Right after the Iclelandic banks had collapsed it emerged that the management of Kaupthing had relieved its key staff of 50 billion ISK in loans they’d taken to buy shares in the bank. The news struck a nerve with people who saw their own debts take off into the stratosphere due to the collapse of [...]

Quelle surprise. Pall Kolbeins writes in Tiund, the tax office newsletter that large investors in Kaupthing and Landsbankinn managed to sell their stocks before the economic disaster last year. Half as many individuals owned more than half a million ISK on face value in the two banks at the end of 2008 than at the [...]

Sigurjon Th. Arnason, former CEO of Landsbankinn was rewarded for the best annual report of 2007. His lawyer, Sigurdur G. Gudjonsson just claimed from the safety of Pressan, the webzine that Bjorn Ingi Hrafnsson controls to affect public discussion on behalf of the disgraced business and political circles, that Eva Joly must be dismissed of [...]

The obvious fact about Gunnar Birgisson is that he is an Independent Party old timer. He is so corrupt that he is absolutely sure he isn’t. Earlier this week Deloitte delivered a report chastising the business directed towards Gunnar’s daugther during his time as Kopavogur’s mayor. The business she received from the Icelandic Student Loan [...]

I heard a good story this weekend. It was about my personal finances. The story told of how I’d been gambling around with money in the good times and lost it all in the economic collapse. Therefore I am supposed to be bitter and therefore I am supposed to be keeping this site going, going [...]

As far as justifications go the one offered by Iceland’s very own born-again Christian charlatan Gunnar Thorsteinsson in defence of his friend, the disgraced mayor of Kopavogur Gunnar Birgisson takes some beating. Gunnar Birgisson’s is under siege for having directed around 50 million ISK in official funds to his daughter’s business from his position as [...]

Progressive Party MP Gunnar Bragi Sveinsson, who is new in Althingi but apparantly an old-time politician is amazed at the attention given by the media and other political parties to small things like the “green room” issue. Talking to visir.is he thinks that there are more important matters that Althingi needs to discuss and is [...]

The trouble with politicians in Iceland is that they have managed to get away with it all for a long time and many still think they do. Gunnar Birgisson, mayor of Kopavogur, Reykjavik’s largest satellite and former chairman of the board at the Icelandic Student Loan Association is being accused of having directed work from [...]