Originally by: Oveur

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It's important to understand that EVE is a "PvP" focused game

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Originally by: Micheal Dietrich

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I'm starting a new drinking game. Every time somebody posts one of these threads we all take a shot (and make it strong).

Who's with me?

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Originally by: Oveur

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It's important to understand that EVE is a "PvP" focused game

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Originally by: B0rn2KiLL

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I am not moved by this, CCP deals in non-isk currency, it can manage.

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Originally by: Micheal Dietrich

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You can even get a midget with a camera to sit on the floorboard.

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Originally by: Suze'Rain

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I've set a long skill training, so I'm in.

Pints or shots?

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Originally by: Oveur

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It's important to understand that EVE is a "PvP" focused game

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Originally by: Liang Nuren

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wrong forum isroy i am vjery drunm

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Originally by: B0rn2KiLL

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CCP deals in non-isk currency, it can manage.

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Originally by: Last Wolf

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Pint for every Thread.

Shot for every post in said thread.

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Originally by: Micheal Dietrich

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You can even get a midget with a camera to sit on the floorboard.

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Originally by: Herschel Yamamoto

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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.

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Originally by: Micheal Dietrich

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I'm starting a new drinking game. Every time somebody posts one of these threads we all take a shot (and make it strong).

Who's with me?

---

Originally by: Micheal Dietrich

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I'm starting a new drinking game. Every time somebody posts one of these threads we all take a shot (and make it strong).

Who's with me?

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Originally by: Big Bang

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maybe he will war dec them

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Originally by: Valan

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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.

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Originally by: B0rn2KiLL

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Originally by: Micheal Dietrich

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I'm starting a new drinking game. Every time somebody posts one of these threads we all take a shot (and make it strong).

Who's with me?

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im in.

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Originally by: Dr Slaughter

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Originally by: Big Bang

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maybe he will war dec them

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Didn't that happen before over fishing rights?

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Originally by: Micheal Dietrich

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You can even get a midget with a camera to sit on the floorboard.

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Originally by: Fink Angel

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It makes me laugh. If this was the USA doing the same thing to us, we'd be bending over and asking for more.

But because it's a country with a population roughly the size of Coventry (300k give or take), we get all big and tough and start posturing.

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Originally by: Micheal Dietrich

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I'm starting a new drinking game. Every time somebody posts one of these threads we all take a shot (and make it strong).

Who's with me?

---

Originally by: Voltain

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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.

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Originally by: jason hill

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i wonder if the icelandic banks are going to pay back the depositors with ...fish

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Originally by: Herschel Yamamoto

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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.

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Originally by: Valan

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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.

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Originally by: Slaxii

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Originally by: Herschel Yamamoto

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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.

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Originally by: Valan

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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!

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Originally by: Ghoest

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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.

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Originally by: Lustralis

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Originally by: Ghoest

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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.

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I blame the rating agencies. All these highly leveraged banks were trading AAA investments that turned out to be worth NOTHING!

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Originally by: Dr Slaughter

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Basically by not dealing with all creditors equally the Icelandic government is creating 'preferred creditors' which is a load of bollox.

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Originally by: Ghoest

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Blame who you want. If you dont look out for yourself - your the one that pays no matter whose fault you say it is.

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Originally by: Slaxii

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Originally by: Herschel Yamamoto

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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.

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Originally by: Lustralis

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Originally by: Ghoest

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Blame who you want. If you dont look out for yourself - your the one that pays no matter whose fault you say it is.

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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.

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Originally by: Fresh Prince

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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.

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Originally by: Cmdr Sy

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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.

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Originally by: Cmdr Sy

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Never come between an Englishman and his fish & chips.

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Originally by: Fresh Prince

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his grave mistake, based on "liable" sources that unfortunately were not that liable after all.

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Originally by: Gibmundur

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They should freeze West Ham Utd fc, its owned by the former mobster/owner of Landsbanki before the goverment.

