The party which got Icelandic society into this mess could just hold the keys to make things right. It is quite a bit strange to hear people say that they would still vote for the Independence Party today, even after its Icarian flight of the past two decades and its nepotistic distribution of the wealth of [...]

Yesterday I spoke to two grown up, salt of the earth people who had signed the InDefence petition. They were adamant that they had signed against Iceland paying the IceSave debt. Their understanding of the issue was that a national referendum would give the nation an opportunity to say no to paying the debt. What could [...]

The idea of an IceSave memorial is a great one. So here is a homage to the people who got us IceSave.               As Prime Minister and Finance Minister, David Oddson and Geir Haarde privatized Landbankinn into the hands of Bjorgolfur Gudmundsson, who had no experience in banking but had served a sentence for his part in [...]

For people from outside Iceland it is probably hard to understand the world Bjarni Benediktsson seems to live in. The chairman of the Independence Party who is normally afraid of speaking his mind under the watchful gaze of his predecessors says in an interview with Frettabladid today that he is pro-European. He claims that it is [...]

Blogger Gunnar Smarason writes a disturbing piece on the prosperity of N1, gas station and convenience store empire. I just don’t know why none of the major media has picked up on it. According to Gunnar, N1’s third quarter report states that the company’s earnings have grown threefold before tax, interests and amortization, compared to last [...]

Sigmundur David Gunnlaugsson – Progressive Party 1. Defend the interests of father’s friends and Progressive Party fat cats. 2. Stall an IceSave solution as long as possible to make political opponents look bad. 3. Have lunch. 4. Make sure that the Progressive Party “owns” a special green room at Althingi. 5. Have dinner 6. Regularly cause a scene through bizarre fits. 7. Be [...]

What are people like Bjarni Benediktsson, Thorgerdur Katrin Gunnarsdottir and Olafur Stephensen thinking now? Do they really belong in the same corner of society as David Oddson, Bjorn Bjarnason, Hannes Holmsteinn Gissurarson, Kjartan Gunnarsson and Oskar Magnusson? Or is their political career “paid” by the same interest groups? The list of Independence Party coat-tailers whose reputation is in [...]

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 [...]

This week Arni Johnsen, MP for the Independence Party arose from his bought and paid for seat in Althingi and said that “The EU is a new Soviet”. Almost noone paid much attention and those few who did said, “Arni is an old criminal”. Bjarni Benediktsson was against EU membership, then for EU membership, then against EU [...]

Sigurjon Arnason, the CEO who lead Landsbankinn into the IceSave fiasco is confident that if the sale of the banks assets are done correctly then they will cover the 650 billion the state has to assume because of the disastrous savings account. Maybe the state could ask Sigurjon to organize the sale? But there is a hinge. [...]