From the Wikileaks documents. Interesting comments from the US Embassy on the situation in Iceland in October and November 2008. Russia, Independence Party, IMF, Icelandic politics and the  EU. The old guard of the Independence Party is working hard at discrediting these leaks stating that “foreigners know nothing about things work in Iceland”. But according [...]

Four former ministers will be lead before Landsdomur, a special court designed to hold ministers accountable for crimes,  misdemeanours, treason and general carelessness. This is the verdict of a parliamentary committee delivered this weekend. Coalition government party leaders Geir Haarde and Ingibjorg Solrun Gisladottir,  minister of commerce Bjorgvin G. Sigurdsson and finance minister Arni Matthiesen [...]

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 [...]

I thought that I should help Hakon with his request from the Mishkin post from yesterday. Asking about one of the most serious cases of the systematic silencing of the academic community, this description of Robert Z. Aliber’s visit to Iceland should offer a glimpse of the “silenced-society” Iceland had become. I translated this from [...]

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 [...]

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 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 [...]

Fridrik Jonsson shows two pictures on his blog today that challenge the wisdom of applying economic theories to large economies and small as if there were no difference. The first one shows inflation from January 2001 – October 2009. The second one shows the development of CB interest rates in the same period. Notice a [...]

The case of Baldur Gudlaugsson, the secretary of the Ministry of Education who quit yesterday because of an investigation by the Special Prosecutor, is intriguing to say the least. Baldur is being investigated for selling his shares in Landsbankinn, after attending a meeting late in the summer of 2008 with Alistair Darling, the British Chanchellor of [...]

The first of many documentaries about the crash is soon to be ready. God Bless Iceland, citing Geir Haarde’s infamous speech to the Icelandic nation includes interviews with such figures as Bjorgolfur Thor, Jon Asgeir Johannesson and Geir Haarde. Also footage from the protests in January, a policeman’s perspective and a protester’s perspective.