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? [...]

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 [...]

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. [...]

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. [...]

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 [...]

This should be big news. Today’s Frettabladid reports the following: “Two young men, born in 1989 and 1990 who are suspected of massive financial fraud are being kept in isolation under arrest because of the seriousness of their case. This is revealed in the courts’ verdict at their hearing. The men are believed to have [...]

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 [...]

When I was a student at a university in the US, the women’s soccer coach was fired from his job for pushing a player. This despite his record of leading the team to the final four in consecutive seasons. This was eight years ago and he still hasn’t been able to find another job as [...]

My sympathy is truly there for the Dutch and British savers who lost their money.  I would like them to get back as much as possible. But I do not want to pay that money myself. I do not want lower public service or higher taxes. And I don’t want to be walking down main [...]

Is it a good idea for such a large stake in the bank to be controlled by individuals with no track record in banking? And what’s the background of these people who apparently earned their fortune in the beverages business in Russia? Indeed the validity of one of their first, key acquisitions in Russia – [...]