Little Iceland kicks UK in the face

Quote from clacy:

If the US were to have a complete economic collapse, I think a more realistic fear, than the Mad Max scenario, would be to gravitate toward a totalitarian form of government.
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We are.
 
I don't really understand this story...

Is UK becomming tyrannical, or is it already ? I mean, it was a Iceland bank that went under...

So some britishs lost money... like in Lehmans and co...

However now they want that the People of Iceland pay the bill for the suckers of UK ? I mean when you get a 11% annual interrest rate, it's time to be carefull...

Man where are we living ? How is the british gov thinking ?

I mean this kind of scare tactic will return so heavy on their perpetuators. Happily the president of Iceland is smart enough to know that by transfering the power of this choice to the people of Iceland it stops all the manipulation that UK sucker were trying...

You play, You lose or win... but don't cheat.
 
Thousands of people in my European country had large chuncks of their savings in Icelandic Krona because they liked the high intrest.

Oops.

As far as the British and Dutch Icesavers goes...

In every Dutch town, even the smallest, there is a Rabobank branch located. Rabobank is the only bank in the world with a AAA rating left.

Yet they chose to put their money in some bank from a country inhabiting a couple of thousand people for a lousy 1% more.

Greed greed greed.

Screw them.
 
Quote from SNBthetrue:

I don't really understand this story...

Is UK becomming tyrannical, or is it already ? I mean, it was a Iceland bank that went under...

So some britishs lost money... like in Lehmans and co...

However now they want that the People of Iceland pay the bill for the suckers of UK ? I mean when you get a 11% annual interrest rate, it's time to be carefull...

Man where are we living ? How is the british gov thinking ?

I mean this kind of scare tactic will return so heavy on their perpetuators. Happily the president of Iceland is smart enough to know that by transfering the power of this choice to the people of Iceland it stops all the manipulation that UK sucker were trying...

You play, You lose or win... but don't cheat.
More...
I think you need to read a bit more about the EU depositor protection regulations that Iceland agreed to and signed into national law, only to renege when they found that it's too difficult to pay the claims of British and Dutch creditors. Are you suggesting that it's OK for Iceland to avoid taking responsibility for their banks' recklessness that they have been willing to underwrite in the past? The very same President Grimsson was the biggest cheerleader for Icelandic banks during their heyday in 2007. Now that they're bust, he suddenly decides that the people of Iceland are not responsible for their excesses. Convenient, don't you think?

Don't you think it's rather telling that Iceland's Nordic neighbors, the IMF, the Dutch and the Germans are all withdrawing plans to offer emergency loans to Iceland (it's not just the UK that's pissed off, contrary to popular knowledge)?

In my view, this is just Iceland trying to negotiate better terms on the Icesave deal...
 
http://www.nasdaqomxnordic.com/index/index_info?Instrument=ICEIS0000018885

http://sedlabanki.is/?PageID=485

"OMX Iceland 6 PI ISK consists of up to 6 companies listed on the OMX ICE Main list. The 6 companies are selected for the OMX Iceland 6 PI ISK index twice a year, in June and December, on the basis of auto-matched trading volume on each trading day during the preceding 6-month period, and market capitalisation at the end of the period."

I notice some Icelandic stocks are reported to trade on the exchange in Copenhagen, Denmark.

Attached is a graph of Atlantic Airways stock price.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2692806 \img>
 

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