So, Íslandsbanki, nee Glitnir, has appointed a new chairman of the board.
He is Jón Sigurðsson, former chairman of the board of the Financial Supervisory Authority.
As some of you may remember, the FSA was supposed to regulate the banks and keep them from growing so big that their collapse would spell disaster for the entire country.
Which it failed to do.
Welcome to the New Iceland.
UPDATE: A few weeks after this was announced, Jón Sigurðsson decided to refuse the seat on the Íslandsbanki board. Hm. Could it be because he’s thought to be one of those under investigation by the parliamentary committee looking into the collapse?
ON A BRIGHTER NOTE, WE HAVE SNOW
Our Christmas snow has finally arrived here in the capital. Everything is covered in a thick layer of white and it sure looks pretty out there. Meanwhile, the frost is set to intensify, as if it wasn’t cold enough already around here. Right now it is -3°C [27F] and the sun came up at 11.22 and will set this afternoon at 3.36.