Archive for August, 2009

I just saw a fantastic article on the EconomicDisasterArea website. I reminded me of a scene from Forrest Gump. When Gump talks about the war in Vietnam, but the microphone is turned off and nobody can hear him. Here is what that speech was about if it would have been about the Icelandic economy,... »

Sigmundur Ernir Rúnarsson the former news anchor and TV show host was fired from Channel Two a few months ago because he and others did not fit into the new owner’s plans. Baugur had their fingers in this mess. He then got the brilliant idea to use his public persona to get into the... »

Lýður Guðmundsson the CEO of Exista, the more or less bankrupt mess of a company does not see any reason to apologise to the public about the way he has treated them and the nation of Iceland with his behaviour as a reckless investor. His part in the collapse is great, similar to the... »

Rumours aside, the serious issue is what is our sources say is happening inside old Kaupthing Luxembourg now Banque Havilland. There is fear within the bank and strange things have taken place that need to be looked at. Questions have been raised over this all over the financial sector in Iceland and other places.... »

The internal politics within Kaupthing Luxembourg (Banque Havilland) are strange. There have been rumours about the connections between the old bank and the new one for a long time now. When Blackfish Capital bought the bank Hreiðar Már Sigurðsson, the old boss of Kaupþing (the conglomerate) moved to Luxembourg to open the Luxembourg office... »

What is happening with Kaupthing Luxembourg? The sale of Kaupthing Luxembourg is a very interesting event for various reasons. First one is the media silence in Iceland. Only one article has been published about it, and again it was Sigrún Davíðsdóttir from RUV who did it. Some media outlets published the press release, but no... »

FME (The Financial Supervisory Authority) now run by Gunnar Andersen started to clean up the Glitnir solvency committee in early August by telling Kristjan Óskarsson that his services where no longer needed. The official story was that his expertise was no longer needed, the general consensus within the financial sector is that it was... »

I have it confirmed from reliable sources that this is indeed a real Kaupthing video. It is not a fake as some have suggested. It looks a bit amateurish, but it is certainly for real. It was first shown in October 2005 in the French city of Nice, at a meeting of the senior management team.... »

This video is from with in Kaupthing back in 2006 or 2007 when the bank was flying high on its own delusion Let the delusion of grandeur speek for itself. What is Kaupthinking??? »

Auður Capital is a financial company founded by women. This is from their website: “Audur Capital is a financial services provider, unlike any other you may know. Our company is founded by women with a vision to incorporate feminine values into the world of finance. We are on a mission to unlock and create new... »