I for one am not going to participate in this distortion of democracy which has brought us a national referendum on IceSave. Of course I would say no to paying for the insane way Landsbankinn went about its business. Today, Halldor J. Kristjansson, one of their CEO’s is on record saying that there were meetings in [...]

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 [...]

Where is former Landsbanki CEO Halldor J. Kristjansson and what is he doing? This has been a question on many Icelanders’ minds since Halldor disappeared to Canada and soon afterwards Ross Beaty of Magma Energy showed up to make the deal of a lifetime in geothermal energy. According to the website of Cash Store Financial in [...]

Economics: The directors, executives, and auditors of four Icelandic banks for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa (and for demonstrating that similar things can be done to an entire national economy). The CEO’s of Iceland’s collapsed banks have been honored at the Ig Nobel . This is the [...]

How tight was the grip Icelandic banks had on their society in the last decade? Journalist Anna Kristine Magnusdottir tells of the death threats she received while she was working on a piece for DV in 2007. The story was about the mistreatment of children at a juvenile home at Kumbaravogur. Out of nowhere she got [...]

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 Norway [...]

Sigurjon Th. Arnason and Halldor J. Kristjansson, CEO’s of Landsbankinn sent a letter to the Dutch Central Bank and the Icelandic Financial Authorities on September 23. last year where they said they were convinced that the Icelandic state would guarantee minimum deposits in Icelandic banks. Morgunbladid reports this today and has a copy of the letter, [...]