tag:blogger.com,1999:blog-7105372538600724233.post5209776065888709539..comments2023-09-12T12:43:35.717+01:00Comments on Kaupthing Isle of Man Bank in liquidation - blog: What happened to the £550million of KSFIOM assets?jim's bloghttp://www.blogger.com/profile/01194121320492050293noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7105372538600724233.post-75580527559960782522009-09-03T20:56:06.906+01:002009-09-03T20:56:06.906+01:00Thank you; technically you are right; however it w...Thank you; technically you are right; however it was a 'cart & horse' situation in that there was a run on KSFUK but Kaupthing hf was unable to keep its subsiduary from facing insolvency. <br />I am always happy to modify a post if it is not factually correct.jim's bloghttps://www.blogger.com/profile/01194121320492050293noreply@blogger.comtag:blogger.com,1999:blog-7105372538600724233.post-46717083177784986682009-09-03T11:39:28.353+01:002009-09-03T11:39:28.353+01:00>In October 2008 Kaupthing hf became insolvent ...>In October 2008 Kaupthing hf became insolvent and it was nationalised. KaupthingUK then went into administration.<br /><br />Incorrect. KSF was closed down by the FSA which then led to K.hf being unable to meet it's obligations. At that point it was effectively (but not actually) nationalised.Anonymousnoreply@blogger.com