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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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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