Time’s 25 people to blame for the financial crisis: David Oddson

Still think David Oddson is the prophet who foresaw everything and tried to sound the alarm bells? 

Here is what Time has to say: 

Over the two decades in which David Oddsson held public office, first as Iceland’s Prime Minister and then as the governor of the central bank, he ushered in a new era of free market economics, privatizing Iceland’s three main banks, floating its currency and ushering in a golden age of entrepreneurship. Whoops. Iceland’s economy instead is a textbook case of macroeconomic meltdown: The three banks, which were massively leveraged, are in receivership, GDP could drop by 10% this year, and the IMF has stepped in after the currency has lost more than half of its value. Nice experiment.

Note: When I last checked Jon Asgeir Johannesson was not a controlling stakeholder in Time.Inc. 

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