Comments on: Kaupthing to take stake in Iceland’s Hagar retail empire

By: New Icelandic supermarket brings politics to the high street | IceNews - Daily News

Sun, 15 Nov 2009 09:36:23 +0000

[...] up taking over the entire business if Johannesson and his partners cannot secure new finance. Click here to read about the [...]

By: Mike the Swiss

Mike the Swiss — Tue, 03 Nov 2009 18:12:02 +0000

can anyone tell me what is teh way out you all see for your country. I mean, what’s the way ahead? small economy, irrelevant international weight, discredited businessmen, far far away.
I truly believe there must be something to do.
where can I have information about national (icelandic) industry?
Ok, hope someone could answer.
Best
Mike the swiss

By: Bromley86

Bromley86 — Tue, 03 Nov 2009 11:05:58 +0000

By: Tim66

Tim66 — Mon, 02 Nov 2009 14:54:31 +0000

“Jon Asgeir Johannesson and other investors will be allowed to keep 60 percent by investing ISK 7 billion”

Another bullet loan? Or is this one of the previous bullet loans?

By: Jim

Jim — Mon, 02 Nov 2009 13:18:40 +0000

Less transparent than mud-coloured treacle covered in coal dust. Dodgy, dodgy, dodgy. I wonder if it is illegal under EU/EEA law for the foreign creditors to be treated like that. Wait for the legals complaints to be filed to find out…

By: Bromley86

Bromley86 — Mon, 02 Nov 2009 12:52:59 +0000

I was reminded of the phrase “skítt-með-útlendingana” when I read this :) . Translated by Bjarni over here:
http://www.icenews.is/index.php/2009/09/24/david-oddsson-becomes-newspaper-editor/#comment-94576

Seriously, I have no problem with dumping on foreigners. It’s a valid strategy, although not one withput risk as Gray notes.

Just do it to benefit the banks (and hence the taxpayer) or the government (and hence the taxpayer) and not the same bu**ers who got you into the mess.

By: Balkanson

Balkanson — Mon, 02 Nov 2009 12:07:00 +0000

The dirty games full steam ahead.

By: Gray, Germany

Gray, Germany — Mon, 02 Nov 2009 10:38:10 +0000

“Foreign creditors will most likely bear the brunt of the ensuing multi-billion krona losses.”
What else is news? Once again, Iceland’s banks engage in a shady deal that favors a wealthy icelander, while investors abroad are defrauded. Folks, you may think this is a great idea, that it’s better to keep this business in the hands of a countryman, even if he’s somewhat of a crook, but in reality, this is just another signal to investors: Stay away from Iceland, the Vikings can’t be trusted! And this will hurt your economy tremendously in the next decades. Well, those who won’t listen wil have to learn it the hard way.

By: Bromley86

Bromley86 — Mon, 02 Nov 2009 10:26:40 +0000

I still don’t understand why any debt is forgiven. Why not just take possession of 100% of the company?

With all the current talk of private profits, public losses and of the architects of the kreppa not being punished, this should be a big issue.