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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
Posted in General
Tagged Akerlof, financial crisis, goldman sachs, Iceland, John Paulson, krugman, looting, Magnetar, pro publica, Romer, S&L, This American Life, Thorvaldur Gylfason
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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
Posted in General
Tagged financial crisis, fishing, Iceland, Michael Lewis, Vanity Fair
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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
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