Terrorism Saves British From Iceland Banks
IN “Town Hall Millions May Be Lost In Iceland”, theTimes ntoes:
The Government used anti-terrorism powers to freeze an estimated £4 billion of British financial assets in Landsbanki, Icesave’s parent bank. A spokesman for the Treasury said that the 2001 Anti-Terrorism, Crime and Security Act was invoked as a “precautionary measure”.
Terrorism. Tsk! It’s everywhere, isn’t it. If you give 42 days notice, can you still get your money?
It’s getting to he like Maryland…
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Posted: 9th, October 2008 | In: Politicians, War On Terror Comments (27) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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October 12th, 2008 at 1:23 am
i do think this is bliars legacy.
October 12th, 2008 at 1:21 am
thordur says,
“We will take further action against the Icelandic authorities wherever that is necessary to recover money.”
that is simply wrong. where some of the action needs to be taken is with the council bodies, the british council bodies who collected excesses of british taxpayers monies and squirrelled it away all the while charging the rate payer more and more for less and less services, with the excuse that costs were going up. that to my mind is criminal. and i won’t even touch on the fact that some of those public servants pay themselves nearly twice as much per annum as what the prime ministers salary is.
to evoke the anti terrorism act is simply an abuse of power and a whitewashing and a ‘let’s not deal with this but blame it on others’ because if we do that perhaps no-one will notice how corrupt we are.
October 12th, 2008 at 12:58 am
The Gordons ridiculous overreaction to Icelands problems seem as insane to us Thordur as they seem unfair to you ( which they are ).
btw, you can keep Bjork but any spare fish would be welcome.
October 11th, 2008 at 8:15 pm
The situation in Iceland is really bad.
I look at my country as people are loosing their jobs, there is no security and the future is gloomy: analysts are saying Iceland might go back 30 years economically speaking.
It is of course very sad that other people are affected as well, British, Dutch, Finish, etc. Glitnir and Landskankin were privately owned banks at the moment of their bankruptcies . In my opinion, greedy investors took the wrong decisions with people’s money , and now a hole nation is affected :”We were faced with the real possibility that the national economy would be sucked into the global banking swell and end in national bankruptcy,” Icelandic prime minister Mr Haarde said.
I believe that Councils in Britain that lost money did this with warnings, they were informed investors , with a fundamentelly different status then regular people.
They have a greater responsability of what they do with people’s money. Of course is difficult now and very very unfortunate.
The situation is at it is in Iceland.
But even in Britain, according to the debt charity Credit Action, one person is declared bankrupt or insolvent every five minutes in the UK.
According to Roger Bootle, the managing director of Capital Economics, the way banks lend money has changed forever:”"We’ve been through a period when the
financial markets went bonkers and remarkably central banks and governments allowed them to and many of us were caught up in this.”
But my county is trying it’s best to cope with the crisis.
In my opinion the act of the British government to declare a terrorist law against Iceland by freezing other Icelandic companies is socking. What does other Icelandic firms have to do with this 2 particular private banks? Or the government of Iceland, as the British prime minister has putted into word: “We will take further action against the Icelandic authorities wherever that is necessary to recover money.”
Is this the best road to a peaceful collaboration into solving this huge financial crisis?
I believe other countries might have answered with war. After saying this about war, i have to confess i am glad we are a tiny nation without an army, peaceful, hard working people, with the main occupation of fishing before the crazy bankers and investors came along. Now it seems we are going back to the fish factories.
Does the USA government back up all the private banks that might get bankrupt with all the mes that can create?
In a BBC report was putted this question: ” Why didn’t the US Treasury save Lehman Brothers? …the US tax payer has been put at risk of shouldering the burden of billions of dollars of losses, and it is becoming politically LESS ACCEPTABLE for the government to keep bailing out private companies.”
The same BBC article mentions that “analysts say the US Treasury has put a line under its willingness to use public money to rescue banks which have made wrong decisions.”
