87-year-old British widow lost almost her entire £600,000 life savings - GoFuckYourself.com

xmas13 · 10-12-2008, 06:15 AM

http://www.dailymail.co.uk/news/arti...hore-trap.html

An 87-year-old widow has lost almost her entire £600,000 life savings because of the Icelandic banking crash.

Ruth Burridge worked seven days a week for more than 20 years running a seaside pub to put aside the cash in a Derbyshire Building Society offshore deposit account.

But now her nest-egg will virtually disappear because the Derbyshire?s offshore accounts were taken over last November by Kaupthing, the Icelandic bank that collapsed last week.

Thousands more British investors with offshore accounts could face huge losses, too.

Neither Jersey nor Guernsey has protection schemes for UK citizens.

Under the depositors? scheme run by the Isle of Man Financial Services Commission, investors in the accounts run by Kaupthing have a maximum protection of £50,000 each.

Mrs Burridge will now be forced to sell her idyllic £500,000 home in the village of Fishbourne, near Chichester, West Sussex, and is likely to spend the rest of her days in a care home.

http://www.dailymail.co.uk/news/arti...ers-brink.html

'The devils are enjoying their last days in Hell' - the billionaire, his blonde wife and friends who helped bring Iceland to the brink.

They giggle and drink bottle after bottle of expensive wine, blithely unconcerned by the turmoil around them.

This was Icelandic billionaire Jon Asgeir Johannesson, dressed casually in black, legs outstretched, and his merry court at 1am yesterday, holed up in a chic hotel in the capital Reykjavik.

His failed bank Glitnir, of which he is the majority shareholder, owes millions of pounds to British investors, including companies, town halls, police authorities and charities.

The Duck · 10-12-2008, 06:19 AM

She was just stacking the cash anyway, 87 years old and tons of cash in the bank. Hello? wake up and smell the roses.

xmas13 · 10-12-2008, 06:26 AM

Quote:

Originally Posted by kandah

She was just stacking the cash anyway, 87 years old and tons of cash in the bank. Hello? wake up and smell the roses.

No deposit = no loan.

spacedog · 10-12-2008, 06:38 AM

That money may have disappeared for her, but bet your fucking ass that money is in someone elses pocket now.

bobby666 · 10-12-2008, 06:40 AM

life hurts.....sometimes

rowan · 10-12-2008, 06:45 AM

You have a choice

Your life savings in a single bank paying an exceptionally high interest rate, let's say 10%

or

A quarter of your life savings in that bank at 10%, and the other three quarters in three other banks paying a few percent less.

risk:reward. I bet a lot of people choose the first.

Antonio · 10-12-2008, 07:08 AM

how did the old bitch made all that cash? probably watering down the fucking drinks

Vendot · 10-12-2008, 07:21 AM

Quote:

Originally Posted by Antonio

how did the old bitch made all that cash? probably watering down the fucking drinks

Compound interest.

If you understand the basic principle, you too can get rich.

notime · 10-12-2008, 07:29 AM

just sad to see an 87 year old women loose al she has
really really sad

Ethersync · 10-12-2008, 07:30 AM

Quote:

Originally Posted by Vendot

Compound interest.

If you understand the basic principle, you too can get rich.

Yeah, do what she did and get rich at 87. Yay. I was rich by 30 and have never owned a CD in my life

Manowar · 10-12-2008, 07:52 AM

Feel bad for her, but why keep it offshore if she was saving so much in one account?

StuartD · 10-12-2008, 07:56 AM

Quote:

Originally Posted by Ethersync

Yeah, do what she did and get rich at 87. Yay. I was rich by 30 and have never owned a CD in my life

And bragging about it on GFY...
She wins.

seeandsee · 10-12-2008, 08:25 AM

OMG it's better to get big home trezor

L-Pink · 10-12-2008, 08:42 AM

Quote:

Originally Posted by kandah

She was just stacking the cash anyway, 87 years old and tons of cash in the bank. Hello? wake up and smell the roses.

