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 had served a sentence for his part in [...]

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 legacy then [...]

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 Palmi Haraldsson – Iceland [...]

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.

Did you ever think that you would be this rich? Did you ever think that you would have these hits? Did you ever think that I’d flash the nine? And walk off with your shit like it’s mine? I’ma keep stickin niggas until I’m livin’ Did you ever think that you would be this rich? Did you ever think that you [...]

A bizarre statement from the former management of Landsbankinn if there ever was one. According to the State TV, Bjorgolfur Thor’s company, Novator Pharma was granted a 206 million GBP loan in 2007. This was the single largest loan made by Landsbankinn, four times larger than the next one. According to Icleandic law, connected parties are [...]

Bjorgolfur Thor has threatened to sue Channel 2 because of the newsstory about him moving money to tax-havens in the wake of the economic crash. The channel’s news-manager has said they don’t have anything in writing as proof but is willing to stake the words of his unnamed source against the “good name” of Bjorgolfur. And Jon [...]

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. [...]