^ and? your point is?
yes
no

^ and? your point is?
I thought that was pretty self-evident; they're hardly compulsory attributes are they.

^ Huh? He and Alistair Darling are moving to bail out the failing Brit banks with £500bn of public money, and now he's pressuring Iceland to cough up the cash that British public groups and bldg societies put in Iceland's banks to make more interest, probably tax free. His pressure has caused Iceland's krone to drop but Iceland is taking a firm stance -- it will ensure its people's savings are safe before it helps anyone else. Brown is only trying to prop up his interests and political standings with the Brits by pressuring this small nation, which will likely have to beg at IMF's door to save it.
As a condition of being given a licence to trade in the UK the Icelandic banks were obliged to give legal undertakings to the Financial Services Compensation Scheme - a fund of last resort which guarantees retail customers compensation of £50,000 per institution if things go wrong. I believe there's a similar scheme in the USA. Once things did start to go wrong the Icelandic Prime Minister told the banks that they could renege on these undertakings. He told them to break the law. He had no right to do that. If they want to trade in our country they play by our rules. Fortunately Iceland has assets in the UK which our government has frozen. That's why they're all being as nice as pie in Reykjavik. We have them by the danglies.
The point I was making before you came out with the 'poor plucky little Icelanders' bullshit was that Gordon Brown was much better suited to being Chancellor as he doesn't have the schmoozing skills necessary to be a good Prime Minister.
PS: The interest wasn't tax free - although I'd have thought as a good little capitalist you'd have been happier if it were. Obviously not when it's someone else's money.

^ I just heard about this "Icesave" program. I do not know all the details which is why I was questioning it. Why were people and local govts choosing this offshore bank for savings? Seemed the same as parking your money in Guernsey, away from the tax man, is all, IMO.
You said the crisis has brought the best out of Brown. He needs all the help he can get right now. I agree, he should have stayed where he was as chancellor, but that's men and politics. And quit being so snippy just because I question or disagree.
Icesave was not an offshore bank, it was a British registered subsidary of the Icelandic Kaupthing bank.Originally Posted by Jet Gorgon
No offices , only internet accounts.
They gave an unrealistic high interest rate ( 6.5 - 7.0 %) and did therefore get a
a lot of investors of which many were plain British savers.

^ too good to be true then. Were there no guarantees on the deposits? Guess not if folks are complaining.
Tell that to the professionals who invested in Icesave and Kaupthing..Originally Posted by Jet Gorgon
You expect Joe Public to have a better chance of grasping what is unrealistic high
interest?
As a new bank, they got a grace period of 5 years (if I remember correct) to upOriginally Posted by Jet Gorgon
their guarantee to £ 50.000.
Meanwhile the British government guaranteed the difference.
Icesave's current part is around £20.000 and that is the money the Icelandic state
refuses to pay back after their takeover of Kaupthing a week ago.

^ Herd mentality and greed, Lom. British bankers and others wanted what the American guys were getting. The townsfolk followed. A fool and his money are soon parted...
There seems to be considerable confusion here. Icesave and Kaupthing Edge are two separate banks. They have nothing to do with each other than that their parent companies are both Icelandic. They are both incorporated in the UK.
There is no grace period for new banks. They're either a full member or what's know as a 'passport' member (or not a member at all).
Kaupthing Edge was a full member of the FSCS scheme whose guarantee amount was raised from £35,000 to £50,000 last week. They went into default last week and the UK Treasury transferred their retail accounts to ING Direct, a Dutch bank. They are operating (more or less) normally.
Icesave is a member of the passport scheme where approximately the first £16K is covered by the Icelandic Goverment and the rest (~£34K) is covered by the FSCS. When they went into default the Icelandic Prime Minister said that Iceland was going to renege on the passport agreement for UK and Dutch customers but that Icelandic customers alone would be covered. That's when the UK Treasury froze ALL Icelandic assets in the UK.
So, yes - there were deposit guarantee schemes. The problem is that the Head of State in Iceland wanted to wriggle and squirm out of them.
Sorry, I got them mixed up.Originally Posted by lysander
Icesave is the subsidiary of Landsbankki

