Early Day Motion 63

On the 25th of May 2010, Mr Bob Russell copied his Early Day Motion 474 into this new session of Parliament..
 
 
  
As with EDM 474, it read;
 

That this House recognises the decision by the Financial Services Authority (FSA) to revoke Kaupthing Singer & Friedlander UK's (KSF UK) deposit-taking licence led to the ultimate collapse of Kaupthing Singer & Friedlander Isle of Man (KSFIOM); notes that the decision taken by KSFIOM's directors to transfer over 50 per cent. of assets to KSF UK, which was approved by the Financial Supervision Commission following extensive consultation with the FSA, contravenes both UK and European banking practice; further recognises that some 3,000 KSFIOM depositors with savings above the £50,000 compensation threshold, many of whom are British pensioners, are yet to be fully recompensed; further notes that British offshore depositors remit tax to the UK via income declaration or withholding tax and are therefore deserving of action by the Government; asks the Government to intervene directly and calls on the Isle of Man authorities to ensure all depositors receive full compensation, in line with UK depositors; further calls on the 10 life companies that mis-sold over 1,000 bondholders in KSFIOM, a product offering capital security, low risk and regular income potential, to re-evaluate their businesses and marketing practices and recompense policyholders accordingly; and requests that the Ministry of Justice further investigates whether the Isle of Man has the necessary skills, experience or processes in place to ensure effective self-regulation, as well as the conflicts of interest of those holding positions in the Isle of Man's political, judicial, regulatory bodies and financial services industry.

63 MP's signed EDM 464 - Approximately 10% of UK MP's.  This is an excellent demonstration that the UK Parliament is starting to recognise the dreadful actions of the Alistair Darling, Ian Pearson, Sarah McCarthy-Fry, Hector Sants and Baron Von Myners gang and their subsequent lies and coverup that mislead parliament and the British people.  That 10% of Parliament signed EDM 474 in only the last few months of that awful Government shows the level of support for this issue.  We urge people to contact their MP's and ask them to sign the EDM 63 to add their support to demonstrating the injustice that Alistair Darling did on the 9th of October 2008.  Two years on, people are STILL suffering badly and it is entirely due to the actions of the British Government on the 9th of October 2008.
 
 
The following MP's have shown they recognise the UK Government's culpability in the disaster on the 9th of October 2008.
 
Many thanks to these MP's but we urge fellow Brits to PLEASE PLEASE PLEASE contact their MP to sign up to this EDM.
 
THIS ISSUE HAS NOT JUST GONE AWAY!!  PEOPLE ARE STILL SUFFERING AT THE HANDS OF
ALISTAIR DARLING AND THE LIES/COVERUP OF THE CRIMINAL BROWN GOVERNMENT!!