Comments on: Confidential Icesave memo leaked http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/ Thu, 09 Feb 2012 22:58:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Axel http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-120223 Axel Sat, 27 Feb 2010 23:57:57 +0000 http://www.icenews.is/?p=12394#comment-120223 Turns out it was the British that leaked this document as a part of a PR stunt that went up in smoke, they have now asked for a "secret meeting" http://mbl.is/mm/frettir/innlent/2010/02/27/leynifundur_um_icesave/ Turns out it was the British that leaked this document as a part of a PR stunt that went up in smoke, they have now asked for a
“secret meeting”

http://mbl.is/mm/frettir/innlent/2010/02/27/leynifundur_um_icesave/

]]> By: McTavish http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-120150 McTavish Sat, 27 Feb 2010 16:18:11 +0000 http://www.icenews.is/?p=12394#comment-120150 The Finacial Times editorial 27th Feb is revealing "the wrath of the Icelandic public raises the prospect of citizens elsewhere refusing to pay for public debts seen as someone else's fault..." Really the biggest fear that governments have is that citizens are starting to understand the great 'con-trick' that is 'the free market', people are starting to understand that they have been taken for fools by the banks and in Iceland they are saying 'no more!!!'. Here in Ireland fools that we are we are allowing the government to pack all the bad bank loans into a veichle calld The National Assets Management Agency' (NAMA)...essentially asking teh ordinary taxpayer to pay for reckless lending into a catstrophic property bubble....there are however rumblings on the streets...watch this space. The Finacial Times editorial 27th Feb is revealing “the wrath of the Icelandic public raises the prospect of citizens elsewhere refusing to pay for public debts seen as someone else’s fault…” Really the biggest fear that governments have is that citizens are starting to understand the great ‘con-trick’ that is ‘the free market’, people are starting to understand that they have been taken for fools by the banks and in Iceland they are saying ‘no more!!!’. Here in Ireland fools that we are we are allowing the government to pack all the bad bank loans into a veichle calld The National Assets Management Agency’ (NAMA)…essentially asking teh ordinary taxpayer to pay for reckless lending into a catstrophic property bubble….there are however rumblings on the streets…watch this space.

]]> By: Peter - London/Krakow http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118422 Peter - London/Krakow Mon, 22 Feb 2010 17:41:10 +0000 http://www.icenews.is/?p=12394#comment-118422 "A pot of money that has been growing every day since then and now is just under GBP 1 billion in size — but does not pay interest to those deposiors or creditors..+" Irrelevant, the BoE is the normal location for funds such as this and its nothing to do with the depositors protection scheme which Iceland was supposed to pay many months ago. Certainly allow Iceland access to anything that isn't tied down would be very stupid given the criminality and untrustworthiness of its ruling class. “A pot of money that has been growing every day since then and now is just under GBP 1 billion in size — but does not pay interest to those deposiors or creditors..+”

Irrelevant, the BoE is the normal location for funds such as this and its nothing to do with the depositors protection scheme which Iceland was supposed to pay many months ago.

Certainly allow Iceland access to anything that isn’t tied down would be very stupid given the criminality and untrustworthiness of its ruling class.

]]> By: Fisy http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118401 Fisy Mon, 22 Feb 2010 16:41:20 +0000 http://www.icenews.is/?p=12394#comment-118401 >Nice argument, but depositors were not even OFFERED this option. Before Icelandic government of time could get to that.. Darling was cornerd on BBC break fast time news and did decide to guarantee all IceSave deposits. And at same time took a nice chunk of money in Landsbanki London branch via the UK anti-terroist law. A pot of money that has been growing every day since then and now is just under GBP 1 billion in size -- but does not pay interest to those deposiors or creditors..+ >Icelandic depositors were given complete protection – in their own currency and non-Icelandic depositors were given … nothing. See above Peter. +http://www.icenews.is/index.php/2010/02/10/legal-reports-on-icesave-cost-iceland-more-than-predicted/#comment-114069 ( pot of this frozen money is just under GBP 1 billions or USD 1.6 billion or EUR 1.1 billion ) http://www.icelandreview.com/icelandreview/daily_news/?cat_id=28304&ew_0_a_id=357653 >Nice argument, but depositors were not even OFFERED this option.

Before Icelandic government of time could get to that.. Darling was cornerd on BBC break fast time news and did decide to guarantee all IceSave deposits.

And at same time took a nice chunk of money in Landsbanki London branch via the UK anti-terroist law.

A pot of money that has been growing every day since then and now is just under GBP 1 billion in size — but does not pay interest to those deposiors or creditors..+

>Icelandic depositors were given complete protection – in their own currency and non-Icelandic depositors were given … nothing.

See above Peter.

+http://www.icenews.is/index.php/2010/02/10/legal-reports-on-icesave-cost-iceland-more-than-predicted/#comment-114069 ( pot of this frozen money is just under GBP 1 billions or USD 1.6 billion or EUR 1.1 billion )
http://www.icelandreview.com/icelandreview/daily_news/?cat_id=28304&ew_0_a_id=357653

]]> By: Knowless http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118334 Knowless Mon, 22 Feb 2010 12:21:38 +0000 http://www.icenews.is/?p=12394#comment-118334 True enough Bjarni, if the foreign based, foreign currency depositers had to endure the same restrictions as the Icelandic based depositer they would be far from content. My foreign currency account in Iceland, means an account opened with foreign currency (Eur $ or £) is faced with the normal Icelandic restrictions, I can withdraw but only receive the equivalent in IsKr based on the exchange rate of the day. I can not receive back what I deposited in the form of foreign currency. In order to buy foreign currency I am subject to the emergency currency restriction of Iceland. The foreign based depositers would not tolerate being treated the same as what Icelandic depositers endure. True enough Bjarni, if the foreign based, foreign currency depositers had to endure the same restrictions as the Icelandic based depositer they would be far from content.