Oh, OK. Thanks, Lys. I know the deposit guarantee is £50K, didn't know the breakdown or the other insurer. What about the other Ice banks that crashed? It seems Iceland doesn't have the $ to pay and has thus asked for IMF help.
The only Ice banks that are incorporated in the UK are Icesave and Kaupthing Edge. Kaupthing Singer & Friedlander (Kaupthing bought out the UK bank Singer & Friedlander) is an offshore bank with no guarantees. Glitnir is the 3rd largest Iceland bank which went into default last week but has no UK connections.
Heres another thing to consider with the fraudulent registered voter names, once they are in the system they can be used to 'sign' petitions to get measures on the ballot. A measure is legislation the people directly vote yay or nay on rather than having legislative representatives (ie, congressmen) vote on it. The names can also be used to make political contributions to candidates or political action groups. They can launder money into campaigns. It's more than using the name to vote. The names are likely to be used to sign petitions and make campaign contributions.
^I note that you didn't answer the questions.
You seem to have resigned yourself to Obama winning this election and are now conducting a concerted smear campaign, atta.
McCain? His legislative track record shows him to be a liberal Republican.
What you talking about, Willis?the most shady and subversive organisations
Doesn't matter what his voting record shows. Using the same standard that has been applied to Obama he's a racist and dishonest due to his assocation with others like Strom Thurman and the Keating Five scandal.
The CIA, atta.What you talking about, Willis?the most shady and subversive organisations
You introduced nature vs nurture of a young boy growing up. I said, given your parameters, it was more likely he would learn bullshitting and far left leaning traits from his parents than it being likely he would inherit the same traits via his genes. I don't see how a child being influence during his developing years by his family and their friends is the same as an adult conducting legislation.
Oh so McCain wasn't influenced one way or the other by his family and friends then.
The point is, atta, if you're going to hang Obama on his association with certain other people then, surely, you'd have to apply the same rigourous and exacting examination to McCain.
Bob Bullock, Bush's mentor, was a well known and influential Texas Democrat politician.![]()
Smear? You guys said it was ludicrous to imply Obama associated with radicals. Because you don't have the intellectual curiosity or political inclination to do so I've pointed out that he clearly has.
If you want a smear check out Biden. His wife, and I hesitate to say this because it is a tragedy, but then again after what Biden said things need to be clarified, his wife pulled out into traffic getting herself and her daughter killed. Biden accuses the truck driver, who hit her car, of killing his wife and daughter and he says the man was drunk. The police say there is no evidence the man had been drinking. Biden says this about the poor guy (who must live with the knowledge that his truck struck and killed a woman and her daughter) in front of audiences. There is a man and his reputation involved and there is the man's family. What possess Biden to smear the man like that? It goes beyond the average bullshitter who makes things up on the spot. Does he even recognize that the people around him actually exist? Does Biden imagine himself as the star of the Truman Show. What is going on with Biden that he would lie like that? I guess I'm indicating that Biden lacks a conscious; a liar with no conscious.
You're a lawyer , Ant. Does the family have any recourse against Biden for boldly lying about their dead father? I'm sure it causes them considerable pain.
I said nothing of the sort, I said it's completely pointless and just illustrates that you've little of substance; just hollow rhetoric and continued guilt-by-association attacks on a mans character. Pretty much the same reasons McCain's falling in the polls.Smear? You guys said it was ludicrous to imply Obama associated with radicals. Because you don't have the intellectual curiosity or political inclination to do so I've pointed out that he clearly has.
I went to Primary school with this kid, we were pretty good friends. Even ate lunch together. As we grew up we weren't as close anymore, drifted apart, although we still stayed in contact. Hadn't heard from him for a few years and then one day I was reading the newspaper and saw his picture. He'd been convicted of an aggravated home-invasion burglary where one of the occupants had been seriously hurt. Needless to say he (my friend) was sentenced to quite a lengthy spell in prison. After this point I contacted his mother to ask if there was anything I could do to help the family.
Now applying your 'rationale' to that anecdote I should be serving a prison sentence alongside him by dint of my previous associations with him or it should, at the very least, be an indictment on my character and materially affect my ability to do certain jobs or hold certain positions of responsibility.
Well gee, I'm gonna hazard a guess here - go out on a limb - but, the guys wife and daughter are dead, he could've, might've possibly, been, oh I dunno... a bit upset? Maybe?What possess Biden to smear the man like that?
Your a good example of everything that's wrong with the American electorate, atta. Policy's very much secondary to sophmoric considerations and nonsense, even if that be using a tradegy like the one you outlined to make an attack on another person.
Here ya go, Ant. Biden is the one using the tragedy. He embellished it and you defend him. What a sad piece of peripheral cheerleading you do from the sidelines.
Originally Posted by attaboy
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