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 [...]

From a speech given by Sigurdur Einarsson, Kaupthing boss at a conference held by the Financial Authority in January, 2005. “…There is a reaction, in Iceland as in many other countries, to the corporate scandals that recently shocked the world, but adding more detailed regulations and penalties will not help against those who are willing [...]

Iceland’s most controversial banker, Sigurdur Einarsson, the former executive chairman of failed bank Kaupthing, has been made an official suspect by fraud prosecutors examining alleged market manipulation relating to an investment in the bank by Qatari royal Sheikh Mohammed Bin Khalifa al-Thani weeks before its collapse a year ago. Einarsson, who lives in Chelsea, west [...]

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 [...]

“Politicians looking for their 15 minutes of fame have to understand that the lifting of bank-secrecy means nothing else but a mass exodus of Icelandic customers to foreign financial institutions as soon as they have the chance to do so, with the accompanying damage for the Icelandic economy”. - Sigurdur Einarsson, former Kaupthing CEO in [...]

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. [...]