So , you put your sobs , in a foreign bank , outside of the protection of the British Financial regulatory system .
The bank rolls over on it's back .
You come running to the Government ( the rest of us ) to bail you out .
Why should we ?
BertiWooster Thurs 09/10/08 12:49
To subscribe to this question you need to
sign in to the AnswerBank or register
if you are not already a member. All you need is a valid email address to register.
|
|
Sovs - Short for Soveriegns - if ya gonna be a Geeza get it right!
Sadly the banks concerned was registered in Uk, same as Abbey National for example which is Spanish.
|
|
|
Alistair Darling pledge was:
"We are pursuing Iceland and we will pursue it vigorously to make sure that we get the money due to us back.
"But, in the meantime, I am going to be able to help those savers who would otherwise have to look to Iceland to get their money back. I am prepared to stand behind them and to stand behind the depositors."
Which seems like a sensible approach. The Government will lean on the Icelandic Government to get the money back, but in the meantime, help anyone who this affects.
|
|
|
Question Author
No , not 'sovs'
'sobs' - my reference was to the slang used for pounds , in the comedy drama series - Minder
|
|
|
Is it? I was sure they say 'sovs' in Minder - I'll pay better attention.
|
|
|
Question Author
Yes , but these savers are going to get ALL their money back - not limited to the 50k for people guranteed under the British regulatory system ; - when they knew , in this case that , the Icelandic government , was supposed to gurantee a percentage of the amount of money in their accounts .
So isn't that the risk they took ?
As for the Government getting the money back - Well , lets hope so - but I wouldn't bet too many ' sobs' on it .
|
|
|
Never call pounds "sobs" in Minder?
Its as R1 calls it you mis-heard Berti
|
|
|
Maybe they'll pay in kind.
that's an awful lot of Cod
|
|
|
sovs ! is slang for sovereigns and also how it was used in Minder
|
|
|
I'm sure that your Aunt Agatha would be appalled that a Wooster would watch something as dreadfully common as 'Minder'. Whilst I did not watch the series, "sov" was correctly explained by R1Geezer and I respectfully suggest that you misheard the awful dialect that those people use.
|
|
|
definateley Sovs me old china! I should know I'm the Geezer round here!
|
|
|
So are you including Abbey (Spanish)
the Honk Kong & Shanghai Banking Corporation (HSBC to most people)
What about ING? (from Holland)
|
|
|
An answer on another forum:
Icesave was a UK "branch" of Landsbanki; meanwhile Heritable was a UK "subsidiary" of the same Landsbanki.
Makes a difference, apparently, as Heritable were fully covered by UK regs while Icesave's deposit protection arrangements were partly external.
Reykjavik seems to have mis-spoken itself last night (translation issues), upsetting Darling by saying they weren't paying up. They've now put out a fairly grovelly statement saying they will pay their share, and may even find enough to cover all of Icesave deposits.
|
|
|
Question Author
LeMarchand
I'm not scared of aunt Agatha - us Wooster's are made of stern stuff , dont you know - eh what .
|
Free Mmorpg | Chicago Condos | Mortgages | Personalized dog collars | Car Finance
