Comments on: The more things change, the more they stay the same, Vol. 2000-and-something

By: Joerg

Joerg — Tue, 29 Dec 2009 22:21:18 +0000

The appointment of Jón Sigurðsson as chairman of the board of Íslandsbanki has a particularly negative connotation after reading the following brochure of Landsbanki from 2008 with the title “Icesave launched in the Netherlands”:

http://silfuregils.eyjan.is/wp-content/uploads/2009/01/landsbanki-islands.pdf

In this brochure Jón Sigurðsson is endorsing this venture with the headline “Finances of the Icelandic banks are basically sound”.

Which shows, that Jón Sigurðsson not only failed to supervise the banks properly, he even acted as a poster boy for this doomed venture.

How can somebody like him be trusted with such a responsible job now? And all that before an investigation has been made about the responsibility of the FMA for the crash. Isn’t this a premature acquittal without a proper trial? I just don’t get it.

By: Joerg

Joerg — Tue, 29 Dec 2009 07:07:28 +0000

At least, they didn’t return Íslandsbanki to Jón Ásgeir Jóhannsson – dusted off and free of debt – to start all over again.

One might argue, that the FSA didn’t have the ressources and political backing to do proper supervision. But it would be surprising, if there weren’t any new faces available to do this job.

When will they hand over New Landsbanki to Davið Oddsson?

By: BRADSTREET

BRADSTREET — Mon, 28 Dec 2009 20:21:06 +0000

Meet the new Boss;
Same as the old Boss.

The Who: Won’t get fooled again.

By: Knute Rife

Knute Rife — Mon, 28 Dec 2009 17:07:44 +0000

Meet the new stooge. Same as the old stooge.

By: James

James — Mon, 28 Dec 2009 13:24:57 +0000

Gamekeeper turned poacher…