Many wonder why such secrecy persists in resolving the financial disaster of Iceland.
Information regarding the banks and their operations has to be dragged out of unnamed sources and from the shadows of the ruins. It took the Financial Authorities nine months to let people who were top management in the old banks go from the solvency committees. The official investigation team never releases information to the public on where they are going and where they’ve been. The government reveals nothing, as is best displayed with the secrecy surrounding the IceSave issue. The opposition is in the headlines for opposing information being given to the nation that has to pay for the bank collapse (Bjarni Benediktsson today likened the information from Kaupthing being leaked to a lawless Wild West, possibly because his company N1 was on the list).
So why the muteness from officials? The most probably answer must be that because of the cosy relationship between the political parties and the business sector in the past, they don’t want to.
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Blubber
2 years ago
Looks like the law that Mr Brown used to freeze Kaupthing assets wasn’t as inappropriately named as it seemed at first.
Democracy is useless if there is no transparency.