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Originally by: Dr Slaughter

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Originally by: Big Bang

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maybe he will war dec them

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Didn't that happen before over fishing rights?

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Originally by: dr doooo

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Originally by: Dr Slaughter

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Originally by: Big Bang

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maybe he will war dec them

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Didn't that happen before over fishing rights?

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And they still aren't too chuffed about the fact that we invaded them in ww2 ;)

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Originally by: Haraldhardrade

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The UK are being morons in this thing. They have no right to mess with privatly owned Icelandinc companies that has nothing to do with the Icelandic government.

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Originally by: Eran Laude

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Originally by: Haraldhardrade

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The UK are being morons in this thing. They have no right to mess with privatly owned Icelandinc companies that has nothing to do with the Icelandic government.

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Uhh you seemed to have missed the point here.

1. The UK government does have the power to seize any assets of any company operating within British territory, whether you like it or not. I can't think of any better reason for freezing the assets of the Icelandic banks than 2. "they froze UK savings accounts and had no intention of renumerating British savers".

3. Also, Britain is still leagues away from going bankrupt. The British government has enough reserves to keep the banks they directly bailed out [Bradley and Bingley, Northern Rock] floating, and the ú500 billion [nearly US$1 trillion] that essentially has been made available to rescue banks, keep them running overnight and get them loaning to each other is very real, even if it does take some time for it to be used. Also, HSBC, by far and away the market leader in the UK with customer base and capital, would actually be financially capable of surviving on it's own without government money, as it still has more money than assets, should those assets turn bad. The other banks may be in serious decline, but are still a long way from bankruptcy.

Britain will certainly be one of the hardest hit nations by the Credit Crunch, but it won't go bankrupt like Iceland and it won't be as bad as it will be in the US.

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Originally by: Fresh Prince

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All you stuff....

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Originally by: Fresh Prince

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3. That paragraph made me laugh. Do you know, that only two weeks ago we lived in the same glass house you do now, with bankers and politicians convicing us that everything was all right. Let me tell you son, your country is going down the tubes, and hard. Just the fact that the inept UK government is fuelling incredible amounts of worthless paper money (by printing money out of nothing you are also creating inflation) into a bankrupt and failing system will only make the fall so much harder on the tax payers.

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Originally by: Micheal Dietrich

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You can even get a midget with a camera to sit on the floorboard.

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Originally by: Patch86

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Originally by: Fresh Prince

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3. That paragraph made me laugh. Do you know, that only two weeks ago we lived in the same glass house you do now, with bankers and politicians convicing us that everything was all right. Let me tell you son, your country is going down the tubes, and hard. Just the fact that the inept UK government is fuelling incredible amounts of worthless paper money (by printing money out of nothing you are also creating inflation) into a bankrupt and failing system will only make the fall so much harder on the tax payers.

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Seriously, do you actually know nothing about the economy?

The UK is up the proverbial creek, yes, no denying that. But that paragraph is so completely and utterly barking up the wrong tree it's not even funny.

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Originally by: Fresh Prince

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I know where it IC gov debt clock stands, at 0. Does that make me proud, yes but that also makes me belive that we can, will and should pay our new debts.

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Originally by: Lustralis

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Originally by: Fresh Prince

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I know where it IC gov debt clock stands, at 0. Does that make me proud, yes but that also makes me belive that we can, will and should pay our new debts.

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You don't understand how global finance actually works. Your country doesn't have a debt of 0, it has a debt of around ú116,000 per man woman and child. That's what your total obligations are in the private sector and you have absolutely no way of paying it without going cap in hand to the IMF (payed for by the US and UK!).

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Originally by: Lustralis

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Originally by: Fresh Prince

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I know where it IC gov debt clock stands, at 0. Does that make me proud, yes but that also makes me belive that we can, will and should pay our new debts.

