Posted
8:44 AM
by Gene
Now we are forced to pay attention to
Iceland, of all places, because its banks went on a buying binge,
and they bought properties in England, and one ran
a popular Internet bank there, and
the country's financial "assets" are nine times its GDP, and it got caught up in the panic like everyone else, and
Russia's extended it a loan to stabilize its currency. A lot of bankers do seem to want to burn money, don't they.