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Mr. Brown declares war on Iceland

Rasener 11 Oct 08 - 11:24 AM
Arnie 11 Oct 08 - 11:02 AM
GUEST,David Gerard 11 Oct 08 - 10:16 AM
skarpi 11 Oct 08 - 07:44 AM
Backwoodsman 11 Oct 08 - 07:31 AM
Rasener 11 Oct 08 - 07:12 AM
skarpi 11 Oct 08 - 05:07 AM
Thompson 11 Oct 08 - 12:19 AM
Thompson 11 Oct 08 - 12:10 AM
heric 10 Oct 08 - 08:26 PM
skarpi 10 Oct 08 - 08:17 PM
heric 10 Oct 08 - 07:26 PM
skarpi 10 Oct 08 - 07:14 PM
Richard Bridge 10 Oct 08 - 05:12 PM
Bee 10 Oct 08 - 05:06 PM
Rasener 10 Oct 08 - 04:54 PM
Thompson 10 Oct 08 - 03:50 PM
GUEST,from work 10 Oct 08 - 01:55 PM
GUEST,from work 10 Oct 08 - 01:52 PM
Peter K (Fionn) 10 Oct 08 - 01:47 PM
Donuel 10 Oct 08 - 09:18 AM
Rapparee 10 Oct 08 - 09:05 AM
Emma B 10 Oct 08 - 08:59 AM
Rapparee 10 Oct 08 - 08:48 AM
Bee 10 Oct 08 - 08:44 AM
Ruth Archer 10 Oct 08 - 04:36 AM
Richard Bridge 10 Oct 08 - 03:55 AM
skarpi 10 Oct 08 - 03:24 AM
Thompson 10 Oct 08 - 02:49 AM
Riginslinger 09 Oct 08 - 10:29 PM
Shanghaiceltic 09 Oct 08 - 07:47 PM
Emma B 09 Oct 08 - 07:10 PM
Shanghaiceltic 09 Oct 08 - 07:09 PM
Rapparee 09 Oct 08 - 07:00 PM
John MacKenzie 09 Oct 08 - 06:01 PM
Rasener 09 Oct 08 - 06:00 PM
skarpi 09 Oct 08 - 05:53 PM
Rasener 09 Oct 08 - 05:42 PM
Emma B 09 Oct 08 - 05:29 PM
Thompson 09 Oct 08 - 05:19 PM
Emma B 09 Oct 08 - 04:48 PM
Bee 09 Oct 08 - 04:31 PM
Emma B 09 Oct 08 - 04:22 PM
McGrath of Harlow 09 Oct 08 - 04:07 PM
Deckman 09 Oct 08 - 03:55 PM
skarpi 09 Oct 08 - 03:27 PM
skarpi 09 Oct 08 - 03:03 PM
GUEST,Volgadon 09 Oct 08 - 02:58 PM
Rasener 09 Oct 08 - 02:52 PM
Richard Bridge 09 Oct 08 - 02:19 PM
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Subject: RE: Mr,Brown declare war on Iceland
From: Rasener
Date: 11 Oct 08 - 11:24 AM

>>If you lent me some money, and I lent you a guitar, wouldn't you feel it reasonable to hold on to the guitar until I gave you your money back?<<

I once did some work for an IT training company as a freelance trainer.
From my memory, it was about £1000. However, it was obvious that I was going to have great difficulties getting paid. So 3 months later, I went to their offices to talk to the manager. He wasn't in. However, there was a top of the range monitor which was very expensive. So I opened the boot of my car, loaded the Monitor in and drove off.
I rang him the next day and told him what I had done. He went bonkers, but I told him that if he delivered the money to me in cash, I would let him have his monitor back.
That afternoon, he came round with the cash and I gave him the monitor back. Needless to say I didn't do anymore work for that company.


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Subject: RE: Mr,Brown declare war on Iceland
From: Arnie
Date: 11 Oct 08 - 11:02 AM

As I may well be personally affected by Icelandic actions, I'm going to get in my pennysworth! My local council, Kent CC has the largest investment of all UK councils in Icelandic banks - £50million. Some of that money is my council tax. If there's no problem with our money, then why did Icelandic banks in London start shipping our money back to Iceland a few days before Brown stepped in with a seizure order? Why not leave our money in the UK as usual? When I see my council tax contribution heading for Iceland, I get worried, as no doubt do the various police authorities and charities who've got their money tied up in Icelandic banks. If, as Skarpi says,the refund of our money is guaranteed, then let's have that in writing and we can all relax safe in the knowledge that our council tax will not rise and our local services will not be cut.


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Subject: RE: Mr,Brown declare war on Iceland
From: GUEST,David Gerard
Date: 11 Oct 08 - 10:16 AM

A lot of people in the UK are appalled at the abuse of "anti-terrorist" laws in this way. I wrote this to commemorate the occasion: http://notnews.today.com/2008/10/11/brown-no-compromise-on-icelandic-terrorism/


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 11 Oct 08 - 07:44 AM

I have to take a pill ?????


are you okei my friend , hee hee do you realy thing I care about
this hahahaha. I got you all .


but That doesn't make Iceland terrorists. no it does not and its not about that villan , its about to activate freezing , you have to activate terrorist law ?? and you should thing about it in the future what
your coverment can do in your own country if they start to use this
when ever they like to and the lawyers in UK are worry about this .


to all of you my friend I am very calm and I do not need any pills
but you do not kick to someone who is already down , do you ???

well greetings from a friend ( I hope )
kv Skarpi


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Subject: RE: Mr,Brown declare war on Iceland
From: Backwoodsman
Date: 11 Oct 08 - 07:31 AM

Spot on Villan.

Skarpi, you need to take a pill man. You're getting hot under the collar and raving like a loony for no purpose. The British people do not regard Icelanders as terrorists, the Gov't simply used a convenient piece of UK legislation to hold Icelandic assets in the UK, until we get our money back, that's all. If you lent me some money, and I lent you a guitar, wouldn't you feel it reasonable to hold on to the guitar until I gave you your money back? Same principle applies here with the Bank-Crash scenario.

Cool it man, you're in serious danger of damaging your health, all over a word and an argument fuelled by the needs of irresponsible media to sell copy. :-)


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Subject: RE: Mr,Brown declare war on Iceland
From: Rasener
Date: 11 Oct 08 - 07:12 AM

Quote
Gordon Brown declared diplomatic war on Iceland.

A treasury delegation flew out amid fresh evidence that the effects of the collapse of three Icelandic banks was wider even than the £1billion known to be at risk in council savings.

The Prime Minister yesterday launched a furious attack on the 'illegal' refusal to pay back billions owed to British investors in the country's failed banks.

He invoked rarely-used anti-terrorism powers to freeze Icelandic assets here as fears grew that vast sums of British cash could be lost.

Private savers, companies, town halls, police authorities and charities have seen up to £20billion frozen after Iceland nationalised its three top banks.

Most private savers should be compensated under UK government guarantees.

But these do not apply to public sector bodies and charities, and it emerged yesterday that more than 100 councils had invested up to £1billion of taxpayers' money in Icelandic banks, lured by high interest rates.

Financial experts said that if the cash is lost for good, council taxes could rise every year for the next 25 years.

The crisis has also hit dozens of charities, which had investments of £230million.

Whitehall sources fear Iceland is now effectively a bankrupt state. It owes the world an astonishing £35billion – £116,000 for every man, woman and child.

End of quote

OK Lets try and be clear about this.

Gordon Brown declared a diplomatic war in an attempt to get back the money owed by Iceland. He involked a rule within the Anti terrorist laws to freeze the assets of a bank in the UK. That doesn't make Iceland terrorists.
Once again the press have a lot to answer for, for once again, escalating issues out of all proportion.

Whilst one must feel great sympathy towards the citizens of Iceland, in fairness you can't blame Britain for trying to get its money back.

