gazza Posted February 19, 2010 Share Posted February 19, 2010 would that be the same 100% guarantee that the MD of the bank has confirmed. could well be the loan bank of one such loan for 20mill that might well go tits up in the next couple months Link to comment Share on other sites More sharing options...
bellyup Posted February 20, 2010 Share Posted February 20, 2010 would that be the same 100% guarantee that the MD of the bank has confirmed. The same Mr Aiden Doherty yes I agree he did confirm the 100% guarantee but then so did Mr John Cashin Director (and no 2 at the FSC )and Mr Gelling Director. All of these were well aware of the 100% Parental guarantee that was used to induce to keep their savings with KSFIOM after the takeover of the Derbyshire Building Society. Mr John Aspen was also aware of the 100% promise he later said he had no faith in it ( but only after the bank had gone down) However re the Loan Book the liquidators and committee of inspection have confirmed that it is in good order.. could well be the loan bank of one such loan for 20mill that might well go tits up in the next couple months Would you like to translate this into English? Link to comment Share on other sites More sharing options...
bellyup Posted February 20, 2010 Share Posted February 20, 2010 Mr Alan Bell - KSF depositors are 'Collateral Damage' http://www.manxherald.com/index.php/business/623.html Link to comment Share on other sites More sharing options...
jimbms Posted February 20, 2010 Share Posted February 20, 2010 Mr Alan Bell - KSF depositors are 'Collateral Damage' http://www.manxherald.com/index.php/business/623.html mmmm well done Mr Bell, he has gone up in my estimation, see even he acknowledges you are but collateral damage and can be ignored. Link to comment Share on other sites More sharing options...
pongo Posted February 20, 2010 Share Posted February 20, 2010 mmmm well done Mr Bell, he has gone up in my estimation, see even he acknowledges you are but collateral damage and can be ignored. That's as maybe. But in terms of attracting depositors the way in which the 'upstreaming' is technically structured could be looked at. From a competitive consumer attracting perspective. There has to be a better way of spreading and insuring the risk. And the business of FSC people also being on the boards of banks definitely needs to end. Authorities elsewhere and consumers have to be confident that the FSC is only ever wearing one hat. That was a PR own goal and PR is very important. Ditto some of the idiotic comments in which the customers were effectively blamed for the failure of the systems in place. The point should be to re establish consumer confidence although I accept this may take a generation or more. Re establishing confidence has to be especially important given that the City is lobbying hard for the UK govt to alter the rules in order to attract money directly. Insulting and denigrating your customers is bad for business IMO. Link to comment Share on other sites More sharing options...
bellyup Posted February 22, 2010 Share Posted February 22, 2010 mmmm well done Mr Bell, he has gone up in my estimation, see even he acknowledges you are but collateral damage and can be ignored. That's as maybe. But in terms of attracting depositors the way in which the 'upstreaming' is technically structured could be looked at. From a competitive consumer attracting perspective. There has to be a better way of spreading and insuring the risk. And the business of FSC people also being on the boards of banks definitely needs to end. Authorities elsewhere and consumers have to be confident that the FSC is only ever wearing one hat. That was a PR own goal and PR is very important. Ditto some of the idiotic comments in which the customers were effectively blamed for the failure of the systems in place. The point should be to re establish consumer confidence although I accept this may take a generation or more. Re establishing confidence has to be especially important given that the City is lobbying hard for the UK govt to alter the rules in order to attract money directly. Insulting and denigrating your customers is bad for business IMO. Thank you for this very reasonable post. Link to comment Share on other sites More sharing options...
bellyup Posted February 23, 2010 Share Posted February 23, 2010 For anyone who is interested the IOM Treasury Select Committee will meet again on Wednesday 24th February. Link to comment Share on other sites More sharing options...
Amadeus Posted February 23, 2010 Share Posted February 23, 2010 For anyone who is interested the IOM Treasury Select Committee will meet again on Wednesday 24th February. Mostly thanks to you, no-one is anymore Link to comment Share on other sites More sharing options...
nipper Posted February 24, 2010 Author Share Posted February 24, 2010 The Isle of Man is trying to draw a line under this. Let's move on, make a fresh start, put it down to experience. Link to comment Share on other sites More sharing options...
bellyup Posted February 24, 2010 Share Posted February 24, 2010 For anyone who is interested the IOM Treasury Select Committee will meet again on Wednesday 24th February. Mostly thanks to you, no-one is anymore How very wrong you are. Einen schönen Tag noch. Link to comment Share on other sites More sharing options...
bellyup Posted February 24, 2010 Share Posted February 24, 2010 The Isle of Man is trying to draw a line under this. Let's move on, make a fresh start, put it down to experience. This is easy to say if one has nothing to lose. However if ,as one Manx depositor had ,put the money for his house sale into the bank for safekeeping and now it is gone how can you move on? Link to comment Share on other sites More sharing options...
bellyup Posted February 24, 2010 Share Posted February 24, 2010 @ Amadeus BTW the German depositors with Kaupthing got all of their deposits back plus interest from Iceland. Link to comment Share on other sites More sharing options...
bellyup Posted February 25, 2010 Share Posted February 25, 2010 The TSC meeting yesterday as reported by Manx Radio This includes a very interesting interview with a depositor. And brings up the matter of the FSC's MOU with Iceland http://www.manxradio.com/audiovault/MandateTHURS.wma Link to comment Share on other sites More sharing options...
oakley Posted February 27, 2010 Share Posted February 27, 2010 The TSC meeting yesterday as reported by Manx Radio This includes a very interesting interview with a depositor. And brings up the matter of the FSC's MOU with Iceland http://www.manxradio.com/audiovault/MandateTHURS.wma Can you please tell me the meaning of MOU? Link to comment Share on other sites More sharing options...
bellyup Posted March 1, 2010 Share Posted March 1, 2010 An electric article re the TSC meeting ‘Amateurish’ and ‘incompetent’ IOM officials allowed KSF (IOM) to become ‘collateral damage’ in UK action http://www.manxherald.com/index.php/business/629.html Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.