Actually a bank is exactly where someone 87 years old should have most of their money. Just make sure it's insured.

.

pigman · 10-12-2008, 09:01 AM

87 year old, she doesnt even need money.
And the reason she had the money offshore was to avoid taxes, so fuck her! =)

chemicaleyes · 10-12-2008, 12:57 PM

Quote:

Originally Posted by pigman

87 year old, she doesnt even need money.
And the reason she had the money offshore was to avoid taxes, so fuck her! =)

jealousy

Doctor Dre · 10-12-2008, 01:03 PM

Putting all your eggs in one basket is stupid, especially if it isn't insured.

mn · 10-12-2008, 01:13 PM

How's the prices in iceland now? Is everything much cheaper or is the inflation keeping the prices at the same level? and is euro accepted in stores and restaurants?

Ethersync · 10-12-2008, 01:18 PM

Quote:

Originally Posted by pigman

87 year old, she doesnt even need money.
And the reason she had the money offshore was to avoid taxes, so fuck her! =)

I'm sure she paid much more than her fair share of taxes in her life...

DixieDash · 10-12-2008, 01:34 PM

That's sad

RayBonga · 10-12-2008, 01:38 PM

Sad, I feel bad for her. If you loose all you have at 20/30/40 you still have time to make it again, at 87 it's to late...

buzzy · 10-12-2008, 02:44 PM

Quote:

Originally Posted by RayBonga

Sad, I feel bad for her. If you loose all you have at 20/30/40 you still have time to make it again, at 87 it's to late...

I did but then i thought, these people are only putting their money in icelandic banks because of the high interests rates (GREED), so if you gamble to get more on the principle of greed then it is only your own fault if you lose your money.

But if it was a British bank she lost her money in it would be a different story.

VicD · 10-12-2008, 04:47 PM

Don't put all your eggs in one basket...

Manowar · 10-12-2008, 04:54 PM

Quote:

Originally Posted by pigman

87 year old, she doesnt even need money.
And the reason she had the money offshore was to avoid taxes, so fuck her! =)

brutality!

EscortBiz · 10-12-2008, 04:54 PM

well at least shes not in jail like that 87 year old is in florida

xmas13 · 10-12-2008, 09:31 PM

Very original comments.

"Greed", "Don't put eggs in one basket", "She is 87, fuck her", "She must be a tax cheat".

Yeah the lady got raped and that is her fault because she was dressed too sexy.

This board deserves its name. The Go Fuck Yourself community.

brandonstills · 10-12-2008, 11:48 PM

Makes Robert Kiyosaki even more relevant. People really need to understand what he teaches.

Paul Markham · 10-12-2008, 11:54 PM

Quote:

Originally Posted by xmas13

Very original comments.

"Greed", "Don't put eggs in one basket", "She is 87, fuck her", "She must be a tax cheat".

Yeah the lady got raped and that is her fault because she was dressed too sexy.

This board deserves its name. The Go Fuck Yourself community.

Exactly what I was thinking. The fuckers who created this mess are sitting pretty and sipping wine, the victims are left penniless. Just heard that one of the top executives at Royal Bank of Scotland, another badly run failed bank, will retire on over a $1,000,000 yearly pension. I wish I could earn that by fucking people up the ass.

AlienQ - BANNED FOR LIFE · 10-13-2008, 12:18 AM

Well she can always take that 50,000 that is insured and hire a hitman to kill the banker.

Thats what I would do if I were 80 something.

cheekycherry · 10-13-2008, 12:39 AM

I just lost £35,000 to Kaupthing Edge (Iceland based bank).

Tried to withdraw it last week, it never came out the account but the account shows ZERO.

I'm hoping to get it back.

tranza · 10-13-2008, 06:04 AM

That sucks!!!

J. Falcon · 10-13-2008, 06:09 AM

Totally fucked up.

Sarah_Jayne · 10-13-2008, 06:12 AM

What stinks is that she trusted a small local business (in comparison to the massive banks) and didn't know she had to track what huge international would eventually take her money.

