cowards)!!!!

FFS, i reckon that the Iceland petition has a higher percentage of the population supporting them than NuLab achieved to get into power the last time around.

mb

scoobynutta555

My my, some people have short memories!


Cod Wars - Wikipedia, the free encyclopedia

No sympathy for the greedy *******. They have got their fingers severely burnt this time and I hope their economy collapses. If they weren't so greedy they wouldn't be in this mess. The UK gov't have every right to protect their money, after all it is our money. What would you rather happen, them Icelandics sticking 2 fingers up at you will billions of YOUR money?

Something positive that Brown has done. You have to play hardball when it comes to these matters or you'll be walked all over. Don't let a few PR T-shirts fool you.

Suresh

Icelandic Banks have taken Icelandic and foreign deposits. If you live in Iceland somewhat conveniently you can still access your money. If you are a foreigner you can't. In short they are stealing money from British citizens to give to their own

If you support this state of affairs, then go ahead and sign the pathetic petition, traitor.


The Government invoked a convenient law to represent BRITISH interests because the Icelandic Government wasn't going to do so by themselves. Otherwise they couldn't seize Icelandic property here. Good move as far as I am concerned.

Hanley

^^^^^^^^

What he said

Leslie

It is an indication how these laws might be used for the authorities' convenience in the future.

I still have not forgotten that 80 year old being arrested under those laws at the Labour conference when he mentioned that Straw was speaking rubbish!

Les

coolangatta

Neither me Les.
However; in this case the law was used to protect 'British interests' so I don't give a ****.
When it's used against us I'll shout loud and long.

vindaloo

There is a big problem with that approach. In the the authorities will always have a bigger stick to hand in an immediate or crisis situation, than the electorate (poor sods on the receiving end).

J.

Removed.

So, just out of interest, does the British protection of depositors regulations cover money belonging to foreign nationals living abroad, who have money in British banks?????? If so, then, fair enough, but if not, than why should you expect other nations to protect foreign investors. If you are going to put money you can't afford to lose into a foreign bank, governed by another nations laws, should you not check what would happen if it all goes pear shaped?

boomer

...but this isn't about fish, although if we as a country had the same ***** to enforce a 200 nautical mile fishing zone as they tried, maybe the EU wouldn't be screwing us so much (and the Spanish stealing as many baby fish!).

Er, the government invoked an inappropriate law, in what is probably an illegal way, to freeze the assets of innocent people! What next, will they create a statutory instrument to allow them to nuke any country that it has a minor tiff with (so long as it can't fight back)??

How would you feel if Russia declared that the UK invasion of Iraq (or Afghanistan) was illegal and decided to nuke us out of existence??

The website at the top consists of innocent citizens like you and me (not bankers or politicians) who are rather upset by the disgusting behavior or Broon and Dahling. Iceland seems like quite an open and friendly country, unlike our evolving police state!!

mb

Removed.

Exactly, no cod left in the North Sea, guess where there is now. Extract from the Wiki entry posted previously.

In 1972, Iceland unilaterally declared an Exclusive Economic Zone extending beyond its territorial waters, before announcing plans to reduce overfishing.

But back on topic, this has nothing to do with fish.

Suresh

Its the former rather than the latter. The Icelandic scheme 'protects' foreign depositors as well as domestic up to a ceiling figure. This is a standard EU model. Iceland has apparently reneged on their scheme.

The Icelandic scheme is unable to pay back all depositors, despite the central bank recently saying that they could guarantee all deposits* Iceland has reportedly restricted refunds to domestic savers only and thereby have effectively raised two fingers to foreign depositors. Not acceptable in my view - nor in the UK Government's as luck would have it.

* See C4 article from March 2008. Surprisingly relevant!
Channel 4 - News - How safe are your savings?



That is a collection of the most ridiculous arguments I have seen here in a long time. You appear not have the slightest idea what this is about.


The assets of Lansbanki (owner of Icesave) have legally been frozen in an attempt to ensure the UK saver (and taxpayer) doesn't get shafted to the tune of at least GBP 6bn by the failure of Iceland's banks and economy. Unfortunate that anti-terrorist legislation had to be used against the company I admit, but better than letting them get away with it.

