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Uk government to freeze assets

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EnslaverOfMinmatar Yarsk Hunters DeaDSpace Coalition	Posted - 2008.10.10 10:24:00 - [31] UK government to freeze asses..... ... if they go to Iceland. See, by removing 1 letter I turned your bad news into somewhat funny news.
jason hill Caldari Clan Shadow Wolf Sylph Alliance	Posted - 2008.10.10 10:33:00 - [32] if UK gov are going to confiscate icelandic assets... does that mean we wont be seeing that horrible minger kerry catona in those horrid adverts anymore ?... yaaa im up for that ....every cloud has a silver lining
Zhula Guixgrixks Increasing Success by Lowering Expectations Vanguard.	Posted - 2008.10.10 11:14:00 - [33] Edited by: Zhula Guixgrixks on 10/10/2008 11:14:57 Let's put it short: is G.Brown killing Eve ?? CCP, can Brown freeze your assets ? "he was willing to use anti-terrorism legislation to freeze the assets of other Icelandic companies operating in Britain in an effort to recoup the lost money" http://www.guardian.co.uk/business/2008/oct/10/banking-iceland btw. nice anti-terrorism laws, orwell would be proud :)
Sir Libeskind	Posted - 2008.10.10 11:25:00 - [34] Does this mean that anyone going to Fanfest will be confiscated too? Im not going any more, I might not be allowed to come back....
Voltain BEER Inc.	Posted - 2008.10.10 11:36:00 - [35] Something that caught my attention: Ice Save apparently advertised as being covered by the UK Financial Services Authority (who now through the UK government guarantee savings up to ú50k), but it turned out they wasn't. I think this is what Brown is talking about when he says they acted illegally but canÆt find any info atm. If thatÆs the case, then fair enough heÆs doing the right thing by the people of the UK who have investedà..or like myself, had their local council investing on their behalf! Unless CCP have business loans with these Banks, I don't see how this action could effect Eve. It may screw some employees that use them though.
Lustralis	Posted - 2008.10.10 12:24:00 - [36] Originally by: Voltain Something that caught my attention: Ice Save apparently advertised as being covered by the UK Financial Services Authority (who now through the UK government guarantee savings up to ú50k), but it turned out they wasn't. I think this is what Brown is talking about when he says they acted illegally but canÆt find any info atm. If thatÆs the case, then fair enough heÆs doing the right thing by the people of the UK who have investedà..or like myself, had their local council investing on their behalf! Unless CCP have business loans with these Banks, I don't see how this action could effect Eve. It may screw some employees that use them though. I think what happened was that Iceland froze the bank accounts of all UK depositors, preventing them from moving their money out. In retaliation, the UK government froze all Icelandic assets in the UK.
Valan The Fated	Posted - 2008.10.10 12:34:00 - [37] Basically they traded off being protected by the UK which they weren't. Then when they hit trouble they froze all assets and started to sort out the locals instead of treating all depositors equally. So Gordon froze the assets of the parent bank. Nice Island we'll take it! /start sig I love old characters that post 'I've beeen playing the game four years' when I know their account has been sold on. /end sig
jason hill Caldari Clan Shadow Wolf Sylph Alliance	Posted - 2008.10.10 12:35:00 - [38] i wonder if the icelandic banks are going to pay back the depositors with ...fish destroy everything you touch
Lustralis	Posted - 2008.10.10 12:47:00 - [39] Edited by: Lustralis on 10/10/2008 12:47:39 Originally by: jason hill i wonder if the icelandic banks are going to pay back the depositors with ...fish I don't see how they can't go bankrupt as a country without being bent over by some other power (Russia for instance). They owe over ú100,000 for each man, woman and child!
Ishtar1 Rionnag Alba Triumvirate.	Posted - 2008.10.10 13:23:00 - [40] na the freezing of the assets is over the fact that over 100 local counciles in england and walse have around about 800mill deposited in the banks over there
ExcellciuM Exair Industries	Posted - 2008.10.10 13:37:00 - [41] Please visit your user settings to re-enable images.