Fletch XXX · 10-13-2008, 06:48 AM

arm yourself, the mccainiacs are going to ride up after the election.

Matt_WildCash · 10-13-2008, 09:18 AM

I just don't understand people who work there entire lives to build up a thier retirement money of $100,000's and they put it into Building societies that are historicly prone to going bankrupt and losing your funds. They will pay you an extra 2-5 percentage points more a year than the banks and people are just ignorant of the extra risk involved I guess.

Sad story, I bet that is one of 10,000's or 100,000's hurt from this crises.

Matt

Violetta · 10-13-2008, 10:39 AM

poor lady!

10-12-2008, 06:15 AM	#1
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	87-year-old British widow lost almost her entire £600,000 life savings http://www.dailymail.co.uk/news/arti...hore-trap.html An 87-year-old widow has lost almost her entire £600,000 life savings because of the Icelandic banking crash. Ruth Burridge worked seven days a week for more than 20 years running a seaside pub to put aside the cash in a Derbyshire Building Society offshore deposit account. But now her nest-egg will virtually disappear because the Derbyshire?s offshore accounts were taken over last November by Kaupthing, the Icelandic bank that collapsed last week. Thousands more British investors with offshore accounts could face huge losses, too. Neither Jersey nor Guernsey has protection schemes for UK citizens. Under the depositors? scheme run by the Isle of Man Financial Services Commission, investors in the accounts run by Kaupthing have a maximum protection of £50,000 each. Mrs Burridge will now be forced to sell her idyllic £500,000 home in the village of Fishbourne, near Chichester, West Sussex, and is likely to spend the rest of her days in a care home. http://www.dailymail.co.uk/news/arti...ers-brink.html 'The devils are enjoying their last days in Hell' - the billionaire, his blonde wife and friends who helped bring Iceland to the brink. They giggle and drink bottle after bottle of expensive wine, blithely unconcerned by the turmoil around them. This was Icelandic billionaire Jon Asgeir Johannesson, dressed casually in black, legs outstretched, and his merry court at 1am yesterday, holed up in a chic hotel in the capital Reykjavik. His failed bank Glitnir, of which he is the majority shareholder, owes millions of pounds to British investors, including companies, town halls, police authorities and charities. __________________ ICQ 557504926

10-12-2008, 06:19 AM	#2
The Duck Adult Content Provider Industry Role: Join Date: May 2005 Location: Europe Posts: 18,243	She was just stacking the cash anyway, 87 years old and tons of cash in the bank. Hello? wake up and smell the roses. __________________ Skype Horusmaia ICQ 41555245 Email [email protected]

10-12-2008, 06:40 AM	#5
bobby666 boots are my religion Join Date: Nov 2005 Location: Heart of europe Posts: 21,765	life hurts.....sometimes __________________

10-12-2008, 08:25 AM	#13
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	OMG it's better to get big home trezor __________________ BUY MY SIG - 50$/Year Contact here

10-12-2008, 01:34 PM	#20
DixieDash Confirmed User Join Date: May 2008 Posts: 339	That's sad __________________ http://www.StickyBoxBucks.com

10-12-2008, 06:38 AM	#4
spacedog Yes that IS me. Bitch. Industry Role: Join Date: Nov 2001 Posts: 14,149	That money may have disappeared for her, but bet your fucking ass that money is in someone elses pocket now.

10-12-2008, 06:45 AM	#6
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	You have a choice Your life savings in a single bank paying an exceptionally high interest rate, let's say 10% or A quarter of your life savings in that bank at 10%, and the other three quarters in three other banks paying a few percent less. risk:reward. I bet a lot of people choose the first.

10-12-2008, 07:08 AM	#7
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	how did the old bitch made all that cash? probably watering down the fucking drinks

10-12-2008, 07:29 AM	#9
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,019	just sad to see an 87 year old women loose al she has really really sad

10-12-2008, 07:52 AM	#11
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	Feel bad for her, but why keep it offshore if she was saving so much in one account?

