The second phase of the protests seems to be upon us. Roughly 1,000 people protested the IceSave agreement outside Althingi yesterday. More are expected to come as the protest is supposed to take place at 3pm every day this week.
The core of the protest does not revolve around Icelanders wanting to “do one over” the British and Dutch savers who banked with IceSave. Most agree that they should be paid, but the protesters are not keen to have the Icelandic taxpayer foot the bill.
Vilhjalmur Bjarnason, one of the harshest critics of Icelandic businesses in the past few years has asked what happened to all the money? According to Landsbankinn’s reports from June of 2008 it had assets of just under 4,000 billion ISK, customers savings amounting to 1,600 billion. But when the bank collapsed, the assets did not cover the savings. What happened to that money? Vilhjalmur wants Landsbankinn’s board and managers to answer that question, and the bank’s accountants and auditors must be asked some serious questions as well.
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June 9th, 2009 → 8:51 am @ Dadi
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