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Top Secret Financial Disaster →  August 5, 2009 1

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 [...]

Independence Party Tragedy →  July 15, 2009 2

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 [...]

Complexity Of IceSave Too Much For Althingi? →  June 8, 2009 3

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 [...]

→  April 21, 2009 7

I am getting tired of talking about the Independence Party but they seem intent on hogging the headlines with one misguided step after another. Now Bjarni Benediktsson is plastered across bus-stops and full-page ads promising voters that Iceland could adopt the Euro through the IMF without entering the EU. This without putting forth any evidence [...]

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