Davið Oddsson the former PM and the former director of the Central Bank of Iceland was just hired as the editor of Morgunblaðið newspaper. Morgunblaðið has been a pillar of Icelandic media for decades and was until recently the biggest selling and most read newspaper. The newspaper began to slip when the free newspapers came... »
The media in Iceland have been accused of being either stupid or under the control of those who are to blame for the economic collapse. Both explanations seem to be correct. Viðskiptablaðið (the business newspaper) has an interview with Jón Ásgeir Jóhannesson of Baugur as it’s main selling point this week. This interview is not... »
The defensive wars of the guilty ones continue. Magnús Þorsteinsson the former chairman of the board of Eimskip, an Icelandic logistics company, that split up when the part of it was changed into an investment bank. A very logical step when running a freight logistics company to turn it into an investment bank, some might... »
The propaganda defensive wars have begun. Jón Ásgeir Jóhannesson of Baugur has attacked Egill Helgason of the Silfur Egils website / TV show. Egill Helgason is prolific blogger/journalist that is popular in Iceland because of his show and website that has been pressing on the business tycoons that drove the nation into ruin. Jón “Baugur” Ásgeir... »
DV.is reports that Bjarni Ármannsson the former CEO of Glitnir just made a deal with the Glitnir solvency committee, to write off just over 800 million ISK debt belonging to him and his company. Bjarni Ármannsson used the money to buy shares in a Scandinavian real estate holding company. The solvency committee too the company... »
According to Gunnar Tómasson and Icelandic economist and a employee of the IMF for 25 years is very disappointed by the IMF stand towards Iceland. He claims that the IMF has failed Iceland in its effort to restore the nation and that the IMF has been acting on behalf of the British and Dutch... »
Things are going strange for Iceland now, the looming loan-payment strike led by the Household Interest Group could become a reality. The strike is for those who see no reason to pay of those ever increasing loans any more, and for those who cannot pay anymore. It is not the people who are failing,... »
There have been so many issues that needed to be exposed, and this site has done its part in that. To be able to fulfill that job, a whole group of people who do nothing else than investigate what has happened and what is happening here, is needed. One of the things that is strange... »
When the crisis hit and the banks went bust the loans of the public, who took them to pay for houses, cars and other things people need loans for, went into limbo for a while. The old banks had given people two choices, take the madness of price-indexed loans or foreign currency loans that... »
