Iceland’s new billionaires were once the heroes of its rags-to-riches saga.

Tales of fast cars, yachts and penthouses, accounting scandals and Russian money did not seem to hamper the country’s love affair with its self-made men. But as Iceland’s financial system collapsed under a banking system ten times the size of its economy, the nation’s romance with the very wealthy came to an abrupt end.  19-Oct-08.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3227409/Iceland-falls-out-of-love-with-its-billionaires-financial-crisis.html