If the UK government had refused to pay Russia 6bn it owed, then I would rightly expect Boris to get more than a little bolshie about it.

Really, what is 'open and friendly' about withholding such a large sum of money from its rightful owners?

The situation is unfortunate for the rather delicate people of Iceland, but if they don't want to be offended, then perhaps they should return the money they have stolen? If they can't return the money they owe then they should STFU until they can. Quite simple really.

All IMHO of course.

scoobynutta555

Well said! I stand by my original post. Imagine the grief the UK gov't would get if all our money deposited over there vanished. The bleeding hearts on here would be the first ones complaining over the extra taxs we'd have to pay to cover it. About the only thing the Brown and Darling show has done well IMHO.

And the cod war, payback's a bitch aint it!

ScoTTyB

I'm not happy with anti-terrorism laws being used. It sets precedent to be used more and more often, eventually being used on us.

Suresh

Fine, but what would you have done instead?

scoobynutta555

Sat there hand wringing while several billion of your money went up the swanny!

boomer

...so do you know definitively what might happen, now that Broon has declared that an entire country is a "terrorist"?

Don't forget that the Ruskies are chatting with Iceland about helping them out financially - with the offer of an airforce base being built on the island. So what if they then decide to impose a 200 mile sea and air exclusion zone, but this time enforced by "Boris". Our warships might not be quite a cocky as they were with the cod-war Icelandic gunships when faced with a slightly more powerful army!

Broon and Dahling have opened up a can of worms here, and it will take years to sort out the political damage that they have caused.

It's not my job, but Dahling seems to have failed in his by not taking action several weeks ago when the state of the Icelandic banks was starting to look a bit shaky. But freezing the assets that would help prop up Iceland wasn't the smartest thing to do - he may well have been the cause of the collapse!

mb

Suresh

The Icelandic banks were already looking shaky in March '08 according to the CDS spreads quoted in the C4 article I linked above. Just before Iceland failed, apparently the country spreads were even wider than these levels and the bank spreads were not even quoted anymore. The financial markets had clearly lost all confidence and failure was only a matter of time .


You argue that he should have taken action earlier (which would have caused the banks to prematurely fail) and then criticise him for actually doing so later. I seriously suggest you keep away from financial market threads rather than embarrassing yourself with 'facts' you read in the Mail on Sunday

HTH


P.S. Russia pulled out of any deals to finance Iceland last week and the IMF stepped in to do so instead. Try to keep up!

GC8

He shoots.....

boomer

mb

GC8

HE SCORES !

boomer

From The Beeb BBC NEWS | Business | Iceland set for $2.1bn IMF help

The Fat Lady still has to sing

mb

Suresh

GC8

Well: I was referring to you, but he replied within the 30 seconds waiting time between the first and second post...

Devildog

Do we really think that Brown and Darling care a toss about the private UK investors who stand to lose money in all this?

I would suggest that the only reason inapproriate legisltaion was conveniantly applied here is becasue of the tens of millions of £ that UK local authorities had on deposit in icelandic banks.

As for the cod wars, Iceland at least had the ***** to do something our government should have done at the time, and told the rest of Europe to **** off out of "our" territorial waters and catch their fish somewhere else.

Of course the icelanders are going to look after their own peoples interests first. Its exactly what ANY nation would do in the circumstances.

The implications are far reaching - you just can't go siezing assets on a whim (because even after what hapened with BCCI no government passes legislation to ensure that local authorities deposit our money in absolute security).

Caught with their pants down again, and the usual knee jerk reaction.....

They really are the most incompetent bunch of tossers yet....

scoobynutta555

So our gov't aren't allowed to look after our interests first?

Devildog

Well they should be, but have pretty much missed the boat all the way along. This is unquestionably an ill founded knee jerk reaction that may ultimately cause us more pain than gain.

Seizing (or more appropriately freezing) assets is one thing. Being able to actually do anything with them is a whole different (legal) ball game. All we have now is a stalemate where no one can use the assets, which may actually worsen the position in Iceland. Which, in turn, may make it even worse for "our" propects of recovering anything.

If nothing else, its certain to harden the Icelander's resolve NOT to look out for the interests of Uk depositors.

scoobynutta555

We'll see when it all comes out in the wash. I think it's a brilliant move.