Remember Indefence? The group which persuaded the president of Iceland not to sign the IceSave agreement last year. Which many believe has saved Icelandic taxpayers some serious amounts with the agreement of better terms a year later, while others maintain that it has delayed the reconstruction of Iceland by keeping away foreign direct investment because [...]

Well this is what happened…. …apart from the UK and Holland not showing any signs of rushing into negotiating… ….nothing.

With a smug grin he revealed last night and today what he had wanted all along. It wasn’t a national referendum on IceSave. It was for the government he opposes to resign. Steingrimur J. Sigfusson asked the nation how it thought an agreement could be made with a saboteur on our very own negotiating team. [...]

Yesterday I spoke to two grown up, salt of the earth people who had signed the InDefence petition. They were adamant that they had signed against Iceland paying the IceSave debt. Their understanding of the issue was that a national referendum would give the nation an opportunity to say no to paying the debt. What [...]

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 [...]

Public figures are resorting to interesting metaphors these days to explain their own plight. A friend is concerned that Sigmundur David Gunnlaugsson doesn’t understand what McCarthyism was all about. And that Hannes Holmsteinn Gissurarson doesn’t quite grasp the suffering of the Jewish in Hitler’s Germany. But then again, that would not be the first time [...]

Blogger Gunnar Smarason writes a disturbing piece on the prosperity of N1, gas station and convenience store empire. I just don’t know why none of the major media has picked up on it. According to Gunnar, N1′s third quarter report states that the company’s earnings have grown threefold before tax, interests and amortization, compared to [...]

Sigmundur David Gunnlaugsson – Progressive Party 1. Defend the interests of father’s friends and Progressive Party fat cats. 2. Stall an IceSave solution as long as possible to make political opponents look bad. 3. Have lunch. 4. Make sure that the Progressive Party “owns” a special green room at Althingi. 5. Have dinner 6. Regularly cause [...]

Progressive Party Chairman Sigmundur David Gunnlaugsson was asked on the evening news of both channels what two experts from a hedge fund related to Landsbankinn and Bjorgolfur Thor were doing with him in Norway? He did not really answer the question. Instead he became indignant and accused those who asked of McCarthyism and claimed he [...]

A good question from Lara Hanna’s blog, one of the most active ones in pointing out corruption in Iceland. What on earth are Sigmundur David Gunnlaugsson and Hoskuldur Thorhallsson of the Progressive Party, doing in Norway? The official spin is that they are explaining the economic situation in Iceland, and perhaps fishing for a loan [...]