Posts tagged as:

Black Report

Two excellent interviews on Silfur Egils

May 3, 2010

Yesterday’s Silfur Egils* was excellent. The two most notable interviews in my opinion were those with Þorvaldur Gylfason, a professor of economics at the University of Iceland, and with William K. Black, an American lawyer and former bank regulator who is an expert in white-collar crime. Þorvaldur Gylfason is a man of strong opinions with [...]

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First resignation on Morgunblaðið over Doddson’s editorial policy

April 30, 2010

Gunnhildur Arna Gunnarsdóttir, one of the news editors of Morgunblaðið, has resigned from the paper as she disagreed with the paper’s handling of the information published in the Black Report. In particular she found fault with the screaming headline on the front page of the paper the day following the publication of the report, and [...]

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On making amends

April 29, 2010

Back in January I wrote a wee post about Iceland’s future economic prospects, in particular the fact that a company called Verne Holding was looking to construct a data centre on the Reykjanes peninsula. The idea of setting up a data centre in Iceland is excellent. Data centres require a lot of cooling, so the [...]

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The secrets of Chapter 19

April 28, 2010

So I get this email today from a translation agency in the UK, desperately searching for translators to work on a “big project” that needs to be completed by next week, Icelandic to English. They’re tight-lipped about what it is [until you agree to sign a contractor agreement] — but it concerned a certain “Chapter [...]

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Black Report: Let the cleansing begin

April 20, 2010

I don’t think I can overstate just how important the publication of the fact-finding report into the bank collapse [aka the Black Report] is for this nation. It’s our own truth commission report, and already it’s causing major waves. Eva Joly, in an interview with DV last weekend, said: … I would like to emphasize [...]

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Black Report, Eruption … we have the T-shirts!!

April 18, 2010

So, last week sure was a crazy week, huh? On Monday the eagerly-awaited Black Report was published to vast critical acclaim. Yet barely did we have the time to wrap our minds around the revelations in the report before Eyjafjallajökull started erupting and all of a sudden practically all of Europe was grounded! So the [...]

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I bash out a piece for The Guardian

April 15, 2010

So, I managed to hammer out a short post for The Grauniad Guardian this morning: The news that an eruption had started in Eyjafjallajökull glacier, south Iceland, and that it was 10-30 times bigger than the eruption that started in a similar location three weeks ago … well, it took a moment to sink in. [...]

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An eruption, a flood, and some shallow apologies

April 15, 2010

What a crazy day it has been! When I got up this morning, the aftermath of the Black Report was still the Issue of the Day. I flipped through Fréttablaðið during breakfast and was pleased to note that they aren’t shying away from the misdemeanors of their owners TOO much. I haven’t seen Morgunblather since [...]

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Mea non culpa

April 14, 2010

It was painful to watch Valgerður Sverrisdóttir, who was Minister of Finance and Industry for the Progressive Party at the time when the banks were privatized, cross-examined on Kastljós this evening. It is now generally agreed that the outrageous corruption that proliferated inside the banks ca. 2002-2008 began with their privatization. As I’ve written about [...]

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Doddsson’s tyranny: a casebook study

April 13, 2010

In late September 2008, Glitnir bank was in serious trouble and turned to the Central Bank for help. Davíð Oddsson was then CB director, and decided to nationalize Glitnir. The Investigative Committee has ruled that, on this specific point [as well as others] Oddsson showed negligence in the line of duty. Indeed, it has been [...]

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