How are they trying to cook this up? The banks are now agitating for re installing bonus systems for the employees of their private banking and corporate banking divisions. Now it is great if bonus systems are available for employees, but when implementing those some basic questions must be answered. What are we rewarding? Remember, [...]

The minister of social affairs now wants to write off car loans which are overextended down to 110% of the market value of the car. A big relief for those who have seen their loans double, but a major folly. Yesterday I heard a Social Democrat explain how the Independence Party majority in Reykjavik’s city [...]