The human resource department of Landsbankinn must be examining its screening and hiring practises after the destructive forces it let into the bank in the last few years. Haukur Thor Haraldsson the former head of the bank’s operational division is accused of having moved 120 million ISK into his own account in the days of [...]

So I promised I’d explain the reason why the government’s current “solutions” for the household debt in Iceland are useless. A regular reader to this site, Vilhjalm A. has pointed out the unique situation home-owners in Iceland are facing because of the consumer price indexation attached to all mortgages in ISK: An unnormal country In normal countries [...]

“How to settle the debts of individual businesses is in the hands of the banks and they have to work according to regulations in those matters and not discriminate between people when estimating how the interests of the bank and therefore the Icelandic economy is best served, and how to minimize the damage. I will [...]