Archive for March, 2009

A deal was proposed to give people who had broken the law, in connection to the financial collapse here in Iceland, a chance to redeem themselves up to a point, by giving them immunity or drop charges for any wrong doings if they disclosed information about other serious crimes in the same field. Rat... »

Styrmir Gunnarsson the former editor of Morgunbladid newspaper, and a close ally of David Oddsson retired only a few months ago after 30 years as editor. His first job was to sprearhead the Independence party propaganda department. He is all of a sudden one of their main spokesmen both officially or unofficially. His latest... »

To clarify the IMF issue: It is simple, Iceland has lost its financial independence, like it or not. And therefor they can up to a point direct certain local affairs. After all they control the money. We at Nestor Media may not agree with the IMF or its actions, but the fact still remains that... »

According to Thorsteinn Palsson, the editor of Frettablad newspaper and a former leader of the Independence party, claims that the IMF has its business in internal political affairs when it decided with the Central Bank to take over some of the Savings banks. The Savings banks claim that short term obligations had almost been... »

Snæfellsbær town council made a big long term contract with the a company called Iceland Glacier Products, who want to open up a water bottle plant in the small town of Rif. The contract is an exclusive rights to use water from undern the Snaefellsjokull glacier for the next 95 years. The company IGP is... »

According to the European committee of the Independence party here in Iceland, who has been against the Euro and the EU for years, as reported earlier here on the Nestor Media Information blogsite now want to adopt the Euro unilaterally. Or so it seems at first. According to various media sources, a report from this... »

The Icelandic bank and financial collapse gets worse and worse according to Egill Helgason, journalist and political talk show host. He asks why noting was done after the Central Bank got the report by London School of Economics professor Willem Buitier. See article in the Financial Times here. In the report orignally made for... »

Finance minister Gylfi Magnusson said, when asked weather Icelandic bank managers acted in similar fashion as the Enron direcotors, “Of course did those men fool themselves up to a point, and others at the same time aswell.”. Magnusson said that some of the actions of the bankers would be dealt with in a criminal... »

Eva Joly will be an adviser to the Icelandic government when it comes to finally tackling the white collar criminal activity that put Iceland on the brink of bankruptcy. It was announced today that the special prosecutor for the government will get at least 16 people to work for him, and a few more... »

What is really going on, how much do we owe the world after personal abuse of only a few men? This is what the IMF is trying to find out along side the Icelandic government.  The government will send the findings to the IMF as a part of the package that will be presented on... »