My foreign currency account in Iceland, means an account opened with foreign currency (Eur $ or £) is faced with the normal Icelandic restrictions, I can withdraw but only receive the equivalent in IsKr based on the exchange rate of the day. I can not receive back what I deposited in the form of foreign currency. In order to buy foreign currency I am subject to the emergency currency restriction of Iceland.
The foreign based depositers would not tolerate being treated the same as what Icelandic depositers endure.

]]> By: Ron Paul for President « MLManley http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118324 Ron Paul for President « MLManley Mon, 22 Feb 2010 11:15:14 +0000 http://www.icenews.is/?p=12394#comment-118324 [...] Confidential Icesave memo leaked | IceNews – Daily News [...] [...] Confidential Icesave memo leaked | IceNews – Daily News [...]

]]> By: Peter - London/Krakow http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118318 Peter - London/Krakow Mon, 22 Feb 2010 10:41:55 +0000 http://www.icenews.is/?p=12394#comment-118318 "This is EXACTLY the guarantee that the Icelandic depositors received, so it would have been fair to offer the same deal with all the foreign depositors. I am just not sure they would have liked it so much." Thats not the who story is it? as part of the process they also guaranteed the exchange rate of of those Krona's for icelandic citizens - Icelandic based customers were allowed to pay for goods with Krona's. Overseas depositors would have to fly to Iceland to spend a currency that is not valid currency elsewhere on the planet. Nice argument, but depositors were not even OFFERED this option. Icelandic depositors were given complete protection - in their own currency and non-Icelandic depositors were given ... nothing. Indeed, there is absolutely no reason the depositors should have been given anything but the currency they deposited in. As for those Icelandic depositors who held non-ISK funds - they are a tiny percent and it has no relevance on the basic facts - Icelanders were give very special treatment. “This is EXACTLY the guarantee that the Icelandic depositors received, so it would have been fair to offer the same deal with all the foreign depositors. I am just not sure they would have liked it so much.”

Thats not the who story is it? as part of the process they also guaranteed the exchange rate of of those Krona’s for icelandic citizens – Icelandic based customers were allowed to pay for goods with Krona’s. Overseas depositors would have to fly to Iceland to spend a currency that is not valid currency elsewhere on the planet.

Nice argument, but depositors were not even OFFERED this option.
Icelandic depositors were given complete protection – in their own currency and non-Icelandic depositors were given … nothing.

Indeed, there is absolutely no reason the depositors should have been given anything but the currency they deposited in.

As for those Icelandic depositors who held non-ISK funds – they are a tiny percent and it has no relevance on the basic facts – Icelanders were give very special treatment.

]]> By: Bjarni http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118156 Bjarni Sun, 21 Feb 2010 22:36:18 +0000 http://www.icenews.is/?p=12394#comment-118156 We have already covered this subject. If UK/NL depositors would have been alright with keeping their deposits in Icelandic kronas and put under SEVERE restrictions on how much and when they could take out those deposits, I am sure this could have been worked out with our government. Please note that even if you had an account in foreign currency in Iceland, you were ONLY allowed to withdraw from it in Icelandic kronas. Those restrictions are still in effect. This is EXACTLY the guarantee that the Icelandic depositors received, so it would have been fair to offer the same deal with all the foreign depositors. I am just not sure they would have liked it so much. As for the EFTA ruling you are referring to ("Icesave depositors had to be repaid, because of the discriminatory treatment"), I have not seen any information about this. As you are known for sometimes making up rulings, arbitrations, and other facts to make your case, please provide exact URL that shows this ruling and quotes from it that back your statement. We have already covered this subject. If UK/NL depositors would have been alright with keeping their deposits in Icelandic kronas and put under SEVERE restrictions on how much and when they could take out those deposits, I am sure this could have been worked out with our government. Please note that even if you had an account in foreign currency in Iceland, you were ONLY allowed to withdraw from it in Icelandic kronas. Those restrictions are still in effect.

This is EXACTLY the guarantee that the Icelandic depositors received, so it would have been fair to offer the same deal with all the foreign depositors. I am just not sure they would have liked it so much.

As for the EFTA ruling you are referring to (“Icesave depositors had to be repaid, because of the discriminatory treatment”), I have not seen any information about this. As you are known for sometimes making up rulings, arbitrations, and other facts to make your case, please provide exact URL that shows this ruling and quotes from it that back your statement.

]]> By: NA-176-2010-02-21 – TechnicallyPolitical http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118141 NA-176-2010-02-21 – TechnicallyPolitical Sun, 21 Feb 2010 21:16:53 +0000 http://www.icenews.is/?p=12394#comment-118141 [...] Confidential Icesave memo leaked | IceNews – Daily News [...] [...] Confidential Icesave memo leaked | IceNews – Daily News [...]

]]> By: NA-176-2010-02-21 http://www.icenews.is/index.php/2010/02/19/confidential-icesave-memo-leaked/#comment-118139 NA-176-2010-02-21 Sun, 21 Feb 2010 21:15:30 +0000 http://www.icenews.is/?p=12394#comment-118139 [...] Confidential Icesave memo leaked | IceNews – Daily News [...] [...] Confidential Icesave memo leaked | IceNews – Daily News [...]

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