Slaxii Caldari	Posted - 2008.10.10 13:52:00 - [42] Originally by: Herschel Yamamoto Edited by: Herschel Yamamoto on 09/10/2008 19:31:24 What the ****? Britain used anti-terrorism laws to confiscate Icelandic bank assets? Is that seriously the trigger cause for the Icelandic implosion? Good god, I thought it was a country run by Gordon Brown, not Hugo Chavez. Also, the idea of the Eve servers being frozen is distinctly unappealing(to say the least). I seriously hope it doesn't come to that, though - open trade war between developed nations is never a good thing. No you stupid fool, it's not what caused the Icelandic banks implosion. It's a result of the Icelandic banks implosion. Those banks refused to repay the money owed to British Citizens, GB is just taking a stand to get the money owed back. Any similarity to Hugo Chavez is simply in your mind because it's a poxy excuse for a mind which doesn't know anything about what it's talking about. Eve servers won't be frozen, stop panicking.
Titus Vulso Amarr	Posted - 2008.10.10 14:29:00 - [43] Looks like the Dutch are threatening legal action against the Icelandic state as well.
Fresh Prince Aliastra	Posted - 2008.10.10 15:26:00 - [44] Originally by: Valan Well I have to say Gordon Brown is staging a bit of a comeback lol. Takes a pair to say the Icelandic Government is acting illegally and the seize all their assets lol. Seems when his back is to the wall he comes back fighting :) Typical British behaviour, wait until things are really bad before you decide to get stuck in. Yes, good job Brown using the small country of Iceland as a punching bag to cover up your own mistakes and total lack of confidence you have in your own home country. Would have like to see him do this to any other nation with a population over 5.000.000. There is only one word that can be used for behaviour like this, and that is B.U.L.L.Y. Fly safe.
Fresh Prince Aliastra	Posted - 2008.10.10 15:31:00 - [45] Originally by: Slaxii Originally by: Herschel Yamamoto Edited by: Herschel Yamamoto on 09/10/2008 19:31:24 What the ****? Britain used anti-terrorism laws to confiscate Icelandic bank assets? Is that seriously the trigger cause for the Icelandic implosion? Good god, I thought it was a country run by Gordon Brown, not Hugo Chavez. Also, the idea of the Eve servers being frozen is distinctly unappealing(to say the least). I seriously hope it doesn't come to that, though - open trade war between developed nations is never a good thing. No you stupid fool, it's not what caused the Icelandic banks implosion. It's a result of the Icelandic banks implosion. Those banks refused to repay the money owed to British Citizens, GB is just taking a stand to get the money owed back. Any similarity to Hugo Chavez is simply in your mind because it's a poxy excuse for a mind which doesn't know anything about what it's talking about. Eve servers won't be frozen, stop panicking. Incorrect. What was said was that the Icelandic NATION would not take FULL responsibilty for those payments. If Mr. Brown would not have jumped up on his unpopular ass then the banks would have had more time to liquidate assets that would then have gone towards paying said depts. As it stands his actions have rendered those assets much less valuable, and severely diminshed the chance of his subjects to get their money back. Good job Brown, i can see why you are so popular in the UK, and Darling.....well you are a darling.
Carthas Kei	Posted - 2008.10.10 15:37:00 - [46] Originally by: Valan Basically they traded off being protected by the UK which they weren't. Then when they hit trouble they froze all assets and started to sort out the locals instead of treating all depositors equally. So Gordon froze the assets of the parent bank. Nice Island we'll take it! I guess the Russians would be selected over you from this day on.
Jackie Fisher Galactic Defence Consortium	Posted - 2008.10.10 15:39:00 - [47] Please visit your user settings to re-enable images.
goodby4u Valor Inc.	Posted - 2008.10.10 15:45:00 - [48] Take a shot dietrich...
