BS: Iceland. Uk and Netherlands to sue.

Subject: BS: Iceland. Uk and Netherlands to sue.
From: Arthur_itus
Date: 10 Apr 11 - 03:37 PM

I hope they do.

It's all very well for the people of Iceland voting not to pay their debts, but that is not good enough.

http://www.bbc.co.uk/news/business-13029210

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: gnu
Date: 10 Apr 11 - 03:46 PM

Good editing mod.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Arthur_itus
Date: 10 Apr 11 - 03:52 PM

Not editing. They deleted it.

I have reposted and I have toned it down.

We in the UK are also having a very tough time and for people in Iceland not to stand up to their responsibilities is just not good enough.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: pdq
Date: 10 Apr 11 - 03:56 PM

Actually, they intend to pay back the debit in full...with shiploads of whale blubber.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Arthur_itus
Date: 10 Apr 11 - 04:01 PM

Whale blubber! well LOL :-)

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: artbrooks
Date: 10 Apr 11 - 04:37 PM

Well, since Landsbanki/Icesave was entirely privately owned when it collapsed, why should the citizens of Iceland have to deal with increased taxes and decreased services in order to repay the citizens of the UK and the Netherlands who leapt at the chance to make lots of money? Just asking.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: McGrath of Harlow
Date: 10 Apr 11 - 04:39 PM

Those were private banks that ripped everyone off, including the people of Iceland. They weren't owned by the people, why should the people be responsible for those debts?

Sue the bankers.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: GUEST,John MacKenzie
Date: 10 Apr 11 - 05:03 PM

So it was wrong for the UK government to reimburse those in this country who lost out, when the banks went bust, was it?

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: gnu
Date: 10 Apr 11 - 05:41 PM

Glad you toned it down. Skarpi is out of work and lost his house.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: skarpi
Date: 10 Apr 11 - 06:23 PM

pdq if you think this is funny then you should think again and hope you will never run into me / you might end up eating rotten shark and drink Ice cold Black death ( Brennivín ) .

if you find the statement from the President of Iceland , both UK and Holland will get fully paid , the media on the other hand are telling wrongly about this / or has

And yes why should the public pay it was a private bank , who gamed high .

And don´t forget that UK put Iceland on a terrorist list beside Bin Ladens group ..and that has not been forgotten by the Icelandic people and many of us will never forgive that , A nato nation but another nato nation on that list , ? one for all , all for one ? I wonder if those words mean anything after this ...

yes people in other country ´s are having a bad also , Spain , Portugal , Ireland , Italy , UK ...Scotland and its not finished yet and who to blame ? the bankers , they are to be blamed for all of this
while we have lost our houses and our jobs , hey get paid high bonus ,
for what ? put me bankrupt ? Yesterday I said NO to that agreement
and why , because the public should not pay for the private banks and also to tell the bankers that when they go over , they just can´t throw the debts to public to pay , that has to end and it ends now , and I hope that people in all Europe will help us to make that happen.
We don´t pay the bankers debts anymore , they have to take the loss them selfs .

I feel sorry for all who are out of jobs and lost their houses .
but we will rise again and with faith and hard work we will be Okei .

if those words hurts any one then I am sorry , its not my intention.
all the best Skarpi

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: ollaimh
Date: 10 Apr 11 - 09:59 PM

ok now i hae to ask. skarpi when and why did the uk put iceland on the terrorist list?

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: artbrooks
Date: 10 Apr 11 - 10:13 PM

That was apparently the only legal way to seize assets in the UK of the bank that went under. More here.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: GUEST,Rapparee
Date: 10 Apr 11 - 10:35 PM

Suing the people of Iceland smacks of the Versailles Treaty. Arrest those who caused the problems and punish them as appropriate. My own suggestion is blóðugr örn, but I admit to disliking things as easy on those convicted for crimes such as this -- against humanity, you might say -- with punishments such as jailing.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: GUEST,giovanni
Date: 11 Apr 11 - 02:42 AM

"So it was wrong for the UK government to reimburse those in this country who lost out, when the banks went bust, was it?".

Yes.

g

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Lizzie Cornish 1
Date: 11 Apr 11 - 02:58 AM

Well said, Skarpi, and I truly hope you find work very soon, enabling you to get your life back again.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Arthur_itus
Date: 11 Apr 11 - 05:25 AM

I don't really care, as long as we in the Uk and Netherlands get the money back from somebody. I am sure they know who to sue.

