Comments on: Maybe I Should Have, aka Follow the Money http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html Thu, 17 May 2012 15:30:33 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: alda http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12771 alda Sun, 24 Jan 2010 11:17:13 +0000 http://icelandweatherreport.com/?p=3308#comment-12771 Oh! I see now that article is by Ben -- I met him for coffee last week. In fact he asked me that question -- and I told him about the study. He was just about to go and meet with the Surgeon General after our meeting, so clearly he got this info straight from the horse's mouth. Oh! I see now that article is by Ben — I met him for coffee last week. In fact he asked me that question — and I told him about the study. He was just about to go and meet with the Surgeon General after our meeting, so clearly he got this info straight from the horse’s mouth.

]]> By: alda http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12770 alda Sun, 24 Jan 2010 11:15:20 +0000 http://icelandweatherreport.com/?p=3308#comment-12770 Andrew - that's interesting, because just a few weeks ago there was another study conducted here that showed that Icelandic children are actually feeling better now than they did in 2007. They felt their parents paid more attention to them and had more time to spend. Conflicting information, in other words. Andrew – that’s interesting, because just a few weeks ago there was another study conducted here that showed that Icelandic children are actually feeling better now than they did in 2007. They felt their parents paid more attention to them and had more time to spend. Conflicting information, in other words.

]]> By: Andrew http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12768 Andrew Sun, 24 Jan 2010 10:57:31 +0000 http://icelandweatherreport.com/?p=3308#comment-12768 These are the sort of films that should get awards! The human angle that is presented is what really makes low-budget films work. Here's an article on the human angle: http://www.guardian.co.uk/world/2010/jan/24/iceland-economic-crisis-family-children "Dr Geir Gunnlaugsson, Iceland's director of public health, has no doubt who was worst affected by the economic crisis that gripped the country 15 months ago – children." "His worries are echoed by others. "It's mostly about their psychological welfare. The children have also asking: What is going on? What do we mean by the 'crisis'? What is going to happen?" said Professor Halldor Guðmundsson from the University of Iceland." ""If no one goes to jail for what happened in this country then you will see it going up in flames," said its manager, Arnor Bohic." These are the sort of films that should get awards! The human angle that is presented is what really makes low-budget films work. Here’s an article on the human angle:

http://www.guardian.co.uk/world/2010/jan/24/iceland-economic-crisis-family-children

“Dr Geir Gunnlaugsson, Iceland’s director of public health, has no doubt who was worst affected by the economic crisis that gripped the country 15 months ago – children.”

“His worries are echoed by others. “It’s mostly about their psychological welfare. The children have also asking: What is going on? What do we mean by the ‘crisis’? What is going to happen?” said Professor Halldor Guðmundsson from the University of Iceland.”

“”If no one goes to jail for what happened in this country then you will see it going up in flames,” said its manager, Arnor Bohic.”

]]> By: alda http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12760 alda Sat, 23 Jan 2010 23:01:24 +0000 http://icelandweatherreport.com/?p=3308#comment-12760 Don't tempt me, Kevin! ;) As for Canada -- been there, done that, got the T-shirt. Don’t tempt me, Kevin! ;)

As for Canada — been there, done that, got the T-shirt.

]]> By: kevin o'connor waterford Ireland http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12759 kevin o'connor waterford Ireland Sat, 23 Jan 2010 21:49:33 +0000 http://icelandweatherreport.com/?p=3308#comment-12759 @pauline its a swedish bay,google piratebay and bitttorrent programs such as microtorrent nudge,wink :), The link to Tammy was a play on Sometimes its hard being an Icelander to Alda. Maybe one day she will have blog entry entitled "This Place is too much I give up" ha ha. @pauline its a swedish bay,google piratebay and bitttorrent programs such as microtorrent nudge,wink :) , The link to Tammy was a play on Sometimes its hard being an Icelander to Alda. Maybe one day she will have blog entry entitled “This Place is too much I give up” ha ha.