I doubt if there isn't any one of us that wouldn't try, by one means or another to get money back that is owed to us, by somebody else.

Personally, I couldn't care less about the people who trade on the stock exchange in order to make big fat juicy profits. I would love it if all those sort of people went bankrupt.

However, we have a situation where honest people,charities and Councils have been afftected by this. So in fairness, the Government of Britain, should do everything in its power, to get that money back, by peaceful means.

The issue is with the Government of Iceland and its banks, not the citizens of Icelend. Hopefully this will all get solved as amicably as is possible.


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 11 Oct 08 - 05:07 AM

Heric , yes isi IMF matter .

and Thompson , I can tell you if we get our hand on those stupid
men witch I am told are about 12 of them , we will take them into jail .

they got us into this shit .

also you said ? : I wonder will that be adjudged legal when it goes through the international courts - as it inevitably will? And I wonder if the British taxpayers will end up paying compensation to the Icelandic companies whose assets are frozen?

we´ll see what happen , and further more a nato nation using the against
nato country ??? witch should be " one for all all for one " ?

this is strange

kv Skarpi


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Subject: RE: Mr,Brown declare war on Iceland
From: Thompson
Date: 11 Oct 08 - 12:19 AM

Incidentally, I hadn't realised that Brown had used 'terrorism' law to freeze Icelandic companies' assets in Britain. I wonder will that be adjudged legal when it goes through the international courts - as it inevitably will? And I wonder if the British taxpayers will end up paying compensation to the Icelandic companies whose assets are frozen?


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Subject: RE: Mr,Brown declare war on Iceland
From: Thompson
Date: 11 Oct 08 - 12:10 AM

Seems to me that the lads in the fancy suits are all panicking and running around screaming that the sky is falling. It never occurred to them that their individual greed could bring down the whole world economy and make a terrible worldwide recession - with job losses, home losses, soup lines and mass starvation - inevitable.

And I'd have to say that if I'd had their jobs, it wouldn't have occurred to me either, any more than it *really* occurs to me that driving the dog to the park for a walk makes me personally responsible for global warming.

A huge, unregulated and unstable system has overheated and gone up in flames, and no one knows where the fire extinguishers are kept; they were probably stowed away somewhere in a forgotten cupboard by the Bushes, Thatcher, Blair, Sarcozy, Berlusconi, Giuliani, Greenspan and the rest of the intelligent types who said "Danger of fire? Heavens, no!"


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Subject: RE: Mr,Brown declare war on Iceland
From: heric
Date: 10 Oct 08 - 08:26 PM

It does seem quite bizarre that the western nations aren't talking. I would have thought they'd send teams of advisors. Does this not qualify as an IMF matter?


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 10 Oct 08 - 08:17 PM

here is a comment witch someone put on in the guardian UK today .


I hope people in UK don´t believe in everything they read in the press. I just want to clear few things here.
The people responsible for all this mess in Iceland and UK are only 10 to 20 persons. Not all Icelanders! The Icelandic public is getting a much bigger and severe hit from all this. Ofcourse these people responsible should take the blame. And they will!
The Icelandic Government has never said that they are going to walk away from this in UK. Never. Everyone who ownes money in Icesave will get their money and UK will not have to pay. The companies assets are enough to cover almost all of it, the rest will be taken care of. However, what the Government in Iceland said was that they will not save the owners of these banks ie. the 10-20 people responsible. Iceland is a civilized nation and will not run away from its obligations. There are always two sides on all matters. This you should know.
Mr. Darling and Brown are using this to get votes for upcoming elections. And at the same time completely destroying Iceland.
Singer & Friedlander and Kaupthing London are British companies which at the time they where closed by the English Government where doing quite well in all aspects. What was done by Brown was illegal. When they closed the bank they started a fire sale of all Kaupthing (Head company, Icelandic) shares which ended up like it did. Kaupthing the biggest bank in Iceland, and the only one that was going to make it through this, went bankrupt. And the domino effect of that is a catastrophy for all Icelandic economy.
And GB still is going on in the press saying whatever people wants to hear. I am sorry to say but I think the English Government will be held responsible for all the mess it started with this. And there will be filed a case against them for this.
And they where called friends! No wonder England is all messed up with these people controlling it!
Cheers!



