[Tiger Woods?]

http://forums.moneys....html?t=1200773

Sigh. Who ever said sheep weren't dangerous.

Edited to add:
Apparently on Icesave's website just before it went down:

You are now entering the Icesave log in area.
We have been experiencing intermittent faults with our website over the last 12 hours. These were intermittent faults randomly affecting different groups of customers at random intervals. Our IT team has now resolved the issue.
We apologise for any inconvenience these faults may have caused.

Yeah, right!

This post has been edited by D'oh: 07 October 2008 - 01:03 PM

[FortuneFTB]

I wonder how many people are regretting Martin Lewis advice to plough savings into Icesave... Not more than a few months ago Lewis was suggesting people get an unsecured loan to scrape together a deposit for a mortgage. Sheer Genius

Advice on par with...

"Trixie, stop worrying; there are a lot of irresponsible people spouting anti-Icesave propaganda at the moment, the media love to do this; even when there is no truth in what the report!

Like many others here I have substantial savings in Icesave (above the guaranteed amount) and I have no intention of moving the cash away from them."

Oh yeah ? Hows that working for you ?

This post has been edited by FortuneFTB: 07 October 2008 - 01:07 PM

[boredwithforum]

meant to be a moneysaving site

starting to cost people money now

to many do-gooders in denial about house prices

could turn into a dangerous place to enter

[FortuneFTB]

spark1, on Oct 7 2008, 02:09 PM, said:

meant to be a moneysaving site

starting to cost people money now

to many do-gooders in denial about house prices

could turn into a dangerous place to enter

Stop scaremongering, Icesave is as safe as houses...


La La La I'm not listening**

[DementedTuna]

Ugh, that thread is a prime example of the entire MSE community.

First of all, a post saying "Hi, I heard Icesave went bust, and my parents cash is in there. Is this true"

Sheeple: "Stop spreading rumours, you'll start a bank run, BBC are biased reporting, far too bearish."

Then, loads of people saying it'll all be okay, followed by much huggles and "my thoughts are with all our ICEsavers at the moment <3 <3 <3 [insert 50 extra smilies here]" comments.

The one person who pointed out that putting your entire savings into a single bank was a really bad idea got shot down by a dozen people for "not being being very nice".

[JohnnyB]

Martin Lewis just likes the sound of his own voice. His good advice is hardly groundbreaking, and is sometimes plain dangerous.

[boredwithforum]

To many lightweights mixing it on there

[CviewUK]

Quote

got shot down by a dozen people

Who are were employed by Icelandic Banks to ramp their products.

[chichi]

spark1, on Oct 7 2008, 02:09 PM, said:

meant to be a moneysaving site

starting to cost people money now

to many do-gooders in denial about house prices

could turn into a dangerous place to enter

You don't think his articles encouraging people to sttoze cash and be card tarts has resulted in a large number of people being unable to resist the temptation to spend all that 'free' cash?

[Tonkers]

JohnnyB, on Oct 7 2008, 02:22 PM, said:

Martin Lewis just likes the sound of his own voice. His good advice is hardly groundbreaking, and is sometimes plain dangerous.

Very much so, particularly stoozing.

edit: stoozing

This post has been edited by Tonkers: 07 October 2008 - 01:27 PM

[FortuneFTB]

chichi, on Oct 7 2008, 02:26 PM, said:

You don't think his articles encouraging people to sttoze cash and be card tarts has resulted in a large number of people being unable to resist the temptation to spend all that 'free' cash?

Yup, I bet theres lots of stoozing cards getting ramped up with debt now folks are getting laid off.

Balance transfers to try to get out of debt are a mugs game too, if you owe 10K on a card that suggests you have no discipline, how on earth is opening another card and the temptation that brings a good idea ?

Also the copious use of the term "Loopholes" to describe promotions or T&Cs drives me loopy.

Everyone I speak to thinks Lewis is a financial genius though so I'm unable to sufficiently vent... Can we turn this thread into a ML bashing thread please ?

[thombleached]

DementedTuna, on Oct 7 2008, 02:21 PM, said:

Then, loads of people saying it'll all be okay, followed by much huggles and "my thoughts are with all our ICEsavers at the moment <3 <3 <3 [insert 50 extra smilies here]" comments.

I used to see quite a few posts on there along the lines of.....
"My 3-year mortgage (on 110%) is coming to an end, I've got 2 outstanding finance plans on two brand new cars, and I think my husband's screwing the cleaner"

"Oh never mind big *hugz* xoxo I'm sure things will get better"
etc
etc

Got to love that place

[pikestones]

If martin lewis et al hadnt promoted the icelandic banks so heavily ,all the sheeple would never of heard of them and wouldnt be having all the current worries and need for hugggggs.

Was he getting a referral fee for every one he sent to the Icelandic banks,reading the "how is this site funded" certainly gives that impression?

[Reck B]

I'd never tire of smashing Martin Lewis in the face.

[Sour Mash]

Tonkers, on Oct 7 2008, 02:26 PM, said:

Very much so, particularly stoozing.

edit: stoozing

Stoozing can make a lot of sense. If stupid credit card companies are loaning money for free for up to 12 months, why not take advantage of their lunacy and skim a little of the credit froth off of the top of the cup?

If you do it right, it's a no-lose proposition.