‘We didn’t back a horse – we put our cash in a bank’
Saturday 11th October 2008, 9:33AM BST.
A SUBSTANTIAL repayment is not enough – Landsbanki Guernsey customers are demanding all their money back.
The stricken bank’s administrator has confirmed it has ‘significant liquid assets’ and Chief Minister Lyndon Trott said, before boarding a plane to China to try and promote Guernsey in the Far East, that he expected substantial recoveries to be passed to customers.
But those pledges did not satisfy many depositors, who said anything other than 100% of their money returned would not be good enough.
As one customer put it: ‘We did not gamble on a horse, we put our money in a bank. Substantial amounts do not cut it. Anything less than 100% would be a severe travesty of justice.’
Jersey announced yesterday that it would officially act to represent its residents, who it was estimated, had as much as £15m. in Landsbanki Guernsey.
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Its nice to see the press trying to help depositors. I have just retired and only 2 months ago put a substantial amount in Landsbanki Guernsey. Being told ‘yes its safe, only put the recomended amounts per couple,’ and so on. Now we are in danger of having to sell our house, after having worked hard for 45 years, never been unemployed, saved all our lives, AND paid UK taxes. Being expats we have no option but to deposit our hard earned sterling in an offshore account.
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Nice to see the Chief Minister staying around to manage the crisis that is unfolding in Guernsey.
Why the hell is he going to the far east except for a taxpayers subsidised holiday. Guernsey can’t even attract visitors from Europe, so now they are trying to get people from the far east to visit. Most of them won’t know / won’t care where Guernsey is.
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