For what it’s worth, the weather is beautiful here in Scotland and I’m heading out.

First of all, Kaupthing wasn’t bankrupt, they would have probably survived this credit crunch.
Second, if Bank A from Britain would have gone bankrupt in Iceland leaving Icelanders worried about their deposits, the Icelandic government would NEVER (hardly any country besides UK, Venezuela and Zimbabwe etc.) freeze the assets of Bank B just because Bank B was from Britain, leading to the collapse of Bank B aswell. And now they are talking about freezing the assets of every Icelandic company located in the UK!

Martin;
“Anyone in Iceland know what Bjorgolfur Gudmundsson and his son Thor are up to?
Being a West Ham United fan and what with all this political argy bargy, I was wondering would I be chanting “Gordon Brown’s Claret and Blue Army” at the next match?”

They are probably spending the IceSave deposits profit on luxury items and pouring it in to West Ham. They were the majority shareholders of Landsbanki and therefore also IceBank.

I really can’t understand how people can blame the Icelandic people for all of this. The majority of the Icelandic people didn’t have anything to do with all of this lavish lifestyles of the super rich. Most of us have been struggling to live a modest life, although I must admit that a lot of people lived above their needs, but not everyone.

And the funny thing is that the men that invested the uk deposits into shady investments are all living the high life in London, not Iceland, why aren’t you angry at these men instead?

Another week and another sticking plaster would not have saved Landsbanki or Glitnir. Kaupthing is possibly unfortunate, but innevitable.

You are in the eye of the storm, but we’re not far behind. Until the Icelandic failures, no depositor had lost anything in the UK, and although refusing to give a blanket guarantee, the government were desperate to keep it that way. Every vibe coming from your government was “we asked you for help, you wouldn’t so we going down and it’s every country for itself”. And that as much of the banks’ foreign assets were to be repatriated as soon as possible. Maybe there was a misunderstanding, but the facts are there to see, no matter what the intention.

It’s blatently obvious Iceland will not be able to meet it’s obligations, no matter what are considered obligations or not. The UK is in a pretty desperate situation itself, and to freeze the assets was the right thing to do. The Language was unfortunate, I grant, but the action was taken and now is the opportunity to talk.

Quite how, if agreement isn’t reached, the UK government will legally liquidate the frozen assets I’m not sure. We’ll cross that bridge when we come to it.

Sad thing is that Kaupthing was the only bank that actually had heeded the warnings and had been preparing itself for years (or so my brother-in-law, who was pretty high up in Kaupthing Edge assures me). It might have been in trouble, yes, but which bank in the world now is in no trouble. What kind of civilized country does, when one bank goes down, size another one and drown it, by expecting it to come up with all the money it owns in 10 days? And this bank was partly even covered by British government insurance, not Icelandic, just like loads of other banks in Britain.

My parents lost about 35.000 pounds sterling, which they had invested in Kaupthing stock, their life savings basically, (fortunately they have a bit of money in other places), they aren’t investors-by-trade or anything, just normal people, a music teacher and an electrician who have always lived sparingly. This money they won’t get back, thanks to Mr Brown and company. That doesn’t mean that I’m not sorry about the people MAYBE losing their money on IceSave, because I am. Just maybe you people should wait for a little bit, before lashing out, there is a definite possibility that you will get most or all your money back. Does it do a world of harm, waiting for a week or two to see if the matters will be sorted out, as our government is trying to do?

I’m basically rambling here, sorry, but our knot-in-the-stomach just grows bigger with all the acerbity, I hate being on bad terms with the Brits, and though I definitely realize our banks were foolhardy and their owners totally greedy, I’m very hurt by this treatment and, it seems, deliberate misunderstanding by the British government.

However it does seem like people in Iceland still haven’t realized quite what a corrupt country it had become over the last few years. Did people really believe that you can magic money out thin air?

It seems that there are a handful of Icelanders who have been personally responsible for the problems you now face. I just hope they are brought to justice.

Take a look at this for instance:
http://uk.youtube.com/watch?v=GSZqqnSdw44

like i said “read between the lines”…. PM Haarde can not come out and say that “yes, we will just sell all assets tomorrow and you will get yer money back”, because all interested parties would wait a few days longer for the water to rise and the prices to sink…. The PM did, on several occasions say that Iceland would honour its obligations. (btw, under any bank scheme, that is only the first £16000, even in the UK of 2 weeks ago). During the unfolding of this Greek tragedy in 3 parts the Icelandic government asked for help from its allies (as far as 3 weeks ago) and even publicly stated at a press conference that the help of the British (and Dutch) government would be greatly appreciated. i.e Please give us some breathing space to sort this mess out. But what does Gordon do? He puts some terrorist laws into effect and starts screaming that he is going to sue Iceland? Rather than communicating through diplomatic channels with the Icelandic government to offer his help and support, Gordy does an interview with the BBC on a train with his sleaves rolled up and shows the British voters how tough HE is! Lets be honest, if this had been a German, French or American bank we would not have seen the same actions from the British government. the British government would have been all to willing to come up with a credit line to tie the bank over. The end result will be that indeed the Icelandic government may have to forfeit on its obligation and not out of bad will, but because your prime minister cared more about his own reputation than about English savers!