“Politicians looking for their 15 minutes of fame have to understand that the lifting of bank-secrecy means nothing else but a mass exodus of Icelandic customers to foreign financial institutions as soon as they have the chance to do so, with the accompanying damage for the Icelandic economy”.
- Sigurdur Einarsson, former Kaupthing CEO in Frettabladid
Sigurdur Einarsson has to understand that the way he and others ran the Icelandic banks during the last 7-8 years means nothing else but a mass exodus of Icelandic customers to foreign financial institutions as soon as they have the chance to do so, with the accompanying damage for the Icelandic economy.
Related posts:
Silvia Planchett
2 years ago
Is it possible that Sigurður is one of those Icelandic customers that prematurely made an exodus to some foreign financial institution?
kría09
2 years ago
It is not merely a mass exodus to foreign financial institutions but rather to foreign countries, which has been caused by Sigurður running (and ruining) the bank.
Blubber
2 years ago
Did anyone buy that argument?
Dadi
2 years ago
Blubber, ask followers of the Independence Party
Carl Mosconi
2 years ago
How about those yacht loans!
http://www.dailymail.co.uk/money/article-1205119/Collapsed-Icelandic-bank-yacht-loans-documents-reveal.html