In my opinion, the banks ( Glitnir, Landsbankinn) at the moment of their bankruptcy were owned by greedy investors who took wrong decisions and now my country is going to hell for that.
I want to address to my leaders and the British leaders to be careful in their decision making. I hope they will find the way to work together to fix this mess.
Me, as a regular citizen of Iceland, and i think i can speak for regular hard working British people, that is what we all want.
Iceland has been getting a bad reputation in the news, and i think is undeserved. There are certain individuals that caused this financial plague, not regular Icelanders.
Warmly,
Thordur
Not a banker or investor,
October 10th, 2008 at 12:46 am
Goodnight, sam.
See you tomorrow…
October 10th, 2008 at 12:30 am
and jack
October 10th, 2008 at 12:29 am
goodnight chenier
October 10th, 2008 at 12:29 am
‘Night once more…unless we never wake up to a new dawn…mwuhahahh (etc.)
October 10th, 2008 at 12:27 am
Nick Bostrom is funnier than Pynchon.
And I must to bed; goodnight, Jack…
October 10th, 2008 at 12:22 am
If we are just an experiment in computer modelling, I hope someone stops the program soon…but I expect we haven’t yet suffered enough for Their liking…whoever They are…. (Goes back to read Gravity’s Rainbow some more…)
October 10th, 2008 at 12:15 am
Oh, it’s ok if people are virtually bankrupt; it’s when it happens in the real world that the trouble starts.
I have a sneaking fondness for Nick Bostrom, who argues that the chances that some of us exist only within a computer is really quite high…
October 10th, 2008 at 12:11 am
“Mr Zardari has been prompted to launch an international appeal for $100 billion to save the country from going bankrupt”
Anyone got a spare 100 billion? Will the Taliban make the trains run on time?
telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/10/do1003.xml
October 10th, 2008 at 12:10 am
they might have to do some bogoffs.
October 10th, 2008 at 12:05 am
Turning your parnter into a cat is even more bizarre than trying to sue someone who’s virtually bankrupt. Strange times are afoot….
October 10th, 2008 at 12:01 am
Pakistan is on the edge too apparently, so the Icelanders might not get that emergency shipment of naan bread they’ll need to survive the winter.
October 9th, 2008 at 11:56 pm
jack, no brioche ?
October 9th, 2008 at 11:48 pm
Oh they’re nice chaps really. Just don’t feed them too much cake, whatever you do….
October 9th, 2008 at 11:45 pm
i’m not so sure, i had a look at sigur ros
http://www.youtube.com/watch?v=_EyI4p0yjDQ
October 9th, 2008 at 11:44 pm
This is very odd; Real is assuring me that I can transform my partner into a cat. I always end up wondering why someone would want to do the things they send me special offers on…
October 9th, 2008 at 11:42 pm
and sam is awarded the bad pun of the day prize…
October 9th, 2008 at 11:41 pm
Works for me, Jack.
As long as they stick to popping down to Great Yarmouth for a spot of looting and pillaging…
October 9th, 2008 at 11:38 pm
We could do a swap - we get Sigur Ros, Mum and Bjork, they get Amy, Pete Townsend and Liam Gallagher. Though that might cause the entire Iceland population to take to Viking longboats and invade Britain in retaliation.
October 9th, 2008 at 11:35 pm
yes, though apperently it’s still in the red, if we send amy over there will it go back to black ?
October 9th, 2008 at 11:31 pm
Isn’t it slightly bizarre that Gordan is talking about suing a country that is on the verge of bankruptcy? What will they pay him with, strange-voiced pop stars?
October 9th, 2008 at 11:26 pm
Love it, sam.
It’s overpriced, though…
October 9th, 2008 at 11:23 pm
http://tinyurl.com/forsaleonebay
October 9th, 2008 at 3:00 pm
Wow!
The anti-terrorism laws finally came in useful…