info.LandsbankiAction.org.gg   30-Mar-2016: Liquidators' Update, see Deloitte site

I sold my flat, so that we'd have some money to fall back on!

I'm 54 and Disabled. Two years ago, after careful consideration, I sold my flat in Bristol, and deposited most of the money in Landsbanki Guernsey, (On the advice of a friend), so that my partner and I would have some money to fall back on, and do a bit of travelling, which we both love.  We rented a small flat in Kenilworth, Warwickshire, where I grew up. This doesn't give us any security, but a nicer environment in which to live.

On monday 6th October, after reading a news item on the internet, about a small bank in Iceland, going bankrupt, I phoned Landsbanki to enquire if I needed to be concerned about my money.  I was told that the bank had plenty of liquid assets and not to worry unduly. Two days later, still concerned, at the news I was hearing about Iceland, I phoned the bank and was told bluntly that the bank had gone into administration. 

I'm still in shock, and can't come to terms with whats happened. I don't gamble, I deliberately avoided putting any money in stocks and shares etc, as I felt the risks were too great.

I felt that my money, was safe....after all, if your moneys not safe in a Bank......where is it safe?

I feel like I've been mugged, and the perpetrators are getting away with it. I would have been better off putting my money in a box under the bed, no Interest maybe.....but at least I would have most of it left.

When I think of all things my partner and I denied ourselves, it makes me very angry.  I wish we had gone on a world tour, at least we'd have our memories.  At the moment, unless things change, our future looks very bleak, as I'm unable to work, and my partner can only work part time.  If you add into the equation, the rising cost of living, the picture is very gloomy, to say the least.  I read on a related site that some people are even considering suicide...........I pray that things don't get that bad for us, or indeed anybody thats suffered by this awfull mismanagement of our savings.  We should get together and protest en masse, to the GFSC.

Landsbanki Guernsey should not be allowed to get away with this, Terrible Moral Injustice.