Iceland President: Let Banks Go Bankrupt

The financial crash in Iceland in 6 minutes according to ABC´s 20/20.


Iceland President: We Decided to Let the Banks Fail
Iceland President Olafur Ragnar Grimsson on the recovery of the country’s economy.

Why do we consider banks to be like holy churches? is the rhetorical question that Iceland’s President Olafur Ragnar Grimson asks (and answers) in this truly epic three minutes of truthiness from the farce that is the World Economic Forum in Davos.

Iceland President:   Why when banks fail should taxpayers pay the price

Read:   Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong
Professor Joseph Stiglitz on Iceland’s crisis and recovery



About benvitalis

math grad - Interest: Number theory
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