---

You don't understand how global finance actually works. Your country doesn't have a debt of 0, it has a debt of around ú116,000 per man woman and child. That's what your total obligations are in the private sector and you have absolutely no way of paying it without going cap in hand to the IMF (payed for by the US and UK!).

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Originally by: Fresh Prince

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Interesting.

US national debt, 10.2 trillion dollars. (10,200,000,000,000$) rising by 15-20b every month.

UK national debt, set at ú512.4 billion but belived to be much higher, around ú1,340 billion, which is 103.5 per cent of GDP, ouch.

I know where it IC gov debt clock stands, at 0. Does that make me proud, yes but that also makes me belive that we can, will and should pay our new debts.

Guess the brits should have been paying off their loans now instead of building the London paper pushing bubble (proudly touted as the largest in the world) thats about to burst. I wonder what Brown is covering up.

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Originally by: Fresh Prince

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That debt could have been hugely mitigated if Icesaves had been allowed to liquidate its assets to further compensate its UK customer base.

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Originally by: Lustralis

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Originally by: Fresh Prince

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That debt could have been hugely mitigated if Icesaves had been allowed to liquidate its assets to further compensate its UK customer base.

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LOL

That's the whole point. They wanted to liquidate their assets, return them to Iceland and pay their Icelandic creditors, not their UK creditors! That's why they were seized by the UK government!

No I can't stand Gordon Brown. He'll be out at the next election, by a landslide, but that isn't the point. In this particular case all he's done is secured some Icelandic assets against liabilities it looks like they will be unable to pay. I expect a Conservative government would have done exactly the same thing.

To the guy who thinks that Iceland is NOT liable for any of its private company debts, I would remind you that these institutions have state backed loan GUARANTEES. The current state of play is that Iceland will have a current account deficit of around 20% of GDP this year and its private sector credit liability will be around 500% of GDP soon after. These figures are from the Wall Street Journal.

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Originally by: Croesus

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where did i say Iceland wasn't liable, i said we would pay what was required by laws. we do NOT have to pay the total debt of the banks and we will not.

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Originally by: Lustralis

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Originally by: Croesus

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where did i say Iceland wasn't liable, i said we would pay what was required by laws. we do NOT have to pay the total debt of the banks and we will not.

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If you don't pay (because you can't), then your currency gets trashed (which is what has happened). Either way you pay. Get it???!

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Originally by: Croesus

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I get your point, but if our currency was the euro would we then have to pay?

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Originally by: Croesus

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Regarding kaupthing going under of course its your pm's fault

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Originally by: Croesus

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Iceland will sue im sure.

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Originally by: Croesus

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we will have new friends and lost some old ones. life goes on.

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Originally by: Dr Slaughter

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because he was running the bank so that if the majority of it's debt got called in it didn't have enough other assets or cash to cover it's possition... sure. obviously his fault.

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Originally by: Croesus

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Originally by: Dr Slaughter

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because he was running the bank so that if the majority of it's debt got called in it didn't have enough other assets or cash to cover it's possition... sure. obviously his fault.

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we will see.

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Originally by: ExcellciuM

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Originally by: Croesus

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Edited by: Croesus on 11/10/2008 15:46:52

Originally by: Lustralis

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Originally by: Fresh Prince

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That debt could have been hugely mitigated if Icesaves had been allowed to liquidate its assets to further compensate its UK customer base.

---

LOL

That's the whole point. They wanted to liquidate their assets, return them to Iceland and pay their Icelandic creditors, not their UK creditors! That's why they were seized by the UK government!

No I can't stand Gordon Brown. He'll be out at the next election, by a landslide, but that isn't the point. In this particular case all he's done is secured some Icelandic assets against liabilities it looks like they will be unable to pay. I expect a Conservative government would have done exactly the same thing.

To the guy who thinks that Iceland is NOT liable for any of its private company debts, I would remind you that these institutions have state backed loan GUARANTEES. The current state of play is that Iceland will have a current account deficit of around 20% of GDP this year and its private sector credit liability will be around 500% of GDP soon after. These figures are from the Wall Street Journal.

