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adrienne liebenberg
Posted on 2 Jul 2009 4:15 pm

What a disgraceful answer when so many lives around the world have been shattered by the British government, without so much as a glance backward. Like the good old colonial days isnt it. My family is NOT British, but the British government took it upon themselves to collapse our bank in the Isle of Man, which was supposedly safer than other banks (in Africa), and ruin the lives of citizens from all over the world. Our lifesavings are now gone and our family struggling to keep afloat. And the British government dusts its hands and says it has nothing to do with this debacle!
1. with no option to open an account in england, for years we were banking with a reputable british branded building society in the isle of man which was the safest place we could think of keeping our money. Derbyshire was then sold to a disreputable icelandic bank a year ago with approval from the FSC. At the point of sale, all we were told is that our building society had been sold to a 'northern european bank'. A little misleading perhaps? Similarly, DESPITE being advised against it, the UK FSA allowed the Singer Friedlander sale to kaupthing to happen. Nothing to do with the UK of course!!!
2. I have to repeat Michaeals comments above .. from March 2008 - the FSA and IOM FSC together conspired to move £550M of KSFIOM deposits to KSFUK. Next Alistair Darling said that Iceland was refusing to honour its guarantees..no records can be found of any such statement..The following day KSFUK was put into administration using anti-terrorist legislation and SEALED COURT ORDERS and KSFUK Edge accounts were moved to ING a Dutch bank.KSFUK liquidators were given instructions that no funds could be moved from KSFUK back to KSFIOM thus freezing £550M of KSFIOM deposits and CAUSING the demise of KSFIOM. Again, nought to do with the UK?...
3. The FSA had a responsibility towards the isle of Man FSC to advise them ahead of any bank collapse, which indeed they did for bradford, but, oops somehow forgot when Icelandic banks went into administration in the UK, miraculously with hundreds of milliions of our retail deposits neatly caught up to be fed to the british retail depositors, and we can now stand in line for half our money. Nothing to do with the UK of course.
4. When the TSC duly held an inquiry into this mess, they advised that the British government and the IOM government should work together to resolve the situation for us. Exactly what has been done to date on this advice by the UK govmt? Nothing for the UK to do here
5. The IOM is a crown dependency and as such relies on the UK to deal with foreign issues. Well the UK collapsed the Icelandic banks all over the world, and now has to act on behalf of the IOM to work with Iceland to secure our parent guarantee which we had in place. Again, OBVIOUSLY nothing to do with the UK.

...And Sarah Mccarthy-Fry thinks that this whole chain of events is somehow a matter for the IOM Government.


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