Apropos the last post, it now transpires that the mere dividends that the two Björgólfurs received from their ownership of Landsbanki were actually HIGHER than the loan they would now like to have written off. The loan they took to be able to buy the bank.
In other words, they milked out of the bank more money than they still owed in it.
How f*cking insane is that??
Why didn’t they pay off their goddamn loan before they went off on their greedy spending spree buying private jets and telecommunications companies in Bulgaria and West f*cking Ham in the UK, plus their sundry of other toys and businesses???
On top of all that, it has come to light that the head of the loans department of Búnaðarbanki [now called Kaupthing], which loaned them the money to buy Landsbanki, was one Sigurjón Þ. Árnason, who was promptly made CEO of Landsbanki under its new owners. Argh!!
Incidentally, Sigurjón Þ. Árnason was the mastermind behind the Icesave accounts, which now look set to drive this country to the brink of bankruptcy and which must without a doubt be the most awful, mind-draining, soul-crushing matter that this nation has had to deal with in manymany centuries. The awful situation we’re in – faced with an agreement that we can neither accept nor deny, because acceptance can mean setting this country back many decades, and denial can mean our complete isolation from the global community.
Seriously, sometimes I just think this can’t be happening, it has to be a joke. I think I’m going to wake up and the Björgólfurs are still the responsible, astute businessmen they purported to be, instead of the scheming crooks they’re turning out to be. And Sigurjón Þ. Árnason is still running Landsbanki, and not a fricking lecturer at Reykjavík University.
AT LEAST WE’VE HAD A GREAT DAY
After days on end without any sunshine, we finally had blue skies today and blazing sunshine. Such days are so few and far between here that there’s nothing to do but make the most of them. In other words, YT closed up shop due to weather [plus it was Friday afternoon and I had nothing pressing – the joys of being my own boss] and headed to the pool with AAH and her friend Agnes. EPI joined us about an hour later. We flaked out there in the sun along with all the other slackers, before slouching off to the store around six and fetching something we could thrown on the barbecue. Right now 13°C [55F]. Sunrise was at 3.26 and sunset due for 11.38.