Tuesday, 7 October 2008

The Credit Crunch Bites

The credit crunch got a whole lot more personal today when my friend Blue Eyes forwarded me this link saying the Icesave has prevented customers taking money out of their accounts.

I'm confident I'll get my money back, but it is no doubt going to be a real hassle. NS&I and Northern Rock here I come........


  1. Apparently it all depends on whether Landesbanki is declared insolvent or not. As soon as it does the protection scheme kicks in.

  2. I think I'll be learning a bit more than I ever really wanted to know about the Icelandic banking crisis......