About 25 years ago, I lost my job and home, so I know how you must be feeling Skarpi. However, I am sure you are like me and have dusted yourself down and started all over again. I also paid all my debt back from it, over time. I was responsible and didn't run away from my debts.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Backwoodsman
Date: 11 Apr 11 - 05:46 AM

I understand where you're coming from, Arthur, but the simple fact is that these are not the debts of the Icelandic people, so why should every man, woman and child in Iceland be expected to pick up the tab whilst those whose debts they undoubtedly are, the Banks, escape their liability.

It's not the people of Iceland who are running away from their debts, they aren't their debts in the first place. It's the Wanker-Bankers doing the running.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: skarpi
Date: 11 Apr 11 - 05:58 AM

but the simple fact is that these are not the debts of the Icelandic people, so why should every man, woman and child in Iceland be expected to pick up the tab whilst those whose debts they undoubtedly are, the Banks, escape their liability.

It's not the people of Iceland who are running away from their debts, they aren't their debts in the first place. It's the Wanker-Bankers doing the running.

This says all what have to be said , thanks Backwoodsman

and just so you know , once again the UK and HOlland will get their money back , there has never been the intention from behalf of Iceland not paying back , only words of stupid politics have said the otherwise
and notice that this is just a big political game and a plot and bankers have their hands in there as well to secure their greed

all the best Skarpi

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Backwoodsman
Date: 11 Apr 11 - 06:09 AM

No problem Skarpi. I do believe the debt should be repaid, but by those who caused these problems in the first place. It's just not fair for anyone to expect citizens to pay for the mistakes of private enterprises, especially where those mistakes are the result of the obscene greediness of the managements of those private enterprises. And that goes for our own problems in the UK too.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Leadfingers
Date: 11 Apr 11 - 06:29 AM

Apparently , the Fat Cats who ran the Icelandic Banks that went belll up have salted most of their ill gotten gains in OffShore Accounts , and the Icelandic Government has not found any way to get the bastards to make any reparations .
You cant blame Skarpi and his friends for deciding NOT to bail them out !

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Backwoodsman
Date: 11 Apr 11 - 06:50 AM

Precisely, Terry.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Nigel Parsons
Date: 11 Apr 11 - 09:51 AM

When 'Icelandic' banks were offering higher rates of interest than 'English' banks many local councils made deposits with them to maximise their income. At that point someone should have asked "Why are these banks able to offer better interest rates". If an offer seems too good to be true then it probably isn't true.
The UK government can hardly complain at Iceland's failure to monitor its banks, as our own banks were not under sufficient scrutiny either.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Arthur_itus
Date: 11 Apr 11 - 10:20 AM

All good points.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Backwoodsman
Date: 11 Apr 11 - 11:35 AM

Thanks Arthur.

I'm sure that everyone, Brits and Icelanders alike, absolutely agrees with you that there's a debt that should be repaid, but beating the ordinary people of Iceland with a big stick for something they didn't do is like kicking the poor sods when they're well and truly down. Seems that way to me anyway. I think they've probably been hit far harder than most of us over here, and it's bad enough for us so what must it be like for them?

I'm lusting for blood over this too, but it's not the likes of poor old Skarpi's I want to see - it's those grasping, greedy, selfish excuses-for-human-beings that brought this pile o'shite down on our heads.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Jack the Sailor
Date: 11 Apr 11 - 04:00 PM

I think that anyone depositing in a bank in another country needs to realize that they are taking a risk. In the US and Canada there are accounts that are insured but the governments and those that are not there is a limit on the size of those accounts and they do not pay high interest. In the US I do not thing you can get 2% on an insured deposit, much less 5%.   

It looks as though the UK and the Netherlands took it upon themselves to bail out foreign depositors, other than to use the Icelandic legal system to make the assets of the guilty banks available to creditors, morally Iceland seems to have no obligation to make good on that unless specifically foreign accounts were insured. This aspect of the crisis seems to be entirely caused by the British and the Dutch.

On the other hand, morals and principles aside. If Iceland wants to have favorable, trade with the EU and other countries who call themselves free market but bail out bankers. The people will have to pay.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: katlaughing
Date: 11 Apr 11 - 04:09 PM

Good thoughts and luck being sent your way, Skarpi. May all improve and bring you back your prosperity.

kat

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: skarpi
Date: 11 Apr 11 - 07:07 PM

thanks Kat , Nigel the banks made a big Act , to fool people to gain money to make money , they gave them self money to buy from them self to
get even more money ? and best of everything those men live now in London
and Luxemburg in their luxery houses and life and and the Icelandic Government has done nothing to get arrested , only question them
and then let them loose , Maddow was taken and put to jail for 120 years
but these men get to go free ...but a nation bankrupt and get a klapp on you r back and walk free from it , if you steel meat or a bottle of wine
you are but into jail straight away , but if you put a nation on the head you can walk free and leave all the debts for the people to pay .

sorry I am angry because they walk free , those men should be in jail
or we could take away their Icelandic right to be Icelandic.

all the best Skarpi .

