Online Forums Come To The Rescue In Credit Crunch
Tuesday, October 14th, 2008 by Mark Hanson 
“I have my life savings in Landsbanki Guernsey - a 5 year bond. Have I and all other savers lost everything? Is there any action we can take or are advised to take?”
This was the plea from an angry saver who had lost money in the recent debacle over the collapse of Icelandic banking system. After being given the brush off by the authorities in Guernsey he turned to the forum on Moneysupermarket to see if anyone else was in the same boat. Luckily there were hundreds of people on the site who were. You’ll see from the posting that there were hundreds of posts in the conversation started last week.
As a result they have formed an action group and are organising a mass petition. Technology is taking us back to the good old days when communities rallied round and helped each other. The web makes it easier for us to find people with similar interests or concerns, or people who have expertise that we might need. There’ll be plenty more folks who will need their community in the months to come.