Ghoest	Posted - 2008.10.10 16:10:00 - [49] From my perspective you have it coming if you put all your money in a leveraged bank and you arent positive its backed by a Govt you feel is dependable. If you think corp is different than a guild or clan you have some insecurity issues.
Lustralis	Posted - 2008.10.10 16:27:00 - [50] Originally by: Ghoest From my perspective you have it coming if you put all your money in a leveraged bank and you arent positive its backed by a Govt you feel is dependable. I blame the rating agencies. All these highly leveraged banks were trading AAA investments that turned out to be worth NOTHING!
Ghoest	Posted - 2008.10.10 16:31:00 - [51] Originally by: Lustralis Originally by: Ghoest From my perspective you have it coming if you put all your money in a leveraged bank and you arent positive its backed by a Govt you feel is dependable. I blame the rating agencies. All these highly leveraged banks were trading AAA investments that turned out to be worth NOTHING! Blame who you want. If you dont look out for yourself - your the one that pays no matter whose fault you say it is. If you think corp is different than a guild or clan you have some insecurity issues.
Dr Slaughter Minmatar Rabies Inc.	Posted - 2008.10.10 16:44:00 - [52] Basically by not dealing with all creditors equally the Icelandic government is creating 'preferred creditors' which is a load of bollox. I wonder what it would take to be worth seizing control/invading for 'financial stability' reasons... Joint EU task force invades iceland to secure financial stability and.. err.. steal fish? ~~~~ There is no parody in this thread. Honest.
Cmdr Sy Appetite 4 Destruction The Firm.	Posted - 2008.10.10 16:53:00 - [53] Edited by: Cmdr Sy on 10/10/2008 16:53:55 Originally by: Dr Slaughter Basically by not dealing with all creditors equally the Icelandic government is creating 'preferred creditors' which is a load of bollox. It is not silly at all if you make it explicit in the contract, as in preferred equity, and appropriately reward different levels of investor risk. But in this case the contract was broken. Iceland committed to backing the first EUR 20,000 of a depositor's accounts, the UK to the remainder up to ú50,000, then Iceland selectively defaulted on international accounts and left the UK and presumably other governments to pick up the rest of the tab. Now the appropriate thing to do would be for governments to sue each other, but that is not cost-effective compared to seizure of assets - it achieves the same thing without giving lawyers half the money over several years.
Lustralis	Posted - 2008.10.10 16:58:00 - [54] Originally by: Ghoest Blame who you want. If you dont look out for yourself - your the one that pays no matter whose fault you say it is. That's what regulations and rules are for. There are people who understand how the system works, there are people who have no idea how the system works and then there's most of us, who have a working understanding enough to make our own choices. The problem is the real experts have been selling to everyone, not just the financially savvy. Those who don't understand the relationship between interest rate and risk are simply dazzled by the numbers. Either way, if the UK government can recover UK savers cash by freezing Icelandic assets in the UK, then they are within their legal rights to do so. Iceland is bankrupt. As to your point, "look out for yourself", that's what I'm saying. The rating agencies had these banks at AAA not three weeks ago. How can you look out for yourself if your "reliable" source of information is completely and utterly wrong? The entire system is broken. We're going to need a complete re-write.
Croesus Caldari Titan Indurstrial	Posted - 2008.10.10 17:06:00 - [55] Edited by: Croesus on 10/10/2008 17:07:25 Originally by: Slaxii Originally by: Herschel Yamamoto Edited by: Herschel Yamamoto on 09/10/2008 19:31:24 What the **? Britain used anti-terrorism laws to confiscate Icelandic bank assets? Is that seriously the trigger cause for the Icelandic implosion? Good god, I thought it was a country run by Gordon Brown, not Hugo Chavez. Also, the idea of the Eve servers being frozen is distinctly unappealing(to say the least). I seriously hope it doesn't come to that, though - open trade war between developed nations is never a good thing. No you stupid fool, it's not what caused the Icelandic banks implosion. It's a result of the Icelandic banks implosion. Those banks refused to repay the money owed to British Citizens, GB is just taking a stand to get the money owed back. Any similarity to Hugo Chavez is simply in your mind because it's a poxy excuse for a mind which doesn't know anything about what it's talking about. Eve servers won't be frozen, stop panicking. no you stupid they never refused anything. Brown is a **ing liar and an opportunist.
