When I hear about the billions currently received in loan remittances by the wealthiest Icelanders I think of Penn with his mouth full. The numbers are too hard to chew. If they weren’t, then everyone would be knocking down the doors of Landsbankinn, Kaupthing and Glitnir demanding the same treatment.

“If you think we have problems, wait until you see this place”. Australian 60 Minutes on the Iceland Crisis

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. [...]

Kaupthing S&F Isle of Man depositors with a few words of warning. Thanks Jim.

Kaupthing commercials starring John Cleese…I especially like the part where he asks why doesn’t Kaupthing just call everyone instead of making those commercials because that’s what we were also doing. A lot of fuzz was made regarding the cost of having such a famous actor appear in commercials for an Icelandic bank at the time. [...]

Michael Moore’s new trailer for his take on capitalism. Very funny.

Last night the newsmedia was filled with stories of violent activity by Saving Iceland members at the Ministry of Industry. Most of the headlines revolved around police being attacked with pipes and a policeman being kicked in the head. Then this morning we get this video and a strong protest by Saving Iceland which states [...]

Katrin Juliusdottir, Minister of Industry yesterday continued the proud tradition of thinking outside the box and signing an agreement with the aluminum industry, in this case a step on the way to build a new smelter in Helguvik. Members of Saving Iceland threw skyr (Icelandic type of yogurt) at her car and then the police [...]

When I was a student at a university in the US, the women’s soccer coach was fired from his job for pushing a player. This despite his record of leading the team to the final four in consecutive seasons. This was eight years ago and he still hasn’t been able to find another job as [...]

Iceland unveiled plans aimed at cleaning up its failed financial system Monday, whereby creditors will see the government commit up to $2.1 billion to capitalize new lenders created from the ashes of those that collapsed last year. Iceland’s Minister of Finance Steingrímur J. Sigfússon discusses the plans. Watch here