Sunday, August 23, 2009

It's morally wrong to gain from the loss of others

Manx Radio reports HERE on a book being published on the Kaupthing fiasco by the former bank boss of Kaupthing hf (Iceland)

It is morally wrong for someone who was the architect of the collapse of a bank - and a major player in the financial crisis that subsequently hit Iceland - to gain from his gross incompetence that has wrecked the lives of millions of people. Rather than financially gain from his greed he should lose his liberty behind bars.

The KSFIoM depositors will not tolerate this travesty of injustice. They don't want compensation (which they are paying for anyway through the bank's liquidation) -- they want ALL their money back.

Until they do they will say with every justification what they are saying on Youtube: "DONT BANK ON THE ISLE OF MAN" as there are risks in doing so as the Chief of the FSC has rightly pointed out. He wants people contemplating depositing on the Isle of Man to satisfy themselves whether it is safe to do so. Kaupthing depositors are helping them to make an informed judgement based on their own experience a research.

It's all here on the site: including the links to 19 videos on saying: "DON'T BANK ON THE ISLE OF MAN"

1 comment:

  1. I found this blog through Twitter. Your blog speaks with moral integrity. I am closing my account on the Isle of Man.
    TR (Liverpool)