]]> By: Goupil http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12755 Goupil Sat, 23 Jan 2010 16:10:23 +0000 http://icelandweatherreport.com/?p=3308#comment-12755 Sorry I meant: to those who abide to the economic doxa Yours, Christian Sorry I meant: to those who abide to the economic doxa
Yours,
Christian

]]> By: Goupil http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12754 Goupil Sat, 23 Jan 2010 16:05:24 +0000 http://icelandweatherreport.com/?p=3308#comment-12754 Thank you very much for your blog May I suggest this link to an analysis of the punishment inflicted to those who disgress from the narrow path of liberal free exchange economic dictat. http://www.guardian.co.uk/commentisfree/cifamerica/2010/jan/15/latvia-economy-eu-imf Thank you very much for your blog
May I suggest this link to an analysis of the punishment inflicted to those who disgress from the narrow path of liberal free exchange economic dictat.
http://www.guardian.co.uk/commentisfree/cifamerica/2010/jan/15/latvia-economy-eu-imf

]]> By: Pauline McCarthy http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12753 Pauline McCarthy Sat, 23 Jan 2010 16:03:59 +0000 http://icelandweatherreport.com/?p=3308#comment-12753 Kevin, forgive my ignorance, what is this "bay" you are referring to? I clicked your link and got Tammy Wynette singing "Stand by your Man!" I am lost on innuendo and sarcasm. What am I missing? Sorry for being such a numtyheid, please explain to this fellow Celt, who is not so technologically savvy. LoVe Pauline Kevin, forgive my ignorance, what is this “bay” you are referring to?
I clicked your link and got Tammy Wynette singing “Stand by your Man!”
I am lost on innuendo and sarcasm. What am I missing?

Sorry for being such a numtyheid, please explain to this fellow Celt, who is not so technologically savvy.

LoVe Pauline

]]> By: Nigel Goddard http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12752 Nigel Goddard Sat, 23 Jan 2010 15:44:29 +0000 http://icelandweatherreport.com/?p=3308#comment-12752 It's pretty simple to explain, in the round, where all that money went, although the details are no doubt fiendish (as Eva Joly et al know). Here's how it worked: Bank takes in deposit, then lends it out to someone/somecorp (sometimes its own directors, friends, paid-for pols, etc), who spends it on things (stuff, investments, etc). Then that person/corp can't pay it back. So bank gets to seize assets. What are the assets? Well, they are mostly things like a betting slip that says if X financial event happens then you will get paid Y (i.e., the financial "products" the financial whizkids dreamed up, e.g., CDS). Turns out that betting slip is now worth just a fraction of what was paid for it by the person/corp who borrowed the money from the bank. So the bank can't get much of its money back by selling the asset. Essentially, the money disappeared into the vast pay/profits of the finance industry which sold the betting slip. Unless the bank can prove fraud or suchlike by the seller of the betting slip, the bank (and its investors/depositors) has lost big time. It’s pretty simple to explain, in the round, where all that money went, although the details are no doubt fiendish (as Eva Joly et al know). Here’s how it worked:

Bank takes in deposit, then lends it out to someone/somecorp (sometimes its own directors, friends, paid-for pols, etc), who spends it on things (stuff, investments, etc). Then that person/corp can’t pay it back. So bank gets to seize assets. What are the assets? Well, they are mostly things like a betting slip that says if X financial event happens then you will get paid Y (i.e., the financial “products” the financial whizkids dreamed up, e.g., CDS). Turns out that betting slip is now worth just a fraction of what was paid for it by the person/corp who borrowed the money from the bank. So the bank can’t get much of its money back by selling the asset. Essentially, the money disappeared into the vast pay/profits of the finance industry which sold the betting slip. Unless the bank can prove fraud or suchlike by the seller of the betting slip, the bank (and its investors/depositors) has lost big time.

]]> By: sylvia hikins http://icelandweatherreport.com/2010/01/maybe-i-should-have-aka-follow-the-money.html/comment-page-1#comment-12749 sylvia hikins Sat, 23 Jan 2010 13:30:36 +0000 http://icelandweatherreport.com/?p=3308#comment-12749 Thanks Kevin. Actually, in Liverpool there is a strong Scandinavian community who have a centre and often show Icelandic films. But I hope your suggestion gets taken up. sylvia from viking wirral Thanks Kevin. Actually, in Liverpool there is a strong Scandinavian community who have a centre and often show Icelandic films. But I hope your suggestion gets taken up.
sylvia from viking wirral

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