Channel4 - Martin Lewis - Icesave

Channel4 Martin Lewis Icesave

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News & Politics

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• Channel4
• Martin
• Lewis
• Icesave

[PesiCool]

Can you imagine how unfair and cruel this is towards Icelanders?

We have to pay more than half our GDP every year.

My hard earned money will go to paying the British and the Dutch for something that has nothing, absoloutly nothing to do with me, just because I was born in this beautiful country.

20.000 pounds per inhabitant? (Including children and senior citizens) -_-

[checkthefactsfirst]

Wow, Martin Lewis has obviously pee'd someone off at C4.

How on earth, can Jon have a go about advice given out a year ago?? Things change! It was rude to not even bother getting the website name right. I wonder how often disabled people with speech impediments are interviewed on C4 news. This guy hadn't even invested his money on Martin's say so. If he had, he wouldn't have £150k in one place.

This interview is so much of a set up to try and make ML look bad, it's almost laughable.

[pirate1012]

The Icelandic Government has a duty to look after its banking system just like the British, they failed to do that, just like the British, and is now paying the price, just like the British. You maybe a small country, but anyone can see that letting a banking system expand like Kapualting did is a recipe for disaster. Let your politicians dice with fire and you pay the price.

[stuntedmonk]

comment after comment was being left on his site by people questioning whether people should be putting their money into Icelandic banks. Contrary to what he says here there was total silence and these "highest rate" accounts were being featured right up until they went under.

[PesiCool]

@m1trekker Hear hear, comrade!

[m1trekker]

@PesiCool I agree with you 100%, I hope Iceland can come out the other side in a healthy condition, and hard working Icelanders don't suffer too much - the greedy banking model should end and fundamentally the fat cats should be the ones who pay, after all they are the one who take the profits.

[PesiCool]

@m1trekker This whole thing started when the banks were privatized and given away to some rich scum which had powerful connections. Needless to say, they fucked everyone and everything over for personal gain.

God, I hate capitalism.

[m1trekker]

@PesiCool Landsbanki knew the rules when it chose to enter the EU market; the lender of last resort (ie Iceland's government) has to underwrite - it is an EU directive for operating a bank in this market. The model you describe would not be tolerated in the EU since it is discriminatory. I probably agree with you on one point, the global banking model is not a good one, but it is the one that was legally in place at the time of the collapse.

[PesiCool]

@m1trekker Why should Icelandic taxpayers be responsible for the debts of a privatized bank? We guarantee the Icelandic accounts, and Britain should do the same for their own citizens and not Iceland because the UK government and regulators had access to all the information and they could easily have prevented this mess from happening in the first place. The Icesave debt is over 50% of the annual GDP in Iceland compared to what.. 0.002% of the UK ones?

[m1trekker]

@PesiCool But why as a British taxpayer should I pay for the debts of an Icelandic bank? My own preference would have been for the UK to not bail out RBS, LloydsHBOS, etc. I would also have preferred investors, such as UK councils not to have invested in Iceland, but have kept these billions closer to home and reduced my council tax.