Pat Ayres Posted December 14, 2006 Share Posted December 14, 2006 I could swear I answered this earlier, must have had a senior moment. Yes you are right, What did you expect? Hopefully not grown up behaviour, we do that all day at work, this is light relief for most of us. Link to comment Share on other sites More sharing options...
thesultanofsheight Posted December 14, 2006 Share Posted December 14, 2006 It never ceases to amaze me the knobs that come out with all this bullshit. HBOS here is a subsidiary of HBOS UK it does mortgages, and it takes in money that it lends back to HBOS UK. Do you think that any of the staff in the IOM would give a flying fortress about a bunch of numpties that turn up to protest at Farepack? Not in the slightest. They couldn't give a toss. Nor should they. There is no direct link, its only a subsidiary company with its own IOM Board that is not directly connected with the UK Board. Here's the news if your a Farepack customer. The European company that owned it pissed all the money away. The bank were approached to bail the company out by lenmding more money. It didn't because it was a shit idea that threw good money after bad. That is business. Seems to me that people should ask why this company was having problems in the firstplace, not why it was not lent more money to keep it afloat! Link to comment Share on other sites More sharing options...
stookie Posted December 15, 2006 Share Posted December 15, 2006 Don't banks have a responsibility to protect the funds of their depositors that are used to make these loans in the first place? Imagine the hue and cry if a bank went bust because it was busy propping up lame ducks like Farepak? And who puts "all their savings" into a Christmas club - only idiots Link to comment Share on other sites More sharing options...
manxchatterbox Posted December 18, 2006 Share Posted December 18, 2006 exactly....so why should IOM Newspapers be encouranging smart people (who save with a bank etc) to help those (as Stookie says "idiots") who put their money in a savings club?? IMO they deserve what they get...nothing Link to comment Share on other sites More sharing options...
hboy Posted December 18, 2006 Share Posted December 18, 2006 exactly....so why should IOM Newspapers be encouranging smart people (who save with a bank etc) to help those (as Stookie says "idiots") who put their money in a savings club?? IMO they deserve what they get...nothing I don't think you can class Farepak customers as "idiots" they were very unfortunate but they were not stupid. Many of them didn't want to run up huge credit card debts, rightly saved via Farepak and got kicked in the balls for trying to be prudent. Personally I wouldn't touch these sort of clubs with a bargepole, but then thankfully I don't have to. Other people are not that fortunate and tried to do their best. But they are not idiots. Ever since Arthur Fowler diddled Albert Square out of the Christmas Club money these schemes have been doomed. They usually profit out of other peoples misfortune. Its just loan sharking under another name. Link to comment Share on other sites More sharing options...
manxchatterbox Posted December 18, 2006 Share Posted December 18, 2006 just for clarity twas not I but the quote about 'idiots' was from elsewhere..I merely agree with the sentiment... Link to comment Share on other sites More sharing options...
hboy Posted December 18, 2006 Share Posted December 18, 2006 just for clarity twas not I but the quote about 'idiots' was from elsewhere..I merely agree with the sentiment... So you think they are idiots, but don't want to be quoted as saying they are idiots? Link to comment Share on other sites More sharing options...
manxchatterbox Posted December 18, 2006 Share Posted December 18, 2006 i think i'd say dimwits and gullible greedy wanting to earn 'commission' on signing up others ...almost like a pyramid scheme methinks?? Link to comment Share on other sites More sharing options...
LoneWolf Posted December 18, 2006 Share Posted December 18, 2006 Has no one on the Island heard of Credit Unions ? I seem to remember some well meaning people tried to get one off the ground but werent really too successful. Credit Unions work well but need the services of professional people such as lawyers and accountants to put them on a sound footing and get them properly started. This is something the Trade Unions and the MLP should be promoting. Maybe then people wouldnt have to resort to saving club schemes such as FarePak. Link to comment Share on other sites More sharing options...
manxchatterbox Posted December 18, 2006 Share Posted December 18, 2006 exactly..i thought BM was up for these credit unions ...how comes i haven't heard about one being set-up as LW describes?? Link to comment Share on other sites More sharing options...
LoneWolf Posted December 18, 2006 Share Posted December 18, 2006 If you havent come across Credit Unions before here is some info Link to comment Share on other sites More sharing options...
manxchatterbox Posted December 18, 2006 Share Posted December 18, 2006 seems like a very good idea..so why aren't there any set-up over here??? Link to comment Share on other sites More sharing options...
Juan Kerr Posted December 18, 2006 Share Posted December 18, 2006 seems like a very good idea..so why aren't there any set-up over here??? Why do you always start your posts with a question, rather than getting an answer yourself and having a debate around it? Maybe credit unions dissolve on Manx soil due to environmental conditions. That is why there aren't any. Link to comment Share on other sites More sharing options...
manxchatterbox Posted December 18, 2006 Share Posted December 18, 2006 oh right..maybe its the water quality issue.... Link to comment Share on other sites More sharing options...
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