Yes, the Icelandic banks have left a lot of damage. But Gordon Brown should not use them to divert from his own problems.
Owned by Icelandic bank Kaupthing its UK operation of Kaupthing Singer & Friedlander operated as a British bank, supposed to be supervised by the UK Financial Supervisory Authority. The UK government has made no claims to the Icelandic government for this bank.

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2. Gordon Brown The Clown
3. FSA failed to heed doubts about Kaupthing
4. FSA was warned not to allow Kaupthing to take over Singer
5. Iceland: The land without an economy