The worst consequence

It is a talk that I have had with many people I know lately. Some who were senior people in big businesses, others who were lower level, and others who did not come near any business at all but have been watching from the outside.

“Maybe we are the idiots. Maybe the ones who profited from the system and those who enabled it are just so much smarter and more clever than us. At least they profited, lived in luxury and will never have to resign or face the music. Maybe we should just follow suit?”

And that is the worst consequence of no-one in the government resigning and the business people being bailed out. Geir Haarde’s and Ingibjorg Solrun’s legacy will be an ugly Iceland where everyone will be out for themselves, and themselves only.

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1 Response to “The worst consequence”


  1. 1 Roy December 19, 2008 at 1:41 pm

    Why hasn´t more been said regarding the president’s expenditures? I was watching a local news program the other night and some of the charges seemed to be excessive unless I was interpreting incorrectly.


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