Article

2010-01-06 Economy

Iceland Refuses To Gouge Taxpayers To Bail Out Banks; UK anger

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Posted by Anonymoose 2010-01-06 00:00|| || Front Page|| [1 views ] Top

#1 I don't know, Moose. That's not a bug; it's a feature.

Posted by Eric Jablow 2010-01-06 00:23|| 2010-01-06 00:23|| Front Page Top

#2 Was there such an agreement? I didn't follow this closely at the time but did the British and Dutch give money to "savers" without Iceland asking for that aid? And did they then expect Iceland to reimburse them?

Posted by tipover 2010-01-06 02:42|| 2010-01-06 02:42|| Front Page Top

#3 If the UK had a referendum we'd not bail out foreign banks either.

This isn't wholly unpopular in the UK people (as opposed to the Government/MSM complex).

Posted by Bright Pebbles 2010-01-06 05:45|| 2010-01-06 05:45|| Front Page Top

#4 Tipover, I'm not sure of the exact paperwork involved. However, the UK government lent money to the Iceland banks with the Icelandic government's involvement. The intent was, in part, to keep UK banks solvent since there were massive business contracts between them ... Iceland as a country nearly declared bankruptcy.

Posted by lotp 2010-01-06 07:37|| 2010-01-06 07:37|| Front Page Top

#5 Look up how much TARP money went overseas to repay banks and institutions for unsecured gambling in derivatives in the American market. The ruling elite didn't want the taxpayers here to know what was really going on either.

Posted by Procopius2k 2010-01-06 08:07|| 2010-01-06 08:07|| Front Page Top

#6 Abu Dabai bailed out Dubai, would Norway do the same for its old colony?

Posted by 746 2010-01-06 10:47|| 2010-01-06 10:47|| Front Page Top

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