Anyone here still banking with an Icelandic bank?

[Cyberman]

HMG are covering the first 50K for savers as announced last week. Why would they feel that they should cover 100% for an Icelandic Bank?

Darling has lied in the past, and I think he is up to it again for PR purposes (ie a political statement similar to Merkel, with no substance).

[rootsnall]

So that's another £4 billion the govt.will have to cough up.
At what point does the UK government go bust?

Feb 09 would be my guess !?

[BrilloPad]

So that's another £4 billion the govt.will have to cough up.
At what point does the UK government go bust?

Can they print money? Borrow it from the Chinese?

[Bagpuss]

So that's another £4 billion the govt.will have to cough up.
At what point does the UK government go bust?

Sooner if there is no confidence to place deposits in banks

[BrilloPad]

Sooner if there is no confidence to place deposits in banks

So what will people do with the money if not in the banks? National savings? Gold? Under mattress?

[ASB]

Does seem to be over 50k. Telegraph have this now:-

http://www.telegraph.co.uk/finance/p...ve-savers.html

[Cyberman]

Looks good enough to me if Darling did actually utter those words !

Bumfluff old boy looks like you've got out of jail

It looks like some of the 'Cabinet' had their money in Iceland. Oh, I am such a cynic !!

[Cyberman]

So what will people do with the money if not in the banks? National savings? Gold? Under mattress?

Put it in housing...... where I left it !!!!

[ASB]

It looks like some of the 'Cabinet' had their money in Iceland. Oh, I am such a cynic !!

realist

[Bumfluff]

I'm going to wait till the full statement at lunch time before I believe it, but its looking quite good .