Author Topic: Is there a bank run in Iceland...  (Read 762 times)

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Beardo

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Is there a bank run in Iceland...
« on: December 01, 2008, 06:47:13 PM »
http://www.iht.com/articles/ap/2008/12/01/europe/EU-Iceland-Meltdown.php


Quote
REYKJAVIK, Iceland: Thousands of Icelanders marked the 90th anniversary of their nation's sovereignty with angry protest Monday, and several hundred stormed the central bank to demand the ouster of bankers they blame for the country's spectacular economic meltdown. Tiny Iceland has seen its banks and currency collapse in just a few weeks while prices and unemployment soar — leaving a country regarded as a model of Scandinavian prosperity in a state of shock. "The government played roulette and the whole nation has lost," writer Einar Mar Gudmundsson told a noisy but peaceful anti-government rally of several thousand people in downtown Reykjavik. After the rally, hundreds of protesters stormed the headquarters of Sedlabanki, Iceland's central bank, demanding the sacking of its chief, David Oddsson.

continued in the link

Can't bjork just make a few more albums or something?

Cormacaroni

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Re: Is there a bank run in Iceland...
« Reply #1 on: December 01, 2008, 06:48:32 PM »
I hear that US mortgages may be something of a problem too.
vjj

Beardo

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Re: Is there a bank run in Iceland...
« Reply #2 on: December 01, 2008, 06:51:53 PM »
Quote
The Associated Press Published: December 1, 2008

Cormacaroni

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Re: Is there a bank run in Iceland...
« Reply #3 on: December 01, 2008, 06:56:50 PM »
That's the date of the 90th anniversary, you mouthbreather. The actual bank run is ancient fucking history.
vjj

Fragamemnon

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Re: Is there a bank run in Iceland...
« Reply #4 on: December 01, 2008, 09:00:29 PM »
it would be cool if they threw the bankers into the active volcanoes. needs to be televised on fox news with a banner at the bottom "Citigroup and Lehman execs next?"
hex

Beardo

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Re: Is there a bank run in Iceland...
« Reply #5 on: December 01, 2008, 10:06:15 PM »
it would be cool if they threw the bankers into the active volcanoes. needs to be televised on fox news with a banner at the bottom "Citigroup and Lehman execs next?"

Correct me if I am wrong but isnt Iceland's problem due to just the central bank failing?