This is taken from The Economic Disaster Area website: This is very good work from them, and simply cant be written better. Here is a direct copy from that site: Since Newsweek was pointing fingers this week with its “Who’s to blame” report, it only makes sense that Icelanders start extending their index... »
Ólafur Ólafsson kept most if his money in Kaupthing Luxembourg, and according too various media outlets, managed to transfer most of it just days before the whole system in Iceland collapsed. He did this by buying up Icelandic government insured bonds. Kaupþing Luxembourg was used to buy bonds on behalf of Ólafur Ólafsson for 40... »
According to Channel 2 news in Iceland, Björgólfur Thor Björgólfsson, Björgólfur Guðmundsson, Karl Wernersson og Magnús Þorsteinsson transferred millions from Björgólfur Thor’s investment bank Straumur to various offshore islands (tax havens) the same day as the announcement the Glitnir would be nationalised. Massive transfers started and two weeks after it started close to one... »
Iceland’s debt just got worse. Nothing new in that sense, but it hits the public very hard. And to think that the Dutch government actually tried to stop Iceland-s application to the EU today, but they did not succeed. The debt got higher, and the amount is 100 billion ISK. This happened when Landsbanki in the... »
This has been known for a long time, but now there are some actual evidence that the bank managers of Glitnir, Kaupthing and Landsbanki transferred a lot of money from their own personal accounts just days before the banks collapsed. According to RUV, the accounting company Ernest & Young has been going over the bank... »
The mafia connection stories keep on surfacing. After Björgólfur Thor and Björgólfur Guðmundsson came back to Iceland and invested in companies and started an empire, a global empire that made Björgólfur Thor the 249th richest man in the world according to Forbes magazine in 2007. His ventures into Bulgaria are interesting. It is a well... »
After this article was published I have been contacted and asked to tell more about the Russian mafia connections to Björgóflur Thor and Björgólfur Guðmundsson. I did some digging, and found some more details on how things where in Russia back in the 90’s when Björgólfur Jr and Sr were there. I have this after... »
After reading some Icelandic blogs over the last few days it seems that some bloggers are starting to avoid the issue of the economic disaster that happened here and is still happening. They admit that openly, and who can blame them when the news and rumours get worse every week, when people think that... »
The general consensus in Iceland is that the Icelandic IceSave negotiation committee has done a serious mistake. So serious that there is no way Iceland can live up to the deal they made. The measurements of ability to pay are compared to the market in 2007 when there was still an upswing and money... »
The Danish newspaper Extrabladet printed at incredible story about Björgólfur Thor and Björgólfur Sr and their exploits in Russia back in October 2005. The Icelandic newschannel NFS (did not live long, is the same as Channel 2 today) and in face the public here in Iceland said that this was just envy and they should... »
