Posts tagged as:

Kaupthing loan book

Like a bomb waiting to go off. Tick tick.

August 25, 2009

I must admit that I was a TAD surprised to see old Lýður Guðmundsson at the gym today. For those that don’t know, Lýður Guðmundsson is one of the former owners of Kaupthing bank. Remember that Kaupthing loan book leak on WikiLeaks? The one that exposed the billions of ISK in unsecured loans to a [...]

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A conspiracy theory cooked in the hot pot

August 9, 2009

As many of you will know, the hot pots [or tubs] in Icelandic swimming pools serve pretty much the same function as the pub does in Britain, or the café in France … it’s where people gather together to socialize and discuss current affairs and matters of national importance. This evening I read a pretty [...]

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UK’s Serious Fraud Office investigates Kaupthing’s loan book

August 4, 2009

Oh, man. Old Kaupthing bank has really f*cked itself over by attempting to cover up that leak this past weekend and getting that gag order placed on RÚV. I wonder if the matter had received half the attention it has if they’d just quietly looked the other way, waiting for it to blow over. It [...]

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