Iceland

The creditors know that the game is up. All they can do is take as much as they can, as long as they can, pay themselves bonuses that are “free” from recapture by public prosecutors, and run to their offshore banking centers.

Voters in Iceland have rejected their government’s attempt to foist on them the costs of bailing out foreign creditors. Should voters in Ireland too?

The Vickers report came out in Britain identifying areas where Britain's banking system needed to alter its regulatory structure. Simon Johnson talked to Bloomberg about this report and banking regulation in general. His view is that first…

The vote reflected widespread belief that government negotiators had not been vigorous in pleading Iceland’s legal case. The situation is reminiscent of World War I’s Inter-Ally war debt tangle. Lloyd George described the negotiations…

A year ago, in March 2010, Iceland’s economy was so small that it did not warrant much attention when 93% of its voters rejected the Social Democratic-Green government’s surrender to demands by Gordon Brown and the Dutch, the European Union…

Systemically Dangerous Institutions – the U.S., Iceland, and Ireland by William K. Black This column was prompted by Thomas Hoenig's December 1, 2010 op ed in the New York Times (“Too Big to Succeed”) warning that we must end banks…

I am still in catch-up mode this morning but I wanted to highlight a few points on the Irish bailout. The first has to do with the European stress tests. If you recall, the two Irish banks tested were Bank of Ireland and Allied Irish…

It seems so if you read the latest from the Financial Times (hat tip Marshall Auerback): Iceland's banking sector is facing a fresh wave of losses after a court ruling raised doubts over the legality of billions of dollars of loans.…

Links of the day Greek wealth finds a home in London | The Guardian Wary of a Bubble at Home, Chinese Diversify by Buying in Singapore - NYTimes.com DIRTY, DANGEROUS & DESTITUTE | NEW YORK IN THE 70s – ALLAN TANNENBAUM « The…

Just yesterday, a Special Investigation Commission report was released in Iceland which criticized the handling of the country's top three banks and the crisis that ensued when they collapsed. Seven top officials were said to have acted…