MilitantDogOwner Posted November 24, 2009 Share Posted November 24, 2009 Don't worry about MDO, Bellyache. We all love you really! Link to comment Share on other sites More sharing options...
bellyup Posted December 11, 2009 Share Posted December 11, 2009 Just to keep up my popularity rating............. It might be of interest to some that the liquidator has recovered and distributed another 15.2% to the creditors making 40% in total. (That includes 40% of the 10 million that the IOM government itself had in the bank.) Also means that 40% of the DCS has been repaid - as the banks are now contributing towards this the eventual cost to the IOM will be very little or nothing. Incredibly there are still depositors who have applied for but not yet received their DCS. Thought this might warm the cockles of MF hearts and fill them with Christmas cheer. Link to comment Share on other sites More sharing options...
bellyup Posted December 14, 2009 Share Posted December 14, 2009 http://www.telegraph.co.uk/finance/newsbys...andic-bank.html Link to comment Share on other sites More sharing options...
bluemonday Posted December 14, 2009 Share Posted December 14, 2009 Insomnia? Link to comment Share on other sites More sharing options...
Theodolite Posted December 14, 2009 Share Posted December 14, 2009 The Telegraph's standards are really falling seperate in anything other than school kids txting is unforgivable Link to comment Share on other sites More sharing options...
bellyup Posted December 14, 2009 Share Posted December 14, 2009 Insomnia? Yes indeed since Oct 2008. Link to comment Share on other sites More sharing options...
bellyup Posted December 15, 2009 Share Posted December 15, 2009 Good news for the depositors is that the projected recovery has gone from 70%-83% to 82.88% to 93.78%. The bad news is of course that this will take time- years and many of the depositors are elderly retirees.Others need the money as proceeds from house sales in order to have somewhere to live. With the benefit of hindsight it may have been better to keep the bank running as-is without administrator cost without expensive SOAs and without the distress caused to innocent depositors . That call could have been made by the IOM Government a move that would have enhanced the islands reputation . Link to comment Share on other sites More sharing options...
Slim Posted December 15, 2009 Share Posted December 15, 2009 With the benefit of hindsight it may have been better to keep the bank running as-is without administrator cost without expensive SOAs and without the distress caused to innocent depositors . Grr. Link to comment Share on other sites More sharing options...
pongo Posted December 16, 2009 Share Posted December 16, 2009 UK MP calls for UK intervention to ensure ‘full compensation’ for all KS&F Isle of Man depositors UK MPs are being asked to support an early day motion which blames the collapse of Kaupthing Singer & Friedlander’s Isle of Man operation on the FSA’s decision to revoke the Icelandic bank’s UK deposit-taking licence. The motion also attacks offshore life companies for their role in what Liberal Democrat MP Bob Russell alleges was "mis-selling" of their products, which he claims included misleading description of deposits in Kaupthing as "low risk". The motion, which was tabled yesterday by the MP for Colchester, calls on the UK government to “intervene directly” and for the Isle of Man authorities “to ensure all depositors receive full compensation, in line with UK depositors”. It also says the 10 life companies that “mis-sold over 1,000 bondholders in KSFIOM" should "re-evaluate their businesses and marketing practices and recompense policyholders accordingly”, noting that theirs was billed as a “low risk” product “offering capital security”. The motion concludes by urging the UK's Ministry of Justice to explore "whether the Isle of Man has the necessary skills, experience or processes in place to ensure effective self-regulation, as well as the conflicts of interest of those holding positions in the Isle of Man's political, judicial, regulatory bodies and financial services industry". etc Link to comment Share on other sites More sharing options...
P.K. Posted December 16, 2009 Share Posted December 16, 2009 "Liberal Democrat MP for Colchester Bob Russell" I wonder who rattled his cage? Link to comment Share on other sites More sharing options...
bellyup Posted December 19, 2009 Share Posted December 19, 2009 "Liberal Democrat MP for Colchester Bob Russell" I wonder who rattled his cage? The people who have been hung out to dry in this people who trusted and saved and have been betrayed at least someone realizes the injustice of what has happened . It aint going to go away cages will carry on being rattled. Link to comment Share on other sites More sharing options...
bluemonday Posted December 24, 2009 Share Posted December 24, 2009 In the Times today. Depositors in Icelandic bank may not get cash until 2017 http://business.timesonline.co.uk/tol/busi...icle6966959.ece Depositors in Kaupthing Singer & Friedlander Isle of Man (KSFIOM) were dealt a fresh blow yesterday when it emerged that they may have to wait until 2017 to recover millions of pounds lost when the bank collapsed last year and that they may have only 80 per cent of those funds returned. The group also expressed concern that savers were staying away from the island’s remaining institutions, with assets under management and administration falling by more than 40 per cent to $24 billion (£15 billion) at the end of June, from $59 billion in June 2008. Link to comment Share on other sites More sharing options...
triskelion Posted December 25, 2009 Share Posted December 25, 2009 http://www.gov.im/fsc/ViewNews.gov?page=li...mp;menuid=11570 Not sure where the Times has gotten their figures from, but they are blatantly way off. Source is probably those unscrupulous folks at DAG Link to comment Share on other sites More sharing options...
bellyup Posted December 25, 2009 Share Posted December 25, 2009 I cant believe that you are on Christmas Day calling the DAG 'unscrupulous.' People who are totally innocent of any wrong doing and whose lives have been devastated. The depositors action group comprises of the same depositors who now on their second Christmas without their savings. Some still without anything from the DCS some without a house to live in some dead one sadly by his own hand because of the stress brought on by all this. 2017 will be too late for many. Happy Christmas Manx mates. Link to comment Share on other sites More sharing options...
bellyup Posted January 3, 2010 Share Posted January 3, 2010 More in this sorry saga http://www.telegraph.co.uk/finance/newsbys...igh-Street.html Link to comment Share on other sites More sharing options...
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