Size5 makes a fairpoint in jest, as it reminds me of our one time supposedly clued up Chancellor of the Exchequer Gordon Brown selling off 395 tonnes of the UK's Gold reserves at $275 per ounce as today 10 years later, it creeps over the $1200 dollars per ounce mark. I think I would rather vote for Billy Connolly after all !
I remember the gold reserves being sold off. They couldn't have been at a much lower price could they?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
To be fair to the UK government they did sell off part of the UK Gold Bullion so to invest in markets to gain greater yields. No one could have forseen the price of the gold rush we have grown accustomed to. Why,there are even joe public out there now flogging their gold braclets for paper money for an UEFA game returns ticket. That's a No No.
What I find more amusing is the US FED Reserve Bank boss,Ben Bernarke,when he once said to Congrees in 200x - the US paper greenback dollar was as good as GOLD and backed by the United States of American.
Question is, who then backs the U.S on the currency of the money? No one! Not Gold.The tax payer with debt and 10% jobless? Now that numbs my mind.
Last edited by nomoremoney on Thu Nov 26, 2009 5:05 pm, edited 1 time in total.
Seems like a bit of misinformation from the media.
This will not stop you claiming unfair charges, you just have to amend your claim (Old Particulars of Claim to include regulation 5). If anything it will let the process start up again with all the back log of 2 years.
It seems the OFT messed up more than anything. They can still launch a new test case or even pressure from Government so we ar in line with other EU states in this front.
OFT can still look at the charges under UTCCR 1999
Down but not out
Not sure what happened but I am all paid up and finished...they even owe me money now ))
I was never going to claim mine as they would either go to the bank in the first place, or paid into my IVA, so I can't see the point.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
i must say the banks will win everytime to be honest and like you Kallis i can't be bothered trying to claim my back because of the hassle it would cause etc. My IVA has stopped a lot of those nuisance calls as well, because as soon as i say i'm in an IVA when they are trying to get me to claim for insurance that has mis-sold on a loan they soon go ha ha.
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.
IVA COMPLETED August 2012, received Completion certificate 18.4.13.
Never had any of those calls I'm pleased to say. The only things I have are the letters about being missold an IVA and I know to ignore those now.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Can't see them being successful though as the banks have much more money to fight these cases.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Its a lost cause! The rally is dead! The doom mongers are right. Its an illusion that the people can win banded together as some modern day Robin hood outfit. Big brother will let you get so far before they trip you up. Even the Banks didn't think they could win - been baled out again but by the law????? What next??
There is poetic justice though. Dubia mountain debt default is taking Banks down.Here we go again!!! More uncertainties
Can't say I am bothered about Dubai - not likely to be living there anytime soon!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Anybody thinking of trying to claim back Bank Charges ought to read this - would anybody be gullible enough to trust these claims management companies? They are as bad as all the companies flooding our letterboxes telling us that we've been missold an IVA and that they can just wave a magic wand to make our debts disappear - at a price of course!
I would not touch any company who said they could reclaim charges, write my debts off, etc., etc., with a ten foot barge pole.
Whilst I am not happy at having had to pay these charges, I wouldn't be wanting to claim them back. The bank would either reclaim them in total, or would the money would be swallowed up in the IVA, so what's the point?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
its not the banks its the superior law judges,they might have won this one but now we are a stronger europe you may well see fairer judgements for the people in the future,ofcourse time will tell but watch this space.
))