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Rapparee
Date: 11 Apr 11 - 08:22 PM

That's an interesting thought, Skarpi: take away their Icelandic citizenship, revoke their passports and other documents, and leave them without a country. I wonder what that would do to their ability to stay where they are, get money from their bank accounts, and so forth.

Where do you go if you are country-less?

I too am angry -- because Iceland, Portugal, Ireland and the rest of Europe aren't the only countries affected by these swindlers. The US government bailed out I-don't-know-how-many companies.

I suppose we could all remember the old proverb "If it sounds too good to be true, it probably is" but looking back is always done with perfect sight.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Sandy Mc Lean
Date: 11 Apr 11 - 09:20 PM

Banks have always been built for and by cheating depositors. In almost all cases they are privately owned corporations. The average Joe in Iceland or anywhere else has no part to play in their creation, regulation, rewards or demise. Therefore they should not share in their losses if they were not in a position to share in their gains! Somewhere the money always still exists in the pockets of some bastards who came out on top. Maybe the money is sitting in a Swiss bank or other hiding place, so sue Switzerland instead and throw the banking executives in jail!

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: gnu
Date: 11 Apr 11 - 10:35 PM

Sandy... good point. Bernie Madeoff (spelling?) made off with billions of dollars and the people in charge of bringing him to justice say they don't know where the money is???? They can't find it??? It just diasappeared???

The billions of dollars lost by the big banks and the big auto companies just vanished?

Billions gone. Nobody has any money.

But the US and UK can launch $600,000 cruise missles in the hundreds into Libya?

Fuck me.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: skarpi
Date: 12 Apr 11 - 04:20 AM

good point there Gnu , and yes we should take away their Icelandic citizenship, revoke their passports and other documents, and leave them without a country.

the money will found , when we take away their right to Icelandic .
thats the treat ,Icelandic citizenship for the money ....

and of course then Jail .

but our Government are so sick and weak that they can´t do any thing , they are useless , the only thing they can do is lick the ass of the IMF . Sorry about those words .

all the best Skarpi

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Deckman
Date: 12 Apr 11 - 05:30 AM

What we are witnessing here is the complete failure of the capitalistic system. It's affecting everyone, in all countries, some more than others.

The basic system of money lending assumes that there will be winners and losers. It's been that way forever. The banks, in many countries, were successful in changing the rules suffiently to "get mine ... before anyone else got theirs." Pretty simple really ... it's as old as greed itself.

Many, many people, and social systems are screwed. bob(deckman)nelson

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Penny S.
Date: 12 Apr 11 - 08:16 AM

Interesting piece in the Guardian today.

What Iceland did better

Penny

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Rapparee
Date: 12 Apr 11 - 10:46 AM

...Four years he fought and he fought unafraid
Sniffing down traitors by traitors betrayed
Marat in the courtroom Marat underground
Sometimes the otter and sometimes the hound
Fight ing all the gentry and fighting every priest
Businessman the bourgeois the military beast
Marat always ready to stifle every scheme
of the sons of the arse licking dying regime
We've got new generals our leaders are new
They sit and they argue and all that they do
Is sell their own colleagues and ride upon their backs
And jail them and break them and give them all the axe
Screaming in language that no one understands
Of the rights that we grabbed with our own bleeding hands
When we wiped out the bosses and stormed through the wall
Of the prison they told us would outlast us all...

                      --Peter Weiss, "Homage to Marat"

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Richard Bridge
Date: 12 Apr 11 - 03:01 PM

Indeed Penny, I was going to link to that.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: kendall
Date: 13 Apr 11 - 01:47 PM

This reminds me of those two idiot Senators who came up with the Smooth- Hawley tariff act of 1930.

How is Iceland going to pay? I'm also for jailing the bastards who caused this mess.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Penny S.
Date: 13 Apr 11 - 03:49 PM

Richard, did you see the comments underneath? People who seem to be in business posting negative stuff during the working day. I don't feel tempted to post on the guardian site...

Penny

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Richard Bridge
Date: 13 Apr 11 - 04:12 PM

Oh my Penny! People measuring the merit of a decision by the availability of Jacob's Creek booze! Hilarious.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: Mr Red
Date: 14 Apr 11 - 11:32 AM

As I always say:

Anyone who makes money out of money is not to be trusted.

Subject: RE: BS: Iceland. Uk and Netherlands to sue.
From: goatfell
Date: 14 Apr 11 - 01:56 PM

aye when Hell freezes over and then we (the UK and the Netherlands) will get paid I wouldn't hold my breath.