Apropos the last post, it now transpires that the mere dividends that the two Björgólfurs received from their ownership of Landsbanki were actually HIGHER than the loan they would now like to have written off. The loan they took to be able to buy the bank. In other words, they milked out of the bank more money than they still owed in it. How f*cking insane is that?? Why didn't they pay off their goddamn loan before they went off on their greedy spending spree buying private jets and telecommunications companies in Bulgaria and West f*cking Ham in the UK, plus their sundry of other toys and businesses??? On top of all that, it has come to light that the head of the loans department of Búnaðarbanki [now called Kaupthing], which loaned them the money to buy Landsbanki, was one Sigurjón Þ. Árnason, who was promptly made CEO of Landsbanki under its new owners. Argh!!
In other words, they milked out of the bank more money than they still owed in it.
How f*cking insane is that??
Why didn't they pay off their goddamn loan before they went off on their greedy spending spree buying private jets and telecommunications companies in Bulgaria and West f*cking Ham in the UK, plus their sundry of other toys and businesses???
On top of all that, it has come to light that the head of the loans department of Búnaðarbanki [now called Kaupthing], which loaned them the money to buy Landsbanki, was one Sigurjón Þ. Árnason, who was promptly made CEO of Landsbanki under its new owners. Argh!!
