So the deadline to submit claims in the Kaupthing bank insolvency has just passed, and of course the goons executives who drove the bank into the ground are among those with hefty claims in the estate.
Sigurður Einarsson, one of the bank’s two CEOs [who incidentally was bestowed with the Order of the Falcon by the president a couple of years ago, excuse me while I vomit] is demanding ISK 244 million in unpaid wages.
Meanwhile, a company owned by Ólafur Ólafsson, one of the bank’s main shareholders, is demanding ISK 146 billion.
Fun and games, boys and girls. Fun and games.
IN OTHER NEWS
As a reader alluded to in the comments to the last post, RÚV [state broadcaster] has announced that around 20 people will be laid off today, including quite a number of people from current affairs programme Kastljós, which has done some very good work over the past year or so. It’s a sad state of affairs, but all too common around here these days – unemployment is increasing at a rapid rate and certain sectors seem more vulnerable than others.
Which makes the above claims particularly distasteful.
It’s like what we’ve been saying all along – the kreppa doesn’t just happen overnight, but creeps in steadily and insidiously. And I fear that, if the Icesave bill is rejected in the referendum in March, things are going to get much, much worse than this.