Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Not unlike in Iceland:

ceebs:

BBC News - Icelandic authorities 'negligent' over banking collapse

Leading Icelandic figures, including ex-Prime Minister Geir Haarde, are guilty of "negligence", a report into the Icelandic banking crisis has said.

See Althingi - Report of the Special Investigation Commission (SIC)
The following is an English summary and excerpts of the report´s findings


By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Migeru (migeru at eurotrib dot com) on Thu Jun 10th, 2010 at 09:18:51 AM EST
The executive summary reads very similarly to what happened in Ireland, particularly at Anglo-Irish and Irish Nationwide banks. In general all the banks leveraged the good name and credit ratings of their host Governments for private gain - and then added insult to injury by getting the taxpayer to pony up when it all went pear shaped.

The neo-liberal ideology preaches no state interference - all the while leveraging the state reputation for private gain.  It basically amounts to a claim on unfettered profits at the taxpayers expense.

Frank's Home Page and Diary Index

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Sat Jun 12th, 2010 at 06:41:26 AM EST
[ Parent ]

Display:

Occasional Series