The governors of Iceland’s central bank have failed to meet Prime Minister Johanna Sigurdardottir’s deadline for them to answer her demand to resign.
From the International Herald Tribune
Archive for February 6th, 2009
Who is going to pay his 107 billion ISK overdraft
Published February 6, 2009 Uncategorized 4 Comments
This man managed to get himself a 107 billion ISK overdraft at Kaupthing.
I used to have an overdraft of 600.000 ISK for a couple of years until I paid it up.
I wonder if Robert Tchenguiz will pay his overdraft or if I am going to have to do it for him?
One of the most read news today in the online media is Britney Spears’ possible nervous breakdown.
A flashback to 2006 if you like.
The calm before the storm perhaps? February is here and it has been predicted that March, April and May will be crucial months in the recession. Businesses will be going under, people will lose their jobs etc.
When Baugur has lost its political clout within Landsbankinn what chance do smaller customers have.
On the news last night you could see some Grapes of Wrath being sown. A lady who had lost her income because she was self-employed lost her house to Glitnir bank, owing 14+ million ISK. The bank was the highest bidder in the bankrupcy auction and got the house for 1 million ISK. These kinds of houses probably went for 20-25 million last year.
It’s been freezing this week. Minus 9-11 celcius yesterday. I met a friend whose work has been cut 50%. His stance was typical of so many others around the age of 30. “I can get clean water, fresh air and Bjork’s latest CD elsewhere. Why not just move to Canada? Norway? There is little in the way of crime there. There is nothing that makes this country that special except for the torturing effect of never-ending inflation and exorbitant interest-rates. Or I could move somewhere sunny. At least I’d have the sun.”
