Bjorgolfur Gudmundsson became a fan of money (10 years ago) Hreidar Mar Sigurdsson, Hannes Smarason, Lydur Gudmundsson, Jon Asgeir Johannesson, Sigurdur Einarsson, Bjarni Armannson like this ——————————– Bjorgolfur Thor has a red Hummer Sigurdur Einarsson and Bjarni Armannson like this Jon Sigurdsson where did you get it, I want one too Hreidar Mar Sigurdsson mee [...]

It is that sinking feeling one has had browsing through the news of the week. With each passing month from the Icelandic economic collapse, things aren’t really changing at all. I have written before about many Icelanders clinging onto the hope that if they close their eyes long enough, everything will be just fine. And [...]

It is not nice to cause damage to other people and their belongings. So Bjorgolfur Thor should be ashamed of himself for IceSave, Landsbankinn and the way he’s conducted his business in Iceland.

On August 11, I wrote this to the IMF representative in Iceland, Mr. Franek Roswadowski in light of comments made by Icelandic banks and ministers that the IMF was the entity responsible for debt reorganization. Unlike Icelandic officials, Mr. Roswadoswki answers his emails and today I recieved this from him: Dear Daði, No, the IMF [...]

This much talked about video used by Kaupthing to inspire its working ants was premiered at a 2006 or 2007 annual staff day with the description “Choose Change”. The reason for the video is quite obvious, to inspire awe and a feelgood factor in the company’s staff. Fortunately Sigurdur Einarsson didn’t do a Steve Ballmer. [...]

Over the top, glamorous, vain, inconsiderate, rude, brash, selfish, attention-seeking, crass, obscene, out of her mind. Silvia Night, Iceland’s 2006 Eurovision entry was the inside joke that captured the local zeitgeist perfectly, where the icon of Iceland 2006 managed to be disliked by everyone else in Europe. Seldom has art imitated life so brilliantly.

Apparantly splashing red paint on the houses of financial sorcerers isn’t enough anymore. Three men were caught on tape in the investigation of  Stefan Hilmarsson’s Range Rover burning this week. Stefan has been Baugur’s CFO and deputy CEO for years, and supposedly getting ready to start working at 365 media, the publishers of Frettabladid and [...]

Ottar Palsson, CEO of failed Straumur Investment Bank has written a formal apology letter, published in Frettabladid today. Ottar leads a group of Straumur top management who asked for billions of ISK in bonuses for maximising profits in the impending sale of Straumur’s assets. “In the light of the discussion from the last few days, [...]

“Yes, yes, we just got the go-ahead from the banks to move this onto another social security number. They were in on it,” said Jakob Valgeir Flosason, the name behind Stim ehf. (a shelf company used by Glitnir to keep the price of its stock artificially up) when talking about his business leaving behind debts [...]

Imagine that you put all your life savings into a bank, perhaps even the proceeds from the sale of your house, for safe keeping and one morning you woke up to the nightmare news that the bank had closed its doors and you couldn’t have your money. On October 8th 2008, that’s exactly what happened [...]