---

lol, now your just assuming and making up stories and fairytales. you dont know squat if icelands bank were going to move assets to iceland, we have news to the contrary. but your just a bitter brit. no reason in arguing with you because you will believe the worst about people.

where did i say Iceland wasn't liable, i said we would pay what was required by laws. we do NOT have to pay the total debt of the banks and we will not.

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Originally by: Eran Laude

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Originally by: Croesus

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Edited by: Croesus on 11/10/2008 15:46:52

Originally by: Lustralis

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Originally by: Fresh Prince

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That debt could have been hugely mitigated if Icesaves had been allowed to liquidate its assets to further compensate its UK customer base.

---

LOL

That's the whole point. They wanted to liquidate their assets, return them to Iceland and pay their Icelandic creditors, not their UK creditors! That's why they were seized by the UK government!

No I can't stand Gordon Brown. He'll be out at the next election, by a landslide, but that isn't the point. In this particular case all he's done is secured some Icelandic assets against liabilities it looks like they will be unable to pay. I expect a Conservative government would have done exactly the same thing.

To the guy who thinks that Iceland is NOT liable for any of its private company debts, I would remind you that these institutions have state backed loan GUARANTEES. The current state of play is that Iceland will have a current account deficit of around 20% of GDP this year and its private sector credit liability will be around 500% of GDP soon after. These figures are from the Wall Street Journal.

---

lol, now your just assuming and making up stories and fairytales. you dont know squat if icelands bank were going to move assets to iceland, we have news to the contrary. but your just a bitter brit. no reason in arguing with you because you will believe the worst about people.

where did i say Iceland wasn't liable, i said we would pay what was required by laws. we do NOT have to pay the total debt of the banks and we will not.

---

Yeah, because you're totally not bitter about this whole fiasco, Icelander . . .

After half a century of the Icelandic government reneging massively on every promise it ever made to Britain about fishing rights during the Cod Wars, do you think that any British government will take what the Icelandic government says without a pinch of salt?

The Prime Minister of Iceland is as good as having said that they wouldn't have paid back British investors in Icesave or Kaupthing. Legally and politically, seizing and liquidating Icelandic assets is a good move, and I don't even like Gordon Brown; I will support the British government when it requires it though.

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Originally by: Croesus

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Edited by: Croesus on 12/10/2008 11:54:18

Originally by: Eran Laude

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Originally by: Croesus

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Edited by: Croesus on 11/10/2008 15:46:52

Originally by: Lustralis

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Originally by: Fresh Prince

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That debt could have been hugely mitigated if Icesaves had been allowed to liquidate its assets to further compensate its UK customer base.

---

LOL

That's the whole point. They wanted to liquidate their assets, return them to Iceland and pay their Icelandic creditors, not their UK creditors! That's why they were seized by the UK government!

No I can't stand Gordon Brown. He'll be out at the next election, by a landslide, but that isn't the point. In this particular case all he's done is secured some Icelandic assets against liabilities it looks like they will be unable to pay. I expect a Conservative government would have done exactly the same thing.

To the guy who thinks that Iceland is NOT liable for any of its private company debts, I would remind you that these institutions have state backed loan GUARANTEES. The current state of play is that Iceland will have a current account deficit of around 20% of GDP this year and its private sector credit liability will be around 500% of GDP soon after. These figures are from the Wall Street Journal.

---

lol, now your just assuming and making up stories and fairytales. you dont know squat if icelands bank were going to move assets to iceland, we have news to the contrary. but your just a bitter brit. no reason in arguing with you because you will believe the worst about people.

where did i say Iceland wasn't liable, i said we would pay what was required by laws. we do NOT have to pay the total debt of the banks and we will not.

---

Yeah, because you're totally not bitter about this whole fiasco, Icelander . . .

