Iceland today is the one where Johannes Jonsson of Baugur is defending the decision of Kaupthing/Arion to explore every possible way to allow him and his family and business partners to retain Hagar, which controls around 60% of Iceland’s food market. This despite the record losses of their companies which have had to have tens if not hundred of billions written off in the banking system.
Iceland today is also one where Sverrir Jonsson, an ordinary Icelander receives no help from the banks at all and has been chased out of his 200 sqm home in Hafnarfjordur because the banks or government are not willing to offer any solutions. While Johannes Jonsson lives in luxury after having dumped billions onto the taxpayers, Sverrir Jonsson has been contemplating suicide as he told DV.
And the banks are now concerned about getting companies they’ve taken over back on the stock exchange. The priorities in this society are fucked up as ever.
The fortress around the homes promised by the government is a joke. Mr. Jonsson and Mr. Jonsson live in different worlds.
Related posts:
XP
2 years ago
Hi!
That is a fact, and not only in Iceland. It is pitty, but seems nothing will be changed, unless absolutely new politicians will appear.
Keep in mind, that in fact even after 10 years, any parlament can take decision to restore liability for historical damages. It is only a wish of legislation makers. And society, even if that is hard, can influence that only via elections.
Always keep in mind, democracy also means, that penalty has to be given, if majority votes for. Even for the past.
Use that, and then people like many, stated in this blog site, will get back for all pains, they have given to this small, but nice country.
No Privacy At The Banks
2 years ago
[...] Jonsson from this post has told DV of how Kaupthing/Arion monitored their accounts once they were behind on payments on [...]