Iceland is known for two things. Volcanic stuff, and crazy bankers.
I think I'm the first to connect the two.
At one time the lagoon was a peaceful place for nice people to bathe in
thermal baths, even when it's -60 outside.
Then, one party got into government and they had some rich buddies.
They thought that they would let the bankers loose.
(or its national GDP)
on stupid pranks like the Tchenguiz boys in London, below.
LOOK OUT! BEHIND YOU,
IT'S THE KAUP THING!
everybody and everything in sight.
The brave British and Dutch governments (Dutch courage), have decided to slay this monster.
But they're demanding the Knights' Privilege, which goes back to medieval times.
The Icelanders told them to go 'ficken-dicken yer dottir'
Britain and the Dutch lost money to these banks, and they want it back.
They can't understand that the banks were private enterprises. Fl^**(kin' communists!
So, they are using the IMF to force them. They keep forcing the Iceland Parliament
to vote to give them their money. It's basically embezzlement, but legal, if the Icers go for it.
The parliament passed it twice, but the president has sent it back to the people
in a referendum. The first time it was shot down by 99%. The next vote is coming soon.
In a related story of financial high-wire:
So it should stop complaining. The Kaup Thing wants the brothers to pay back the money they owe, that is, before the rest of the Kaup Thing board goes to jail. They're having difficulty because the London real estate market has tanked.
The Bros Tchenguiz were real-estate speculators that used BILLIONS from the Kaup Thing.
They knew that, those two groups, KaupThing and the Tchenguiz clan, were so far up each others' butts that they didn't have to ask one another what they had for lunch.
They knew that if one failed, the other would fail.
Iceland will have another referendum and stick Holland's and Britain's blackmail down their throats.
p.s. I played against Iceland, on the ice, and we won, back in 1999.
checkitout: 3 things
by the way, the US gov petitioned Twitter to get info on her, on behalf of the Zombie Bankers, of course.
How Kaupthing's dance of debt with Tchenguiz brothers ended in £2bn ruin
At one point Kaupthing loans to the ill-fated Tchenguiz property empire were equivalent to more than half of the bank's capital base. Now each side blames the other for the collapse
o Simon Bowers
o guardian.co.uk, Monday 14 February 2011 21.08
Surprising as it may seem, Mayfair's most flamboyant and aggressive property barons, Robert and Vincent Tchenguiz, are still standing. Despite seeing more than £2bn of investments come crashing down around them in recent years, the brothers appear comfortably solvent, enjoying all the trappings of the super-rich. Vincent's 40-metre luxury yacht Veni, Vidi, Vici, is still afloat off the Riviera, as is his younger brother's 45-metre My Little Violet.
This week it emerged that shares in the sprawling property maintenance and ground rents empire overseen by Vincent Tchenguiz are now in the hands of receivers appointed by Kaupthing. The brothers were among the failed Icelandic bank's largest clients before its spectacular collapse in 2008, with combined borrowings equivalent to 55% of its capital base.
The loss of shares in the complex property empire is the first sign that the brothers' close relationship with the ill-fated bank has badly damaged investments linked not just to Robert but also to Vincent. Through the Tchenguiz Family Trust (TFT), Vincent has launched a rearguard court battle against Kaupthing's liquidators, claiming £600m in damages.
He was forced to surrender shares in his property empire two years ago after pledging them months earlier as collateral in an attempt to stop Kaupthing calling in a troubled loan of £1.8bn from Robert. But his efforts failed and the loan fell further into negative equity before it was called in as the bank itself sank into administration in October 2008. Vincent claims he was duped.
Shares in his property empire are just the latest Tchenguiz assets forfeited to the Kaupthing liquidators. Other investments seized when Robert could not meet repayment demands included a 10% stake in J Sainsbury, 27% of the pub group Mitchells & Butlers, a major interest in Lara Croft console games publisher Sci Entertainment and smaller stakes in the brewers Greene King and Marston's.
Icelandic MP fights US demand for her Twitter account details
Birgitta Jonsdottir brands efforts by US justice department to access her private information 'completely unacceptable'
* Dominic Rushe in New York
* The Guardian, Saturday 8 January 2011
A member of parliament in Iceland who is also a former WikiLeaks volunteer says the US justice department has ordered Twitter to hand over her private messages.
Birgitta Jonsdottir, an MP for the Movement in Iceland, said last night on Twitter that the "USA government wants to know about all my tweets and more since november 1st 2009. Do they realize I am a member of parliament in Iceland?"
She said she was starting a legal fight to stop the US getting hold of her messages, after being told by Twitter that a subpoena had been issued. She wrote: "department of justice are requesting twitter to provide the info – I got 10 days to stop it via legal process before twitter hands it over."
She said the justice department was "just sending a message and of course they are asking for a lot more than just my tweets."
Jonsdottir said she was demanding a meeting with the US ambassador to Iceland. "The justice department has gone completely over the top." She added that the US authorities had requested personal information from Twitter as well as her private messages and that she was now assessing her legal position.....