After half a century of the Icelandic government reneging massively on every promise it ever made to Britain about fishing rights during the Cod Wars, do you think that any British government will take what the Icelandic government says without a pinch of salt?

The Prime Minister of Iceland is as good as having said that they wouldn't have paid back British investors in Icesave or Kaupthing. Legally and politically, seizing and liquidating Icelandic assets is a good move, and I don't even like Gordon Brown; I will support the British government when it requires it though.

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your wrong about our pm, he never said anything of the sort.

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Originally by: Eran Laude

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Originally by: Croesus

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Edited by: Croesus on 12/10/2008 11:54:18

Originally by: Eran Laude

---

Originally by: Croesus

---

Edited by: Croesus on 11/10/2008 15:46:52

Originally by: Lustralis

---

Originally by: Fresh Prince

---

That debt could have been hugely mitigated if Icesaves had been allowed to liquidate its assets to further compensate its UK customer base.

---

LOL

That's the whole point. They wanted to liquidate their assets, return them to Iceland and pay their Icelandic creditors, not their UK creditors! That's why they were seized by the UK government!

No I can't stand Gordon Brown. He'll be out at the next election, by a landslide, but that isn't the point. In this particular case all he's done is secured some Icelandic assets against liabilities it looks like they will be unable to pay. I expect a Conservative government would have done exactly the same thing.

To the guy who thinks that Iceland is NOT liable for any of its private company debts, I would remind you that these institutions have state backed loan GUARANTEES. The current state of play is that Iceland will have a current account deficit of around 20% of GDP this year and its private sector credit liability will be around 500% of GDP soon after. These figures are from the Wall Street Journal.

---

lol, now your just assuming and making up stories and fairytales. you dont know squat if icelands bank were going to move assets to iceland, we have news to the contrary. but your just a bitter brit. no reason in arguing with you because you will believe the worst about people.

where did i say Iceland wasn't liable, i said we would pay what was required by laws. we do NOT have to pay the total debt of the banks and we will not.

---

Yeah, because you're totally not bitter about this whole fiasco, Icelander . . .

After half a century of the Icelandic government reneging massively on every promise it ever made to Britain about fishing rights during the Cod Wars, do you think that any British government will take what the Icelandic government says without a pinch of salt?

The Prime Minister of Iceland is as good as having said that they wouldn't have paid back British investors in Icesave or Kaupthing. Legally and politically, seizing and liquidating Icelandic assets is a good move, and I don't even like Gordon Brown; I will support the British government when it requires it though.

---

your wrong about our pm, he never said anything of the sort.

---

http://www.msnbc.msn.com/id/27083106/

PM/government, they're all the same to me.

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Originally by: Dr Slaughter

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So from this thread I'm getting that:

UK banks, charities, local government, and private investors invested more than ú1bn into Icelandic banks.

Because when the Icelandic government announced that they would be making preferential creditors where there were none before the UK government froze the assets of an Icelandic banks UK operations as a precaution to ensure any, and let's not beat about the bush here, DEFRAUDED UK investors, would get some of their money back...

Now certain people in this thread are blaming the entire failure of the Icelandic banks on the UK.

That about right?

---

Originally by: Croesus

---

Edited by: Croesus on 12/10/2008 17:25:55

Originally by: Dr Slaughter

---

So from this thread I'm getting that:

UK banks, charities, local government, and private investors invested more than ú1bn into Icelandic banks.

Because when the Icelandic government announced that they would be making preferential creditors where there were none before the UK government froze the assets of an Icelandic banks UK operations as a precaution to ensure any, and let's not beat about the bush here, DEFRAUDED UK investors, would get some of their money back...

Now certain people in this thread are blaming the entire failure of the Icelandic banks on the UK.

That about right?

---

no.

things are now being put in the right path, just like it should have been done in the beginning.

---

Originally by: Dr Slaughter

---

So from this thread I'm getting that:

UK banks, charities, local government, and private investors invested more than ú1bn into Icelandic banks.

