info.LandsbankiAction.org.gg   30-Mar-2016: Liquidators' Update, see Deloitte site

As Iceland resists paying our billions, let’s not forget just who is to blame

Icelandic bankers and British ‘rate tarts’ caused the Icesave folly, yet the two nations’ taxpayers will be footing the bill.

Iceland was a nation that took huge pride in the fact its government used to owe nothing. The phrases “net debt-free” and “debtless” would pepper the briefings of its senior financial officials before the crisis. But then came the crazed ingenuity of Iceland’s bankers in funding themselves through thrifty British and Dutch internet savers, rather than sophisticated international financiers. And so from the likes of Icesave arose a giant Icedebt. . .

The path to this point was novel but predictable. The causes of the crisis have lessons that should be heeded well beyond this northern Atlantic rock. Business and Marketing News, Funds, Finance and Stock Market website - 18-Feb-10.

http://www.businessgaze.com/as-iceland-resists-paying-our-billions-lets-not-forget-just-who-is-to-blame-faisal-islam