Tag Archives: Iceland

Burning and Looting

What caused the financial crisis? Was the it the models, the expectations, correlated risks, non-transparency, dangerous financial innovation, or weak regulations? It was probably all of the above, but recently it has become clear that the banks caused it as … Continue reading

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More on Iceland and the Financial Crisis

Michael Lewis writes vividly about Iceland, fishing, and its financial crisis in his Vanity Fair article Wall Street on the Tundra: Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are … Continue reading

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After Iceland’s crisis – social reorganization?

From the Guardian After the crash, Iceland’s women lead the rescue Icelandic women are … more likely to be thinking about how to put right the mess their men have made of the banking system than about cooking them comfort … Continue reading

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Björk discusses Iceland’s response to financial crisis

From Pitchfork – the Icelandic musician and star Björk, on the Icelandic response to the financial crisis (which locked up Iceland’s imports as massive bank failures lead to a currency crash): … the Náttúra Campaign, the Icelandic environmental movement co-founded … Continue reading

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