Hook Line and Sunk - Iceland

[Thor]

I know theres a number of you interested in what happened in Iceland, here's a great documentary (30 mins) on what exactly happened there and the uprising afterwards. Plus hot Icelandic women.

[Jedi Ninja]

In your defense, it gets very dark in Iceland in the winter.

[Rerun]

Originally Posted by Thor

I know theres a number of you interested in what happened in Iceland, here's a great documentary (30 mins) on what exactly happened there and the uprising afterwards. Plus hot Icelandic women.

Something happened in Iceland? What? I don't have time to watch the documentary.

[Kybosh]

Originally Posted by Rerun

Something happened in Iceland? What? I don't have time to watch the documentary.

Complete economic crash. I think all of their banks went under.

[Thor]

lol Jedi, priceless.

Rerun Iceland was first to fall when wallstreet and the derivatives market fell apart. 3 banks were taken over by the government, 2 of the subsiquently were shut down and the other is now nationalized.

Basically a small number of investment bankers bought companies like crazy in EU while leveraging the small economy of Iceland against it. The bets were called in when the crash came and such a tiny country couldn't handle it, those 20 or more bankers are now all out of the country and many of them in hiding.