Comments on: Roubles to Reykjavik: Moscow money leaves lessons to be learned

By: Knowless

Knowless — Mon, 03 Nov 2008 23:35:56 +0000

Brown isn’t doing too well with his seize and sell for scrap methods.
On Bradford & Bingley “The gov. has confiscated 1.5 billion pounds in assets”
but doesn’t actually know what small % will be realised.

“with many of the one million B&B mortgages left with the Treasury. As a result, taxpayers are likely to be left holding the mortgages most likely to default from the £40 billion portfolio”

“The Bradford and Bingley mortgage book is a lower quality book of mortgages, it is a worse asset than Northern Rock,” said Charlie Parker, of Citywire.

The Government will have to pump more capital into Northern Rock and Bradford Bingley to reflect worsening conditions in the housing market senior bankers believe.
Add in to the mix.
HBOS takes a £5.2bn hit

By: Peter - London

Peter - London — Mon, 03 Nov 2008 22:03:40 +0000

>>What Gorden Brown did was also uncalled for and did do a lot of damage.

What he did was quite legitimately and legally stopped Icelandic banks from operating in the UK. Those banks don’t even have 15% assets to cover their debts and were unable to roll on their borrowing because the international banking system had them classified as bankrupt.

By: Did You Know

Did You Know — Mon, 03 Nov 2008 19:19:14 +0000

Well the Americans aren’t doing so well either. They are already looking at ‘Stimulus-2?. AIG is also going threw the bailout they recieved and may be at the door of the taxpayer again in the near future. Considering the problem started with them and spread around the world Iceland may do better then them. What Gorden Brown did was also uncalled for and did do a lot of damage.
Now if I remember correctly a lot of the problems that happened in Russia, were also caused by US Capitalistic ideas. Then again many problems around the world are directly linked to the US. Capitalism implodes on itself time and time again. Not a very efficient way of doing things I am afraid.

By: orchafine

orchafine — Mon, 03 Nov 2008 15:59:45 +0000

You must be joking.

First of all Icelanders reaction are not unique in the world. Indeed, right now, politicians are trying to set a world meeting about the financial crisis. Sarkozy was the pioneer of this, and for the first time in history we will have Chinese authorities giving their thoughts with helpless westernized capitalism.

Second, Russia development was due in big part by legitimate mafia, which, own today’s most part of energy resources. Bjorgolfsson, outside of Iceland, is known to be a poppet. Many Medias (Reuters, Le Monde) comment on his business relations with unclear organizations to clean some suspected money. The future will say.

Third, I saw this interview, and you can’t possibly think or believe that a business man isn’t trying to simply sale you another product. Of course he was calm and explaining is way out, that’s job!
I say lets leave it to the Justice and international organizations to decide the true in this.

By: from SPAIN

from SPAIN — Mon, 03 Nov 2008 15:36:02 +0000

I think, this gentleman forgets some things:

Russia is biggest country, with inexhaustible natural resources, whose terrible crisis correct enormous oil sales and natural wealth. Does Iceland have those natural resources? Does Iceland have crude to secure enormous dollars, euro, pound, yen amounts? Does Iceland have decisions, influences in any corner of the world? I think, this gentleman forgets many things: much money changed his head!

By the way, wild things comes with dramatic days: Icelanders lives days of darkness because wild decisions.

By: Alan

Alan — Mon, 03 Nov 2008 14:14:26 +0000

Well said Bjorgolfur
finaly some positive talk that poeple need to start listening to, time to switch off the news and start getting back to the true Icelandic spirit, Even though im not a native i lived there for 20 years and i really love the Icelanders way of thinking, Iceland can become so much stronger in the near future and can teach the world many things