Emma how many millions did you loose ??? again .

Never kick some who is already down .



here´s another one , and its not me :>) but its sad how this matter
has gone sad .

I´m a proud Icelander and I just say, I have worked all my live with my soul and pride. Now I feel like the Irish; BOODY ENGLISH The history always repeat it self:


here is another one úff, this is not good .



I think I might have something to say that interest some people about the general public in Iceland right now since I'm Icelandic and live there.

People here are very angry now! our "friends" (NATO) will not help in anyway witch is fine by me but they will barley talk to us and if they do it is to kick us farther down!

What has this done to the public view on NATO?
Let me answer this..
Most people (probably over 75% I know and work with) Say they want to leave NATO and make a defensive pact with our only friends in the world right now Russia!
Russian military base in Iceland would be a disaster for NATO, they would be in Uk's back yard and in site of Usa's missiles defense their building in Poland and other European countries.

This is just what the public think, the diplomats are probably too much cowards to go this far even if this is the peoples wish.

Long live Russia
Greetings from Iceland



well this is what UK was askin for wasent it ?

well Mr Brown I hope you get your votes back , you did on my cost .

Peter you asked me to calm down , I am calm , but I worry the future
I worry that MrBrown started something that wont be stopped
do I want Russia to loan Iceland money ? no I dont
Do I Iceland leave Nato ? no I dont
do I want Russia to have an naval airforce base in keflavík ?
no I dont , would UK be happy with that russian planes
flyin over UK every night ?

I dont think so , and dont tell me that this never can happen
becouse it will , Russia will never loan anything without gettin something instead .

the World picture is and has changed, but I hope I am wrong
I realy do .

I dont hate UK or anyone on there or Holland or anyone in there
and I feel sorry for all of this .

I hope this will be solved in peace , but there are people
here that will not forget what UK did to us when we where
down .

So have a good night sleep and a good future all
all the bst Skarpi Iceland .


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Subject: RE: Mr,Brown declare war on Iceland
From: heric
Date: 10 Oct 08 - 07:26 PM

"That may not be the reality of the situation, but its the perception of a rather angry and influential nation."


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 10 Oct 08 - 07:14 PM

well all , here is something you can read

http://www.guardian.co.uk/commentisfree/2008/oct/10/iceland-gordonbrown


this is the last comment I will put in here .

all the best Skarpi Iceland


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Subject: RE: Mr,Brown declare war on Iceland
From: Richard Bridge
Date: 10 Oct 08 - 05:12 PM

Oh look it's relatively simple why the Icelandic banking system was more at risk than Liechtenstein or Switzerland. The Icelandic banks were exposed to liabilities of several times the entire county's GDP.


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Subject: RE: Mr,Brown declare war on Iceland
From: Bee
Date: 10 Oct 08 - 05:06 PM

Emma B, I am just reporting what I've been reading. Some Icelanders feel that Brown and British media have labelled all Icelanders terrorists and criminals; while they are quite aware criminality was involved and are plenty angry with their government and the fraudsters, they are hardly to be expected to understand why that specific British act was used. Maybe Mr. Brown could try a little diplomacy, make a little effort to explain, especially given for some Icelanders, there is imperfect grasp of English to consider.


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Subject: RE: Mr,Brown declare war on Iceland
From: Rasener
Date: 10 Oct 08 - 04:54 PM

Our government and all the beurocrats and hangers on waste more than whats owed by Icelend in a year.

I wonder how much it has cost to go in to Iraq (money and lives)?


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Subject: RE: Mr,Brown declare war on Iceland
From: Thompson
Date: 10 Oct 08 - 03:50 PM

There's surely no reason that Iceland couldn't be a world financial centre, any more than Switzerland.