10-12-2008, 09:01 AM	#15
pigman Confirmed User Join Date: Aug 2006 Posts: 760	87 year old, she doesnt even need money. And the reason she had the money offshore was to avoid taxes, so fuck her! =)

10-12-2008, 01:13 PM	#18
mn Confirmed User Join Date: Oct 2001 Posts: 1,505	How's the prices in iceland now? Is everything much cheaper or is the inflation keeping the prices at the same level? and is euro accepted in stores and restaurants?

10-12-2008, 01:38 PM	#21
RayBonga too cool for highschool Join Date: Nov 2005 Location: East side, West side, Worldwide! Posts: 12,164	Sad, I feel bad for her. If you loose all you have at 20/30/40 you still have time to make it again, at 87 it's to late...

10-12-2008, 04:47 PM	#23
VicD ICQ: 304-611-162 Join Date: Feb 2005 Location: Masterdam Posts: 13,245	Don't put all your eggs in one basket...

10-12-2008, 04:54 PM	#25
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	well at least shes not in jail like that 87 year old is in florida __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

10-12-2008, 09:31 PM	#26
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	Very original comments. "Greed", "Don't put eggs in one basket", "She is 87, fuck her", "She must be a tax cheat". Yeah the lady got raped and that is her fault because she was dressed too sexy. This board deserves its name. The Go Fuck Yourself community. __________________ ICQ 557504926

10-12-2008, 11:48 PM	#27
brandonstills Confirmed User Join Date: Dec 2007 Location: Chatsworth, CA Posts: 1,964	Makes Robert Kiyosaki even more relevant. People really need to understand what he teaches. __________________ Brandon Stills Industry and programming veteran [email protected] \| skype: brandonstills \| ICQ #495-171-318

10-13-2008, 12:18 AM	#29
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Well she can always take that 50,000 that is insured and hire a hitman to kill the banker. Thats what I would do if I were 80 something. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

10-13-2008, 12:39 AM	#30
cheekycherry Confirmed User Join Date: Feb 2002 Location: N/A Posts: 1,703	I just lost £35,000 to Kaupthing Edge (Iceland based bank). Tried to withdraw it last week, it never came out the account but the account shows ZERO. I'm hoping to get it back.

10-13-2008, 06:04 AM	#31
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	That sucks!!! __________________ I'm just a newbie.

10-13-2008, 06:09 AM	#32
J. Falcon www.AdultCopywriters.com Industry Role: Join Date: May 2006 Posts: 31,564	Totally fucked up. __________________ Adult Copywriters SEO Content for Porn Sites sales at adultcopywriters dot com

10-13-2008, 06:12 AM	#33
Sarah_Jayne Now with more Jayne Industry Role: Join Date: Dec 2002 Location: Los Angeles Posts: 40,077	What stinks is that she trusted a small local business (in comparison to the massive banks) and didn't know she had to track what huge international would eventually take her money.

10-13-2008, 06:48 AM	#34
Fletch XXX GFY HALL OF FAME DAMMIT!!! Join Date: Jan 2002 Location: that 504 Posts: 60,840	arm yourself, the mccainiacs are going to ride up after the election. __________________ Want an Android App for your tube, membership, or free site? Need banners or promo material? Hit us up (ICQ Fletch: 148841377) or email me fletchxxx at gmail.com - recent work - About me

10-13-2008, 09:18 AM	#35
Matt_WildCash Confirmed User Join Date: Jan 2003 Posts: 1,699	I just don't understand people who work there entire lives to build up a thier retirement money of $100,000's and they put it into Building societies that are historicly prone to going bankrupt and losing your funds. They will pay you an extra 2-5 percentage points more a year than the banks and people are just ignorant of the extra risk involved I guess. Sad story, I bet that is one of 10,000's or 100,000's hurt from this crises. Matt __________________ Try the New XMovies.com and make more $$$ with your Traffic

10-13-2008, 10:39 AM	#36
Violetta Affiliate Join Date: Jul 2004 Posts: 28,735	poor lady! __________________ M&A Queen