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Just Shoot Me

Bala, 28, Gordon Gekko in the making, pseudo-intellectual, cynic, bibliophile, obsessive compulsive ranter...

The sad case of Iceland

October 13, 2008

BusinessWeek has a good article on the Iceland bankruptcy.

This Wikipedia Article also gives good information on what went wrong.

For those of us who have read about past bubbles and busts, there is nothing new here. We have all seen this before. When you hand the reins of the economy to people whose ideology makes them believe regulation is a bad word, they are bound to do this kind of things. This has happened before and will happen again.

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posted by Bala, 4:16 PM

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