UK Used Anti-Terrorism Laws To Freeze Iceland’s Bank Assets

Published on June 6th, 2009

Based on this, is there anything that the government disapproves of that can’t be called terrorism?

The UK loaned Iceland £2.3bn last year to reimburse UK savers with Icesave, after the entire Icelandic banking system was nationalised.

The savings of 300,000 retail depositors who held accounts in Britain with Icesave were affected.

The incident sparked tensions between London and Reykjavik at the time.

Britain used anti-terrorism laws to freeze the assets of Icelandic banks, which had collapsed in the wake of financial crisis.

British savers with Icesave were refunded in full at the time by the UK Treasury.

13 users responded in " UK Used Anti-Terrorism Laws To Freeze Iceland’s Bank Assets "

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# 1 Ah_Yea said, on June 6th, 2009 at 6:39 pm

A proud day for Segway.

# 2 Zybch said, on June 6th, 2009 at 6:58 pm

OMG. Misuse of Anti Terror laws.
Who’d have ever seen it coming?

# 3 R.O.P. said, on June 6th, 2009 at 10:46 pm

In an isolated incident, a crazy guy walks into an Armed Forces recruiting center and kills and faces murder charges and 16 counts of terrorism. A crazy guy walks into a church and kills a church volunteer that happens to have been the victim of previous violence, as he and others in his career path have, and terrorism charges aren’t even thought about. Go figure.

# 4 Zybch said, on June 6th, 2009 at 11:31 pm

Bollocks its an isolated incident. And, even if it were, we’ll be seeing an awful lot more of them before too long thanks to the proposed EU law that legalizes cops to shoot to kill in many many ways (such as running away from them or having a mental illness).
Its tough shit if you get one of em’ mad and you happen to fall into one of the expanding categories that lets them shoot you with no questions asked, before OR after.

# 5 pedro said, on June 7th, 2009 at 12:11 am

They protected their citizens, didn’t they? Good for them.

# 6 WmDE said, on June 7th, 2009 at 7:06 am

The Special Wheels And Tactics Squad had grown tired of the laughter from the other cops. This time would be different. They were ready as they entered the Dunkin’ Donuts parking lot.

# 7 The Silver Frog said, on June 7th, 2009 at 8:06 am

Sometimes the stories on this blog are a couple of days old, which is OK. But this is 8 months old!!

From 15 0ctober 2008:
http://news.bbc.co.uk/2/hi/uk_news/magazine/7667920.stm

# 8 Greg Allen said, on June 7th, 2009 at 9:02 am

If America falls into fascism, I swear it will be this “anti-terrorism” laws that led the way.

… and the GOP convinced a fearful public that we needed to give up freedom for security.

# 9 pedro said, on June 7th, 2009 at 9:03 am

#7 It takes dull sundays to find those stories. That’s why is so old.

# 10 Greg Allen said, on June 7th, 2009 at 9:06 am

Great picture BTW.

Would the allied forces have fared better if we stormed Normandy on those goofy gizmos?

# 11 pedro said, on June 7th, 2009 at 10:42 am

#8 And the Dems just keep those laws just in case, right?

# 12 soundwash said, on June 7th, 2009 at 12:10 pm

i find it ironic that monster that was created to supposedly protect us will come back home to consume us.

-no later than the end of next year, if not the end of this one..

-s

# 13 Great American said, on June 8th, 2009 at 1:17 am

Fine but does this affect Peter Orszag?

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