The Isle That Rattled the World [Iceland Created a Vast Bubble]

Wall Street Journal (Weekend Edition) ^ | 27 December 2008 | CHARLES FORELLE

[DeaconBenjamin]

When the dollar tanks like the Icelandic Kroner, our protests are going to be a tad bit uglier. Like, burning cities and heads on pikes.

You've been PINGED.

[Travis McGee]

Sitting in an Icelandic natural hot tub with an Icelandic honey will be a good way to spend the Greater Depression.

Washing down fish smorbrods with ice cold aqavit.

[PghBaldy]

In Japan and Hong Kong, bond buyers got stuck holding all-but-worthless debt. In Beverly Hills, a real-estate developer was forced to default after teaming up with an Icelandic bank to build condos near Wilshire Boulevard. A German regional lender, Bayerische Landesbank, suffered big losses on its Icelandic investments contributing to its need for a €30 billion ($42 billion) bailout package Although I enjoyed your reply. We are all interconnected, but in the present situation, not nec. a goo thing.

[bill1952]

Iceland's default is the tenth part of a fleabite.

Back when clintoony was running the show and Russia defaulted on it's entire bond debt - prolly hundreds of times greater than Iceland's - and then closed the banks to make sure that investors like me could not remove anything ever until the debt was repudiated, there was nary a peep from the MSM.

Even though I and like investors were outright swindled.
Thank you for your reply. - bill

[DuncanWaring]

Eponymous Ping.