Because when the Icelandic government announced that they would be making preferential creditors where there were none before the UK government froze the assets of an Icelandic banks UK operations as a precaution to ensure any, and let's not beat about the bush here, DEFRAUDED UK investors, would get some of their money back...

Now certain people in this thread are blaming the entire failure of the Icelandic banks on the UK.

That about right?

---

Originally by: Lustralis

---

Originally by: Dr Slaughter

---

So from this thread I'm getting that:

UK banks, charities, local government, and private investors invested more than ú1bn into Icelandic banks.

Because when the Icelandic government announced that they would be making preferential creditors where there were none before the UK government froze the assets of an Icelandic banks UK operations as a precaution to ensure any, and let's not beat about the bush here, DEFRAUDED UK investors, would get some of their money back...

Now certain people in this thread are blaming the entire failure of the Icelandic banks on the UK.

That about right?

---

Right, but you like a lot of the posters accidentally forgot to mention the Icelandic bank FREEZING the accounts of UK savers. They couldn't take their money out. This happened before Icelandic assets in the UK were frozen.

Some people also seem to think that the behaviour of Icelandic banks was all private industry and nothing to do with the government. In a country with such a small population, I find it hard to imagine such huge sums of money being gambled with WITHOUT the government knowing about it and giving it its seal of approval! Moreover, the Icelandic banks borrow with guarantees from the government (this is basically how all banking works). Hence the currency being trashed.

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Originally by: Lustralis

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forgot to mention the Icelandic bank FREEZING the accounts of UK savers. They couldn't take their money out. This happened before Icelandic assets in the UK were frozen.

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Originally by: Lustralis

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I find it hard to imagine such huge sums of money being gambled with WITHOUT the government knowing about it and giving it its seal of approval!

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Originally by: Fresh Prince

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Also its worth noting that the pound has been falling lately, mostly due to this crysis, another thing that Brown can be complemented on.

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Originally by: Croesus

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fair weather friends, we needed understanding and instead we got steamrolled.

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Originally by: Dr Slaughter

---

Edited by: Dr Slaughter on 13/10/2008 09:56:49

Originally by: Fresh Prince

---

Also its worth noting that the pound has been falling lately, mostly due to this crysis, another thing that Brown can be complemented on.

---

Cry me a river of bitterness as you seem to have enough for everyone.

1. UK invests billion+ in Icelandic business,
2. UK Government and investors ignore warnings not all is well in Iceland,
3. Icelandic banks start to fail,
4. UK finds out that it's investors are likely to be screwed over,
5. UK Government takes minor, but high profile, action to protect assets,
6. You lot start crying about it all being Browns fault.

Let's rewind to (4) shall we. If the threat of breaking the rules to defraud UK investors had never occured Brown wouldn't have had anything to do now would he?

I don't like Brown or the UK government and they and the investors who put all their money into Icelandic banks should have been paying attention at [2] above so to some extent it's their own fault BUT.. for you to refuse to take any blame yourselves and keep coming on here saying 'wha wah, it's Browns fault' is ludicrous.

Now you're saying 'haha your currency is suffering too'. Ooowww... wow currencies go up and down just like shares what a revelation.

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Originally by: Artharas

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You drove our biggest institution to the ground and made the investments that any Icelandic company had pretty close to worthless.

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Originally by: Artharas

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These same investments were suppose to be liquitized to pay you back.

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Originally by: Artharas

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Anyway I think an agreement has been done with the UK and the Dutch, but we'll keep rebuilding our society. I have high hopes Icelanders will never make any mistake in thinking of the UK as a friend of our small island again.

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Originally by: Croesus

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you hate us and i love it.

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Originally by: Dr Slaughter

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Originally by: Croesus

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you hate us and i love it.

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No I don't. I don't even know 'you' and I've never been to Iceland. Would love to go one day.