The size of the country is little to do with things.

Iceland has been attacked because it's outside the euro, I suspect, and so it's exposed.


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Subject: RE: Mr,Brown declare war on Iceland
From: GUEST,from work
Date: 10 Oct 08 - 01:55 PM

Bee, a failure of regulation certainly, but I have heard no intelligent voices blaming the British Government for the present chaos. As you have noted yourself, the act that has been used to freeze Icelandic assets deals with more than terrorism. The part of it that has been invoked in this case does NOT concern terrorism. Skarpi is way off beam on that score and needs to calm down.

In fact Skarpi should be asking what Iceland's regulators (if there are any?) were doing while such a tiny economy was spawning a banking system that accumulated capital amounting to many times Iceland's GDP - all underpinned with IOUs. If Skarpi takes a sensible look at what is going on he might notice that Brown's measures - unlike the US bailout fiasco for instance - have attracted very little serious criticism either in the UK, the US or anywhere else, and may yet turn out to have set a direction the rest of the western economies need to follow.

Bravo Emma B for staying with it.

peter I am gonna answear this when I am home tonight


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Subject: RE: Mr,Brown declare war on Iceland
From: GUEST,from work
Date: 10 Oct 08 - 01:52 PM

I really wouldn't want to be a politician in Iceland right now. The people there seem somewhat annoyed about something.

when we will rise up again there will be another coverment
and also will we look again to relationship to some country ´s

they will never bee the same . People here are angry very angry
and today they where protesting hearn the parlament .

more later


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Subject: RE: Mr,Brown declare war on Iceland
From: Peter K (Fionn)
Date: 10 Oct 08 - 01:47 PM

Bee, a failure of regulation certainly, but I have heard no intelligent voices blaming the British Government for the present chaos. As you have noted yourself, the act that has been used to freeze Icelandic assets deals with more than terrorism. The part of it that has been invoked in this case does NOT concern terrorism. Skarpi is way off beam on that score and needs to calm down.

In fact Skarpi should be asking what Iceland's regulators (if there are any?) were doing while such a tiny economy was spawning a banking system that accumulated capital amounting to many times Iceland's GDP - all underpinned with IOUs. If Skarpi takes a sensible look at what is going on he might notice that Brown's measures - unlike the US bailout fiasco for instance - have attracted very little serious criticism either in the UK, the US or anywhere else, and may yet turn out to have set a direction the rest of the western economies need to follow.

Bravo Emma B for staying with it.


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Subject: RE: Mr,Brown declare war on Iceland
From: Donuel
Date: 10 Oct 08 - 09:18 AM

I have met the terrorist and it is US.


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Subject: RE: Mr,Brown declare war on Iceland
From: Rapparee
Date: 10 Oct 08 - 09:05 AM

From what I've read, the Icelanders ARE asking hard questions of their "leadership." I really wouldn't want to be a politician in Iceland right now. The people there seem somewhat annoyed about something.


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Subject: RE: Mr,Brown declare war on Iceland
From: Emma B
Date: 10 Oct 08 - 08:59 AM

Strangely enough I'm not very happy with some of the hyperbolic language here either Bee and see that our own 'Little Islander' news rag the Daily Mail is using some of the same very provocative stuff too!

'UK Treasury officials fly out to Iceland to retrieve Britain's billions as Brown declares a 'cold war' by freezing THEIR assets' - 10th Oct.

However, as regards the legislation necessary to stop assets in this country being stripped - to quote from MK Financial Solutions

'The actions and collapse of these banks are going to affect millions of UK citizens.
These people did not have any savings in these banks, but are going to be affected by the reduced services, higher council tax and reduced help from charities.'

If this is not a 'Crime' then it's hard to think what is!

'Icelandic people are suffering like their British counterparts, but maybe its time that they asked some searching questions of their political and business leaders'


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Subject: RE: Mr,Brown declare war on Iceland
From: Rapparee
Date: 10 Oct 08 - 08:48 AM

As I said earlier, politicians might want to shut up and get to work.

