Monday, October 6, 2008
The Icelandic Viking Hedge Fund Economy Sinking Fast
Icelandic government battles to save the economy
Iceland (population a mere 300,000) sees the government take over housing loans held by the banks and put them in a government housing fund and guarantee all of the domestic deposits in Icelandic savings accounts as their currency plunges and inflation rockets.
Posted by enuii @ 08:23 PM (564 views)
2 thoughts on “The Icelandic Viking Hedge Fund Economy Sinking Fast”
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yoyo1 says:
They,ll be alright. There’s plenty more fish in the sea.
paul says:
Umm, I’ve just watched Newsnight and one of the issues they very carefully skirted around is the rather inconvenient fact that your money is now safer just about anywhere apart from the UK.
You won’t see that anywhere in print either …