I just think some of the posters in this thread are being really blinkered and it's irritating me that they're IMHO idiotically blaming the entire situation on the UK PM without thinking about:

a. how their banks got out of control in the first place and accepting some responsibility for that,
b. why the UK Government reacted the way it did (perhaps if the Icelandic government on the night before they froze UK investor assets had called the UK up and said.. we're screwed what can we do together to solve the situation Mr Brown wouldn't have done what he did, sadly the message we all received here was pretty much 'we're not giving you the money back, so there').

You all know where I stand ('take some responsibility for your own banks and government screwing up, and it's not all Mr Browns fault') so I won't bore you with any more posts. The rabid fringe (I hope) posters from Iceland can rant away to their hearts content now....

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Originally by: Dr Slaughter

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Sure, it's all 'our' fault that 'you' didn't have enough capital in reserve to make your businesses actually worth something.

The only thing 'we' have been guilty of was falling for the to-good-to-be-true deals your banks offered, ignoring advice that it wasn't a safe investment.

Guess that makes 'our' investors that invested in 'your' banks greedy but that's life.

The UK Government appeared to be very happy to liquidate them for you. No need to transfer the money back out of the UK.

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Originally by: Dr Slaughter

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We recently saw what happened when banks take money out of their UK operations to favorably treat their group company / home market investors.

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Originally by: Dr Slaughter

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The mistake made here was publicly saying the UK investors would be shit out of luck. If your people had just taken the money out Brown wouldn't have had a chance to act in time alternatively

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Originally by: Dr Slaughter

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WTF? Belligerent politicians and greedy bankers got us all into this and you don't ever want Iceland to be 'friends' with the UK?

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Originally by: Valan

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Typical British behaviour, wait until things are really bad before you decide to get stuck in.

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Originally by: Artharas

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Now I'm not saying that they were the reason our banks failed like you seem to try to make it sound like. I'm saying, if they'd have left them alone, Kaup¦ing would've been able to liquidize their own investments to keep standing and our biggest bank and institution could've stood up and provided security for Iceland. Brown and Darling slaughtered all that with their statements and taking over the British part of Kaup¦ing. With these actions Kaup¦ing died and investments which you say the UK Government is happy to liquidize for us become close to worthless.

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Originally by: Valan

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Artharas - long time since I've seen you around.

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Originally by: Valan

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Even though they did put the nail in the coffin I'm not sure in the current climate they would have had time to survive. Organisations at the moment aren't getting the time to mitigate issues rumours spread quick and the vultures swoop. Even if your company is solid if the wrong rumour circulates they get taken out.

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Originally by: Valan

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I think that's part of the problem Governments and organisations are sneaking around trying to keep things low key so they can do something about it. Problem is if they get spotted they're assumed to be doing worng and then you get what just happened.

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Originally by: Valan

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The media are as much to blame as anyone else for stirring it all up.

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Originally by: Sneeze100

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Edited by: Sneeze100 on 13/10/2008 18:40:06
COD WARS BIG FISH EATS SMALL FISH GET OVER IT

I forgot keep up the good work Gordon Brown.

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Originally by: Dr Slaughter

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Edited by: Dr Slaughter on 13/10/2008 16:06:50

Originally by: "Alister Darling"

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æThe Icelandic government told me, believe it or not, they have no intention of honouring their obligations there,Æ said Darling, on the Today programme.

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via Citywire

You all know where I stand ('take some responsibility for your own banks and government screwing up, and it's not all Mr Browns fault') so I won't bore you with any more posts. The rabid fringe (I hope) posters from Iceland can rant away to their hearts content.. I especially like the guy who can't spell industrial in his corp name, oh look, he's the next poster, fancy that.

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Originally by: Artharas

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Ninja editing is a bad thing mkay?

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Originally by: Carthas Kei

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And now with the UK using the indirect threats of the IMF to try to force deals out of Iceland that its not even legally obliged to fullfill, its even more important to give em the finger.

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