I would support such an Ad because pressure must be applied on the Guernsey Governmen/FSA not hide behind some proposed future legislation to compensate investors but to act now to reassure other Banks customers that their money is safe in Guernsey, by compensating us they would send a clear message to all Guernsey Investors present and future so they must be our ultimate target for action/pressure right now.

I have just created a website called

www.iwantmymoneylandsbanki.com

and have also created an email account

iwantmymoneyback2008 AT hotmail.co.uk

The website will hopefully be live this afternoon. The idea is to create a mailing list to be able to send to the appropriate authorities. Any suggestions are welcome.

I would also support an advert. The authorities in Guernsey must be made aware of the effect on their economy that a mass exodus of funds would have.

If there is no money available within the company then the authorities should stump up the rest, obtaining a loan from the UK if necessary. This could be repaid by an annual levy put on all financial companies trading on the island.

Hi Paul, I am a Jersey resident who has savings with the Guernsey bank. My email address will be given out on local radio this afternoon for any Jersey people to contact me, as I am going to set up an action group.

I am a very determained kind of guy and I will not let this lie till we get a decent outcome.

Good stuff. I would suggest we use it to get email addresses from as many depositors as possible and use the front page to show an open letter to the Guernsey authorities setting out our position (I'm quite busy today, but could have a go at a first draft). Let's also not forget that the administrator acts for us, the creditors. If we can get enough of us together and if we don't like what Delliotte & Touche is doing, we can have them replaced, we are paying their fee after all.

Fantastic, great idea.

I would suggest mentioning Guernsey in the title to be more specific.

I think we all need clarity from the administrator as to the likelihood of recovery of deposits.

I heard ING were looking at buying Icesave deposits - surely there should also be a buyer for what are stable, typically high value deposits in LG. This surely is one of the best assets that Landsbanki has and so you would have thought would be able to find a buyer.

I think we also need some clarity regarding Landsbanki's undertaking of LG and where this puts LG depositors in the creditor hierachy.

i am based in switzerland and also invested in L Guernsey in good faith and assumed they were rock solid I will also do all I can to help

I am based in the UK, would support an advertisment, and would be interested in signing up to an action group.

Great to see a community forming here.

Update from the administrator here http://www.landsbanki.co.gg/

Good morning Beanbetter, I am a Jersey resident caught in this mess. Feel free to contact me, maybe we can meet up for a chat.

Peter W

My wife and I have also been deeply effected by this fiasco, we joined the Cheshire Guernsey probably as far back as 20 years ago, in 2006 we received a letter (copy of which I still have) telling us that they Landsbanki had taken over from Cheshire, but there would be no major changes envisaged and that deposits would be guaranteed by the Iceland parent. There website was as early as this monday stating that they were solvent and had adequate liquidity and also advertising their 1 years bond at 7.02.

As the alarm bells were starting to ring we called them and asked them if we could draw down or 45 day account, to be told NO you must request them to place the account on notice, needless to say, we all know what happened on the Tuesday morning.

I have taken this up with the Guernsey Financial Commission and amongst other things asked them why they were not policing this situation vis-a-vis their checking that they would ensure that Iceland had the funds to comply with this guarantee, there reply was quite negative and negated responsibility and lamely directed me to the Administrater.

My wife and I's pension pot is with them totalling over £700,000. we are now over pension age and do not know what will become of us if we get no relief.

Springbok

Letter we are sending to every British newspaper:

Dear Sirs

We are one of the many UK depositors with Landsbanki Guernsey which has gone into administration.

Since Tuesday 7 October we have had no information from the administrators, although we are hearing many reports in the media about Landsbanki we seem to be the only investors who are not covered by any compensation from anywhere.

We all have paperwork which states that Landsbanki Islands.hf, the parent company, would discharge the liabilities of Landsbanki Guernsey. Surely this statement shouldn’t have been allowed by the British Government if was untrue and should have been picked up on by regulators.

Here is the actual wording on their paperwork:

Landsbanki Guernsey Ltd is a wholly owned subsidiary of Landsbanki Islands hf. Deposits made with Landsbanki Guernsey Ltd are not covered by the Financial Services Compensation Scheme, established under the UK financial services and markets act 2000. Landsbanki Islands hf has given an undertaking to discharge those liabilities of Landsbanki Guernsey Ltd which Landsbanki Guernsey Ltd is unable to discharge from its own assets, while it remains a Landsbanki subsidiary.

Other subsidiaries of Landsbanki have been guaranteed by the UK Government that depositors funds will be covered, but we have had no such guarantee.

Does this mean we will be the only UK people who will actually not receive any of our money back?

We would be very grateful for any help the Sun can provide, as many of the UK savers have their life savings invested and will lose everything.

Hi,

I too like may others in this tread had the majority of my life savingings deposited a near 6 figure sum and am horrified that we have absolutely no protection. I will be signing up to the www.iwantmymoneylandsbanki.com website as soon as its live and will participate in any action groups and help as much as possible to recover our savings.

Matthew.

Hello everyone. Thank you to all those who are planning and taking action. I too have a six figure sum at Landsbanki on a three year fixed term deposit so I really do NOT want to lose my money!

I would support the formation of a pressure group and will try the website listed earlier. I will also phone the G. F.S and register my concern.

we all need to pull together as I feel the Icelanders have decided to retreat into their shell and stuff everybody else. we can't let that happen as it will be dreadful for us, but is also in the long term not good for Iceland and its reputation around the world.

Good luck in all your endeavours

Dave

Based in Thailand

Hi...My 1st post, and I am also another one with 100grand in this bank! In fact its my parents life savings, and describing how I feel this week is impossible. Its been extremely traumatic.

Some information... Yesterday I emailed Victoria Derbyshire on 5-Live, and they contacted me and I told them live on air what was happening to Landsbanki Guernsey. They are very sympathetic with our plight, and I have had another email from the BBC this morning. They wish to follow up this story and find out if there is a way round our situation. In the meantime I will supply them with facts as I get them. As soon as anyone has anything concrete, please post it here and I will forward it to my contact at 5-Live. Thank you.