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| Europe | |
| The Pots and Pans revolution in Iceland | |
| 2013-12-08 | |
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| Posted by:Steve White |
| #5 Cookie reset |
| Posted by: Ackoopmed 2013-12-08 10:01 |
| #4 I seem to recall that the Icelandic government was heavily invested in subprime loan derivatives. When things tanked, they went broke. I had not heard of anything in the media since. |
| Posted by: JohnQC 2013-12-08 09:18 |
| #3 During the run up to the economic crash, there were guys off fishing boats who decided they were hedge fund genuises. It was largely driven by Iceland and Ireland's tax laws, and people like Lehman Bros helping these twits set up shop as money managers (so they could charge tranaction fees). When the bottom fell out, it was of course not their fault(sarc off) and they went back to fishing. This literally happened. |
| Posted by: ed in texas 2013-12-08 08:36 |
| #2 What happened was the Icelandic people were more than happy to stiff foreign depositors for billions when things went bad. The UK and Holland objected and played hard ball to get the money back for their mostly mom and pop depositors. Hence the protests. So much for socialist solidarity. Wikipedia link |
| Posted by: phil_b 2013-12-08 07:16 |
| #1 Old news made made re-clickable by bitching about the US banking system. Very hard core nut left. |
| Posted by: Shipman 2013-12-08 02:11 |