I just love the fact that what I have been calling the solvency committee for Landsbankinn is in fact called “winding up board”.

It is somehow so much more fitting as they have now hired back as consultants the two men that the Financial Supervisory Authority let go from the committee two weeks ago because they’d been too involved in the collapse of the bank.

The explanation is supposed to be that the creditors of Landsbankinn walked away from the negotiations table when Arsaell Hafsteinsson and Sigurjon Geirsson were let go. Who are those creditors and why can they only work with two people in Iceland?

Their website here

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