For sale
An apology from the Icelanders:
“[...] So we didn’t pay as much attention to our politicians as we should have, who seemed mired in the politics of the last century, not of the century to come.
That turned out to be a big mistake, one which will cost us dearly.
In their squabbles for domestic power, blatant pandering to their own constituents, and general ineptness (in their defence, they’re not well paid), they kept on with business as usual, while a handful of businessmen – and their cronies – started business unusual.
The privatisation of our banks was handled by the politicians in the usual manner, with one bank going to members in good standing of the long-ruling Independence Party, and the other to members in good standing of the equally long-ruling Progressive Party (which nagging tongues claim is neither). [...]
The newly privatised banks were quickly turned into international powerhouses, fueled by cheap loans, mostly foreign. The third bank, which was private to begin with, also took advantage of cheap loans to grow. [...]
So for that, the damage this has caused, the money lost, and the misery caused, we’d like to say:
We’re sorry, please help.
P.S. The super rich have left in their private jets. You’ll find them in London – with their, our and parts of your wealth.” read more
Goddammit!