These aren't ordinary times.


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Subject: RE: Mr,Brown declare war on Iceland
From: Bee
Date: 10 Oct 08 - 08:44 AM

Skarpi's not alone in being rather annoyed by the tone Brown has taken, and the title of the act used to do the deed really is getting up a lot of ordinary Icelandic noses. They know criminal business dealings are involved, but that 'Terrorist' designation - ouch!

I regularly cruise a selection of large forums and popular blogs, all of them pretty international as to who they attract, and it's surprising how many Icelanders are participants, considering it is such a small population.


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Subject: RE: Mr,Brown declare war on Iceland
From: Ruth Archer
Date: 10 Oct 08 - 04:36 AM

If they would sack that Katona bird and the ropey one out of The Nolans, surely the financial situation would be helped somewhat...


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Subject: RE: Mr,Brown declare war on Iceland
From: Richard Bridge
Date: 10 Oct 08 - 03:55 AM

Once you add the police authority and some other bodies that are not local authorities, the amount that UK depositors have that will it seems be at risk of non-recoverability (and the Icelandic government canot effectively guarantee the money since the exposure of the Icelandic banks was about 9 times Iceland's GDP) is I think £946 million.

Brown's reaction is simple - Icelandic banks will not be able to pay UK investors - OK we will freeze the assets here to try to make sure that UK investors are covered.

The problem, it seems to me, is that if one country does this the rest need to follow to defend themselves, so the very international bank lending we need to stabilise banks with short term liabilities will be inhibited.


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 10 Oct 08 - 03:24 AM

what mr brown is doin for his financial system is not eneough
and it could go down in UK
.





Then he could ending in the sama shit as his former friend our PM
is in .

All the best Skarpi


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Subject: RE: Mr,Brown declare war on Iceland
From: Thompson
Date: 10 Oct 08 - 02:49 AM

Actually, I was asking why the British government isn't backing its own banks. If the British financial system goes down, it will be a real nuisance for the rest of Europe.


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Subject: RE: Mr,Brown declare war on Iceland
From: Riginslinger
Date: 09 Oct 08 - 10:29 PM

goD what a mess


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Subject: RE: Mr,Brown declare war on Iceland
From: Shanghaiceltic
Date: 09 Oct 08 - 07:47 PM

I'd hate there to be a chip 'n' burger embargo...


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Subject: RE: Mr,Brown declare war on Iceland
From: Emma B
Date: 09 Oct 08 - 07:10 PM

LOL Frank


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Subject: RE: Mr,Brown declare war on Iceland
From: Shanghaiceltic
Date: 09 Oct 08 - 07:09 PM

So the 'freeze' on assets was not refering to the Iceland shops ;-)


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Subject: RE: Mr,Brown declare war on Iceland
From: Rapparee
Date: 09 Oct 08 - 07:00 PM

And President George is going on television to assure the American people that everything is sound and secure. You can believe him because he's the president of the US and the president of the US is a decent, honest, hard-working, truthful man without a greedy, mean, nasty bone in his body.

Why, it seems like it was only 1929 when Herbert Hoover was saying the same thing and folks in the UK and all over the world felt the same way they do now! And we all know that Hoobert Hever always told the truth just like President George does.


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Subject: RE: Mr,Brown declare war on Iceland
From: John MacKenzie
Date: 09 Oct 08 - 06:01 PM

Local authorities have a fiduciary duty to maximise their investments for the benefit of their council tax payers. However they must do so with the advice of so called 'investment experts'. So it's not the fault of the councils that their money is where it is/was. They were folowing advice from 'experts'
There is NO obligation on the [part of this government, or any other, to compensate investors, over and above the limits already set, I.E. £50,000 pounds. Just because it's 'our' money, doesn't mean it should be treated any differently from any other monies invested.