Cmdr Sy Appetite 4 Destruction The Firm.	Posted - 2008.10.10 17:25:00 - [56] The real economy is like the EVE economy, if the promised return is high, there is a podding around the corner. The fact that some company got paid to declare BBB as AAA does not absolve anyone of the responsibility to use their common sense. You know, some UK banks were paying savers 10-12% interest early this year, guess what happened to them. Was I surprised? No. That's what made me read their balance sheets. You have to exercise due diligence. That term exists because sometimes, even raters, auditors and regulators lie.
Fresh Prince Aliastra	Posted - 2008.10.10 17:50:00 - [57] Edited by: Fresh Prince on 10/10/2008 17:56:27 Originally by: Lustralis Originally by: Ghoest Blame who you want. If you dont look out for yourself - your the one that pays no matter whose fault you say it is. Either way, if the UK government can recover UK savers cash by freezing Icelandic assets in the UK, then they are within their legal rights to do so. Iceland is bankrupt. You sir talk out of your ass. Also i might ask, if your (presumably) government had every right to freeze the assets did they have to utilize the terrorism law? I would think that the people who had money in those accounts would be angry at him for undermining the value of the banks assets, making it so much harder for it to meet demands! As for your claims about Iceland being bankrump, look in your own bloody back yard....you have banks going under right and left....so stick your words where they belong.
Zranti	Posted - 2008.10.10 17:58:00 - [58] Great Britain uses anti-terrorism laws to confiscate Icelandic assets. Don't you have to declare Iceland a terrorist country first? If not, is it still legal to confiscate these assets using anti-terrorism laws? What does an Icelandic terrorist look like? Wasn't there another avenue to use (perhaps the IMF) to rectify this situation? I find the questions are sometimes more important than the answers.
Lustralis	Posted - 2008.10.10 18:11:00 - [59] Originally by: Fresh Prince You sir talk out of your ass. Also i might ask, if your (presumably) government had every right to freeze the assets did they have to utilize the terrorism law? I would think that the people who had money in those accounts would be angry at him for undermining the value of the banks assets, making it so much harder for it to meet demands! As for your claims about Iceland being bankrump, look in your own bloody back yard....you have banks going under right and left....so stick your words where they belong. Utilising the anti-terrorism law was the quickest way of doing it. If Iceland thinks that unjust, perhaps it shouldn't have frozen UK accounts in the first place? Note the course of events: Iceland bank freezes savers accounts, UK seize Icelandic assets. Not the other way around. With respect to bankruptcy, the UK is far from it. The problem is not asset strength or capital base, it's confidence. There isn't any. The Icelanders however owe over ú100,000 per man, woman and child and don't have the means to honour their debts (I assume they don't have vast Gold reserves or some other such commodity hidden away anywhere). In my view that is pretty much the definition of bankruptcy. However, they will gain cash for political favours from the Russians, so I don't think the Caviar will be removed from the high table just yet, because it's in our interests to help them out of this quagmire (over 100,000 people work for Icelandic businesses in the UK).
Dr Slaughter Minmatar Rabies Inc.	Posted - 2008.10.10 18:32:00 - [60] Originally by: Cmdr Sy Edited by: Cmdr Sy on 10/10/2008 16:53:55 It is not silly at all if you make it explicit in the contract, as in preferred equity, and appropriately reward different levels of investor risk. I know I own some but as you point out if the company/government then changes the rules (effectively breaking various laws in the process) I would also be SOL. That's my complaint. Warranting one thing and doing another. ~~~~ There is no parody in this thread. Honest.

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