…is the most corrupt time in the history of Iceland… …not 2002… ..not 2007.. but right now

I just love the fact that what I have been calling the solvency committee for Landsbankinn is in fact called “winding up board”. It is somehow so much more fitting as they have now hired back as consultants the two men that the Financial Supervisory Authority let go from the committee two weeks ago because [...]

As noted before it seems like the best job in the world today is to be on the solvency committee of an Icelandic bank. At Glitnir, Arni Tomasson is busy wondering how to get failing businesses into the “right hands”. Arni was the manager of Bunadarbankinn which lent Bjorgolfur & son the money to buy [...]

The best job in Iceland appears to be in the solvency committee’s of the banks. There are three of those operating, one for Glitnir, Kaupthing and Landsbankinn each. Apart from the couple of millions of ISK they are taking home in their paycheck every month, the story from a source in London where they have [...]