→ October 2, 2009
1
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 [...]
→ September 29, 2009
1
Iceland is currently in a state of shock. The nation has been hit with one bad news after another since the economic collapse last year. The dust has not settled, with no one made responsible and few solutions to Iceland‘s problems offered by its leadership. Fingers are still being pointed and anger and resentment is [...]
→ September 18, 2009
1
Bjarni Armannsson is a genius. Quoted last week as saying it would be irresponsible treatment of money to pay a debt he owes to Islandsbanki, Bjarni has set the tone for his countrymen. At a video store yesterday the clerk told the person in front of a relative of mine that he owed 1.200 ISK [...]
→ September 10, 2009
5
How is Steingrimur J. Sigfusson going to tackle this one? Glitnir/Islandsbanki is probably about to relieve former CEO Bjarni Armannsson of a debt of 800 million ISK, which is from a loan his own shelf-company Imagine got from the bank to purchase 12% of shares in the Norwegian business Glitnir Property Holding. Bjarni who walked [...]
→ July 29, 2009
16
Since Newsweek was pointing fingers this week with its “Who’s to blame” report, it only makes sense that Icelanders start extending their index fingers. For every Fred Goodwin, there is a Bjarni Armannsson and for every David Oddson…well there are actually few people who could have made as much mess in history as David Oddson. [...]
→ July 28, 2009
0
Now that they are safe with the money they managed to transfer abroad, the chief architects of the Icelandic “economic miracle” are leaving the country. So no help with the IceSave bill from them. Hannes Smarason and Bjorgolfur Thor have been hiding in London and Cyprus according to the media. Bjarni Armannsson ran away to [...]
→ July 27, 2009
2
Every day brings a new queasy revelation in the country which the Germans now call Crisisland. Today I met someone who is leaving the country, relieved to get away from all the negativity that has infiltrated every thread of society. Another friend said he foresaw the future in the same way. Occasionally you will find [...]
