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Don't bank on the Isle of Man .... Kaupthing Isle of Man Story And More

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Uploaded by on Aug 3, 2009

Imagine what would happen if 1 day you wake up in the morning and find out your bank account is gone, your money is gone, and there is no solution for you to get your money back.

Sounds like a nightmare? Well, check this out - it's REALITY! It happened on October 2008 in the Isle of Man. Thousands of people lost their money, some of them even lost their life-savings and now living on the streets. There is no justice and no resolution up to now (3 August 2009) from the Isle of Man Government.

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Education

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Uploader Comments (investor6)

  • Hey, If you ae going to DELETE replies to your YOU TUBE clip then tell the person why. Is it because you don't like the truth that you took the risk to get high returns on your money? TOUGH LUCK the Isle of Man people owe you BAFOONS NOTHING!

  • I am not even a depositor helpironman and I don't owe you shit, so shut the fuck up and get lost. This is MY VIDEO, so if you have problems with it then piss off.... p i s s - o f f

  • I am going to remove irrelevant and stupid comments.

    You can try me but you will be blocked from responding to this video if you drop off an idiotic message.

Top Comments

  • Look at this video and the nvisit the web site - it is full of TRUE stories about REAL people who have had their money taken from them.

    We trusted the bank, the island and the financial institution that is represented there -- we were wrong to do so.

  • Please see this video and think aobut the forgotten savers, many of whom were forced to place savings and pensions offshore. The Isle of Man s ignoring the advice of the UK govt and refusing to pay them back. The result? despair, homelessness.........

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All Comments (28)

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  • @iombank Just to point out. Most of the countries in the world dont ensure depositors 100% refund. Usually it's a predecided sum by the government or for example EU. You can't demand a 100% refund, banks are run as private companies. Private companies can go bankrupt, and bankrupt companies don't have money. 

  • i think it is you who is lacking in knowledge of the subject, what people are forgetting here is that the UK government and the FSA had frozen millions and millions of pounds of KSF's assets which ultimately led to the banks demise not least triggered it. i think revision of this subject is maybe something you should consider before proceeding to comment on a subject quite obviously out of reach for your intelect.

  • So the Isle of Man put almost half of its economic eggs in one basket, namely the financial sector, but doesn't seem to care if this sector collapses. What a strange little island!

  • You obviously have NO understanding of the situation. There werre other banks offering the same or higher interest - - greed is not the issue here. The honesty of the Isle of Man oficials IS. The yhave the power to put right the wrong that occured they just don't have to so they WON'T. Shame on them for not thinking about the furure of their country

  • oh are you isle of man finance?

  • Please...for anyone who feels ANY sense of outrage about this gross negligence by our government, write to MP's - any or ALL of them - voicing your disapproval. We need your help in raising awareness of the struggle of thousands of UK citizens, deprived of their savings by the callous actions of Brown and Darling.

  • Great. Spread the message far and wide.

    DON'T BANK ON THE ISLE OF MAN.

  • Many of us who lost our savings ARE Isle of Man people. Thank you for your suport.

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