Economics: The directors, executives, and auditors of four Icelandic banks for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa (and for demonstrating that similar things can be done to an entire national economy).
The CEO’s of Iceland’s collapsed banks have been honored at the Ig Nobel . This is the first time the Ig Nobel prize goes to Iceland, so this is a matter of national pride.
Should we expect a welcome party downtown Reykjavik or in Smaralind Mall for the winners?
PS: The bankers were unable to be present at the awards ceremony. The photo above is from 2008 when Bjorgvin G. Sigurdsson, Minister of Commerce handed Landsbankinn an award for the best annual report.
Unlike the Ig Nobels, that award wasn’t meant to be a joke.
Related posts:
- MP Bank Revives Icelandic Bank Model
- Top 10: Who’s To Blame For The Icelandic Crash
- Landsbankinn Praised For Best Annual Report 2007
- From Wikileaks – Confidential exposure analysis of 205 companies each owing above EUR45M to Icelandic bank Kaupthing, 26 Sep 2008
- Mar Gudmundsson New Icelandic Central Bank Governor?
Carl Mosconi
11 months ago
And if justice prevails, which is highly unlikely, they won´t be available for any public ceremony for many years!