Savings on ice

I've just realised the full weight of the tax-haven and the laws in the semi-British bailiwicks which surround this verdant fortress of rectitude. The Isle of Man, Guernsey and Jersey (home of the cow) do not have the same banking laws as the rest of the country. Thus, offshore banks can set up shop and if things go tits-up, as they did, the savings of British people are not protected. This allowed some of the Icelandic banks to 'take' the savings of families, organisations, municipal governments, etc.
It is fitting for a government that presents itself [or at least did until recently if the law has changed] as 'the City', where rich Germans could hide their money from their own government. So, tax-haven Britain has no moral leg to stand on in this case. Iceland is not a tax haven, as far as I can tell. How can the UK petition the government of Iceland for those deposits when their whole country is bankrupt, and when their banks did nothing illegal? They just lost all of their deposits because they followed the laws of international banking, i.e. grab the lucre and run. Britain cannot complain about that either, for obvious reasons of authorship. If Iceland pays up on behalf of its '25 crazy bankers' then it will be branded as a haven for stupid politicians. The IMF will instantly set up a torture chamber there
-Costick67 ( 8^P