sparks Posted September 3, 2011 Share Posted September 3, 2011 Remember the money that Iceland 'owed' us? Well actually it was a collapsed Icelandic bank that owed the money, but they tried to palm it of onto the ordinary people.... over £12k per man/woman/child ! Luckily they had a president who decided a vote was needed on this - twice....and both times the answer was no! Well surprise, suprise that collapsed bank had the assets required to pay off the debt and more when people looked hard enough... Icesave liquidators find money to compensate UK savers A three-year cold war between Britain and Iceland over the collapse of online savings bank Icesave appears to have thawed, after liquidators found enough assets to compensate foreign customers. The controversy appears to have been unnecessary, since administrators now believe that the value of the collapsed bank's assets should be enough to compensate priority creditors in full. In fact, the bank has more than double the assets needed to compensate foreign depositors from Britain and the Netherlands, according to the latest report from the bank's resolution committee. Its new calculations are based on the fact that the liquidation of assets is raising more than it had predicted. Arni Pall Arnason, Iceland's economy minister, told Bloomberg on Friday: "These simple facts should change completely our understanding of the old Icesave dispute. There is nothing to dispute any longer." If they can suss out the con trick that is being played out by the banks, then we should be able to as well... Of course we don't have any leader who has the guts to stand up and give people a chance to say,"F*ck off - we ain't liable"! Quote Link to comment Share on other sites More sharing options...
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