Search On This Site

Custom Search


It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever
Subscribe via RSS



Contact Information: 
Submit: articles [ at ] investmentwatchblog [dot] com 
Advertising: ads [ at ] investmentwatchblog [dot] com 
General: admin [ at ] investmentwatchblog [dot] com

Iceland President At Davos: ‘Why Do We Treat Banks Like Holy Churches? It’s Time To Stop The Bailouts And Let Them Go Bankrupt!’


How Iceland overthrew the banks.

Liz Claman interviews Iceland President Olaf Grimsson at Davos.

“We didn’t follow the traditional prevailing orthodoxies.  Unlike the U.S. and EU, we forced bank bondholders to take losses.  And the end result four years later is that Iceland is enjoying progress and recovery.  Europe should let banks that are managed irresponsibly go bankrupt.”

Meanwhile earlier today:

Iceland Wins Court Ruling Over Icesave Bank Repayments To Britain, Netherlands…

Here’s a great story from Bloomberg:

IMF Declares Iceland Did Bailouts The Right Way, By Punishing Banks Bondholders

http://dailybail.com/home/iceland-president-at-davos-why-do-we-treat-banks-like-holy-c.html

37 Total Views 1 Views Today
Did you already share this? No? Share it now: