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 [...]

It is quite amazing how successful the Independence Party has been at projecting two of their own larger problems onto others. In classical psychology, projection is always seen as a defence mechanism that occurs when a person’s own unacceptable or threatening feelings are repressed and then attributed to someone else. An example of this behavior might be blaming [...]

For dishing out misinformation, lies and slander, the nation’s most notorious nameless columnist receives 4 million ISK a month. Courtesy of the fishing lobby.

Gudbjorg Matthiasdottir must surely be the economic crisis’ ultimate winner. She displayed astute business sense by selling off her 1.71% share in Glitnir worth 3.5 billion ISK on the last day before it collapsed. She then partnered with a few other fishing magnates to buy the financial wreck that was Morgunbladid, after a 4 billion [...]

The Independence Party convention this weekend confirmed the stronghold that the old guard of David Oddson and the Fisheries Union has on the party. A declaration stating that Iceland should retract its application to the EU immediately was approved by the majority. The fallout could see an interesting split in what was once a proudly modern party. [...]

Everyone named in the Special Investigation Committee‘s report is asking everyone else to accept responsibility. But nobody has the guts to take the first step. Why the hesitance? It is quite understandable if you look at it from the viewpoint of someone who‘s wrangled their way to the top in Icelandic politics and banking. They [...]

The Icelandic government’s economic advisor Tryggvi Thor Herbertsson, on a leave from his post as CEO of Askar Capital Investment Bank and two years after his whitewash report on the Icelandic economy with Columbia professor Mishkin, with some interesting promises to the BBC on October 4, 2008. What happened next? The Independence Party’s voters elected [...]

Through elaborate twists and turns Catharine Zeta-Jones had to risk her life in a break in to get her hands on the jewels she coveted in Entrapment. But if you happen to own or control a business which has been bankrupted in Iceland in the last couple of years, the way back to 2007 is [...]

The party which got Icelandic society into this mess could just hold the keys to make things right. It is quite a bit strange to hear people say that they would still vote for the Independence Party today, even after its Icarian flight of the past two decades and its nepotistic distribution of the wealth [...]

“Those who lack the skill and talent to get the ball, go for the man” This quote from an online forum sums up the political debate currently underway in Iceland. People without the required skills and talent to handle the issues at hand compensate by attempting to take the players who do out of the [...]