Banking in Iceland: A Matter Of Life And Death

July 14th, 20092:47 pm @

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Banking in Iceland: A Matter Of Life And Death

Even though a lot can be said about the shenaningans of Icelandic bankers in this decade, about 80-90% could fall into the category of “mostly harmless” whereas causing economic disasters is concerned.

But in the boom years, many of us made our living peddling the banks’ products and services and therefore the brunt of the customers’ ire today is pointed towards the same suits whose promises failed to deliver.

Stories of suicides amongst bankers have circulated. I had not had any confirmed until recently when a banker my age took his own life. He was not responsible for any policy formulations or top decisions, but as the story goes he was left with the wrath of the customers, eventually breaking down.

Meanwhile former CEO’s such as Bjarni Armannsson, Sigurjon Arnason, Halldor J. Kristjansson, Sigurdur Einarsson, Hreidar Mar Sigurdsson and large owners such as  Lydur and Agust Gudmundsson, Bjorgolfur Gudmundsson and Bjorgolfur Thor, Jon Asgeir Johannesson are currently in various positions looking to profit from the economic crash.

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