XG


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Subject: RE: Mr,Brown declare war on Iceland
From: Rasener
Date: 09 Oct 08 - 06:00 PM

>>but get a new PM there this is damage <<

As the beatles sang " It won't be long yeah yeah yeah yeah"


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 09 Oct 08 - 05:53 PM

yes my friend this will go by there are some men coming from UK to
work with the Icelandic coverment around the weekend .

but get a new PM there this is damage like mine .

all the bst Skarpi .


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Subject: RE: Mr,Brown declare war on Iceland
From: Rasener
Date: 09 Oct 08 - 05:42 PM

>>This is put down to a healthier lifestyle forced on people: meals from scratch instead of processed or restaurant<<<

Bring in Jamie Oliver

Skarpie
I have just been watching Gordon Brown on about Iceland, and I can't beleive that it has escalated to this level.

I am sure it will all get sorted amicably.

Whatever, you still remain a freind of Mudcat.

Les


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Subject: RE: Mr,Brown declare war on Iceland
From: Emma B
Date: 09 Oct 08 - 05:29 PM

ok Thompson, hard to explain this without recourse to on line resources I've been criticised for using.

However local authorities have been encouraged, after catching previous 'colds' to spread their investments (to meet salary costs etc) as widely as possible.

They were also encouraged to 'maximise' their investments, so many have money in the 3 main Icelandic banks up to about 7% of total investments believing that the government would honour such deposits as well as spread around many domestic institutions.

In fact the individual savers with the Icelandic banks were often 'average' citizens who had invested their personal pension life savings.


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Subject: RE: Mr,Brown declare war on Iceland
From: Thompson
Date: 09 Oct 08 - 05:19 PM

Why isn't Britain acting to protect its own banks?

Apparently British savers with assets in Icelandic banks had an average of £50,000, so they weren't average Joes. The councils, which were saving with Icelandic banks because of their good rates and reputation for probity, have been hardest hit.

But if Britain's banks were guaranteed by the British government, surely those councils would be saving with them?


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Subject: RE: Mr,Brown declare war on Iceland
From: Emma B
Date: 09 Oct 08 - 04:48 PM

Yes it probably was Bee I'm afraid in order to restrict UK assets held in this country being transferred back to Iceland.

As McGrath pointed out it is a 'cover-all' act aimed at protecting the 'security' of a nation (financial or otherwise) and as far as the people of the UK are concerned it is an action to simply freeze what assets are still held by UK subsidaries in this country - admittedly a drop in the ocean when compared with the £743 million the UK tax payer will have to find.

Unfortunately as the burden of this shortfall falls upon the local authorities providing services for the elderly, children at risk etc as well as public services like refuse collection etc it's unlikely that it will be any great addition to an increase in life expectancy.

As I pointed out, people on fixed incomes like pensioners already have problems with rising heating costs (we don't have geothermal energy resources here) without the additional burden of increased Council taxes.


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Subject: RE: Mr,Brown declare war on Iceland
From: Bee
Date: 09 Oct 08 - 04:31 PM

Emma, I think skarpi's emotive terms are in response to this:

"The Treasury released a document to Parliament yesterday showing it used sections of the Anti-terrorism, Crime and Security Act 2001 to take control of the bank's assets, saying in the statement the bank's collapse may harm the U.K. economy."

Was it necessary to use that particular act, I wonder, or was it in fact used to elicit an emotive reaction from the people of the UK, to imply the British government has no culpability?

.....

On the bright side, I heard the other day on the news that, statistically speaking, people live on average eight years longer during a depression. This is put down to a healthier lifestyle forced on people: meals from scratch instead of processed or restaurant, more walking places instead of driving.


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Subject: RE: Mr,Brown declare war on Iceland
From: Emma B
Date: 09 Oct 08 - 04:22 PM

So far, U.K. local authority investments with Iceland's banks total more than 743 million pounds, according to data collected by the BBC(I presume I am 'allowed' to get my 'resources' from our National Broadcasting Corporation?)

Yes this constitutes a seriously 'Financial Crisis at home in UK ' and a very 'personal' one for individuals on fixed pensions/incomes who will find their Council Tax raised and services cut - with the corresponding loss of jobs.

