Sunday, March 2, 2008

Iceland is a giant hedge fund…about to report losses

Iceland seeks to curb its banks

Iceland realises it is finished possibly.

Posted by lvmreader @ 09:59 PM (869 views)
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6 thoughts on “Iceland is a giant hedge fund…about to report losses

  • Landsbanki said it was “neither necessary, nor likely” for it to tap the credit markets in the near term

    ICESAVE no problem then.

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  • little professor says:

    Oh Noes! I just transferred ten grand into Kaupthing :O

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  • tyrellcorporation says:

    I moved £30k out of Icesave last month and have stuck it in a big UK bank until things calm down. My Icesave account now has a tenner in it. My reckoning is that sure the accounts are supposedly safe but will the government so readily bail out/back up a foreign bank?

    Northern Rock was only bailed out because it was in the Labour heartlands (just like Rover) – I’m sure they won’t give a stuff about a giant hedge fund bank on a volcanic rock in the North Atlantic.

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  • The ICESAVE a/c is exclusively handled and administered in the UK by Newcastle Building Society – the entire second floor of NBS HQ is dedicated to ICESAVE ! (not a lot of people know this) – so dont rule out a Crash G & Captain D bail out

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  • japanese uncle says:

    Newcastle BS is busy wearing many hats including BMW.

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  • didn’t think it was possible to have a tenner in it (ICESAVE). It wouldn’t let my balance drop below £1k unless I closed the account.

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