Did depositers lose any money in iceland?would ireland be the same if IMF intervened?

[mtk]

hi guys
Does anybody what the end "result" was in iceland for retail domestic depositors with imf intervention etc. Have any domestic depositors lost out? Is the answer nothing ie no impact?
I was wondering if it might be guide as to what might happen if IMF intervention ever happedned here (although i dont expect it will)
thanks
mtk

 

[mtk]

Re: Did depositers lose any money in iceland?would ireland be the same if IMF interve

Eventuallly found this on the web so posting it for completness from april 09 hopefully its accurate ! it seems to say bank deposist were uneffected

[broken link removed]
Bjorn Malmquist: Well, we didn't lose money on our bank deposits but a lot of people lost money on their money market accounts and a lot of people lost money on their stocks. Because a lot of people had stocks in the banks, in the three banks that toppled last winter and all those stocks are now worthless. So a lot of people lost a lot of money

 

[Lightning]

Re: Did depositers lose any money in iceland?would ireland be the same if IMF interve

The UK govt only had to cover a certain amount of retail deposits in IceSave but they repaid all sums above what they were required to do.

Many corporate deposit holders lost big sums in IceSave.

 

[mtk]

Re: Did depositers lose any money in iceland?would ireland be the same if IMF interve

fungus thanks but
what i am inertested in was the domestic ( icelandic) depositors rather than overseas branches such as the uk