Please desist from using such exaggerated emotive terms like declarations of 'war' skarpi; this freezing of assets in the UK is an extreme measure in extreme circumstances under legislation, as McGrath says, to protect the country from a problem of national 'security' exactly as the Icelandic government sought to first protect their own domestic accounts.


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Subject: RE: Mr,Brown declare war on Iceland
From: McGrath of Harlow
Date: 09 Oct 08 - 04:07 PM

Perhaps if they'd reversed the alphabetic order and called it the "Security, Crime and Anti-terrorism Act 2001" it might have been less liable/amenable to misinterpretation when it gets used in a non-terrorist related context.

I gather there's also a lot of money been put into the Isle of Man and Guernsey, so those governments might find themselves in a similar situation, since they are outside the UK as well.


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Subject: RE: Mr,Brown declare war on Iceland
From: Deckman
Date: 09 Oct 08 - 03:55 PM

If this situation wasn't deeply hurting so many millions of people, it would be laughable. This is the stuff that funny movies come from. When the world and nations and VERY IMPORTANT PEOPLE get this stressed ... anything can happen. Nothing would surprise me.

We all might just as well recognise that we NOW are at the start of a ten year, world wide DEPPRESSION. There is little that anyone, or even one nation, can do to change that. I suggest we all plant potatoes, buy extra guitar strings, learn to make homebrew ... and start writing funny songs! CHEERS, Bob(deckman)Nelson


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 09 Oct 08 - 03:27 PM

Gordon Brown has a big Financial Crisis at home in UK that he cant handle
and now the Icelandic banks goes down he can blame it on someone , and thats us , well that poor man I hope he sleeps well .


all the best Skarpi .

P.s the Icelandic people feel sorry for all UK´ers that has suffer
in those financial Crisis , maybe both nation s have the same problem ,

we both have leaders who cant take care of the crisis .

now i useally dont speak about politics , becouse i dont care about them
but this matter tuch my heart .


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Subject: RE: Mr,Brown declare war on Iceland
From: skarpi
Date: 09 Oct 08 - 03:03 PM

the Villan , and Emma , if you had listen and if you r so PM had listen to our coverment , then its this :

the Icelandic Coverment will pay back all money to UK monwy
owner in ICEASAVE , nothing else have been said . Mr Darling misunderstood something that was said between him and our PM .

so you all get your money .

Emma go and you r resorce somewhere else than on google
anybody can do that .

use the act of terrorist law , is nothing else than declare war
aginst us .

in the news today a man said our good friendship has been hurt .
and I am afriad it will take long to time to heal .


Just get your banks to pay us the money they owe us Skarpi. Mr Brown is in the shit and our councils are about to double our council tax.
"
I beleive he is going to make you do a year of touring in the UK with your band for nothing, if you don't get it sorted."

Villan , there is nothing I can do , if they had listen to me
we would not been is this shit .

and dont forget , the coverment is only about 12 people
and hole nation of Iceland is 320 thousand . so dont blame this
on me ,.


All the best Skarpi


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Subject: RE: Mr,Brown declare war on Iceland
From: GUEST,Volgadon
Date: 09 Oct 08 - 02:58 PM

Ah yes, the nefarious Icelandic terrorists, desperadoes and cutthroats the lot! =))


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Subject: RE: Mr,Brown declare war on Iceland
From: Rasener
Date: 09 Oct 08 - 02:52 PM

Just get your banks to pay us the money they owe us Skarpi. Mr Brown is in the shit and our councils are about to double our council tax.

I beleive he is going to make you do a year of touring in the UK with your band for nothing, if you don't get it sorted.


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Subject: RE: Mr,Brown declare war on Iceland
From: Richard Bridge
Date: 09 Oct 08 - 02:19 PM

This is legally interesting in that a Mareva injunction would not run if the failure to repatriate funds would expose the bank to liability in its home jurisdiction.


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