I have fallen ill lately, either some autumn flu or an allergy reaction due to Icelandic news. It seems like Bjorgolfur Thor and Jon Asgeir Johannesson are going to be the two people who hold the reins in Icelandic business once the dust has settled. Their creditors including Landsbankinn and Arion seem to be competing [...]

Former Kaupthing chairman Sigurdur Einarsson who was wanted by Interpol earlier this year knows where to seek blame for the Icelandic banking collapse of 2008. It was the government, the supervision authorities and Landsbankinn amongst others according to a big interview in Frettabladid today. The governments of David Oddson and Geir Haarde also know who [...]

This Wikipedia site is quite curious since it presents Bjorgolfur Thor in a different light from what the Icelandic media is used to. The question is, who is lining up to do business with this man today? Apart from the Icelandic state that is? From Wikipedia

If Ragnhildur Sverrisdottir is worth anything as a PR person then surely she must distinguish herself from Bjorgolfur Thor’s latest attempts at total self destruction of his reputation. Or maybe she is working for free and her advice worth every penny? In an astonishing interview with VB.is Bjorgolfur comes across as a spoiled little child [...]

Bjorgolfur Thor is no longer on the Forbes billionaire list. And Hannes Smarason of FL Group fame personal debts to Landsbankinn amount to half the IceSave amount owed to the Brits and the Dutch according to the latest calculations. Of course without proper collateral or what?

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 [...]

Bjorgolfur Thor was handed Landsbankinn through privatization because he was supposed to have made a mint abroad and re-investing it in the Icelandic economy was seen as a positive move. Landsbankinn’s bankruptcy within six years then turned out to be one of the biggest in history. Not just in Iceland but anywhere. The bank’s IceSave [...]

Morgunbladid today points out that one year from the economic collapse, Iceland’s most notorious businessmen still hold on to their companies. Jon Asgeir Johanesson – Hagar (Hagkaup, 10-11,Bonus) / 365 Media (Channel 2, Frettabladid) Karl & Steingrimur Wernersson – Lyf & Heilsa Drugstores Agust & Lydur Gudmundsson – Exista (VIS, Lysing, Siminn, Oryggismidstodin) / Bakkavor [...]

The owner of nightclub Sodoma Reykjavik got warranted attention when he placed photos of prominent bankers and businessmen in the urinals at his club. Now he reveals in an interview with Sodoma Reykjavik that Bjorgolfur Thor is taking the most (considerably moist) heat. Go here if you want to take the piss.

It is not nice to cause damage to other people and their belongings. So Bjorgolfur Thor should be ashamed of himself for IceSave, Landsbankinn and the way he’s conducted his business in Iceland.