Icelandic citizens say no to paying off debts from private bankers.

[Locke]

Well, if they knew that there would some consequence, any consequence then maybe we can avoid this happening again.

[Slava]

Originally Posted by Thor

So after 2 referendums, lots of scaremongering from politicians, bankers, moody's, the UK, Holland, and so forth...

Landsbanki (national bank of Iceland) declared today after evaluating all its assests, it has plenty to cover the debts of Icesave bank.

So what's become really clear today to all of us is that many in government and banking knew they could cover the debts but tried 2 times instead to force the debts onto the people, basically throwing down about $45,000 CAD on to every man/woman/child in the country.

http://grapevine.is/News/ReadArticle...-Cover-Icesave

Just asking (because maybe you know and I don't really have the inclincation to go searching), but do the banks now have the assets to cover everything because things have stabilized?

Maybe over the past couple of years some of the assets that they can use today are better valued and things like that so they can do this. I guess that would imply giving the benefit of the doubt to politicians and bankers, which I know most are loathe to do!

[Flames Fan, Ph.D.]

Originally Posted by Thor

So after 2 referendums, lots of scaremongering from politicians, bankers, moody's, the UK, Holland, and so forth...

Landsbanki (national bank of Iceland) declared today after evaluating all its assests, it has plenty to cover the debts of Icesave bank.

So what's become really clear today to all of us is that many in government and banking knew they could cover the debts but tried 2 times instead to force the debts onto the people, basically throwing down about $45,000 CAD on to every man/woman/child in the country.

http://grapevine.is/News/ReadArticle...-Cover-Icesave

At least Iceland had the balls, in the end, to tell the debt-owners to take a hike.

Although their motives were somewhat suspect, they didn't bend over each citizen three times over like Ireland has done.

[Vulcan]

Originally Posted by Thor

So after 2 referendums, lots of scaremongering from politicians, bankers, moody's, the UK, Holland, and so forth...

Landsbanki (national bank of Iceland) declared today after evaluating all its assests, it has plenty to cover the debts of Icesave bank.

So what's become really clear today to all of us is that many in government and banking knew they could cover the debts but tried 2 times instead to force the debts onto the people, basically throwing down about $45,000 CAD on to every man/woman/child in the country.

http://grapevine.is/News/ReadArticle...-Cover-Icesave

Well I guess sometimes, there really are conspiracies.

[mikey_the_redneck]

Iceland hasn't gotten alot of media attention lately....

....probably because the bankers don't want the word to get out that you can tell them to stuff it, throw them in jail and start over again without hardcore austerity.

Greece, Spain, Portugal, Ireland and France would be smart to follow Iceland's example and get themselves out from underneath that banker debt so their national assets aren't privately plundered.

[Thor]

Originally Posted by Slava

Just asking (because maybe you know and I don't really have the inclincation to go searching), but do the banks now have the assets to cover everything because things have stabilized?

Maybe over the past couple of years some of the assets that they can use today are better valued and things like that so they can do this. I guess that would imply giving the benefit of the doubt to politicians and bankers, which I know most are loathe to do!

Even before the 1st referendum there was a whisper of the national bank being able to cover the debts of Icesave, but those quickly were drowned out by fear mongering. You have to understand the media here is really slanted to support the ruling party, even with the current party which is supposed to be fighting for us not with the banks; the media still managed to turn the talk more towards, "must honor our debts, our international reputation is at stake, no one will want to do business with us if we don't pay" etc...

The stabalization for sure helps, but we're talking they had only needed 670 billion krowns, and now are saying they have assets valued at 1.3 trillion. So it wasn't even close, they could have avoided for sure the 2nd referendum which was MUCH closer and very hotly contested by both sides which has left a lot of division amongst people.

Facebook was a battleground for the debate and lots of people ended friendships over this debate, all for nothing since the bank could in the end easily pay the debt with out putting it all onto its citizens.

So today is a great day for those of us who voted No! But its still bittersweet, since it didn't need to be this ugly.

[Flash Walken]

I love this thread and I love Iceland.

[Locke]

Originally Posted by Flames Fan, Ph.D.

At least Iceland had the balls, in the end, to tell the debt-owners to take a hike.

Although their motives were somewhat suspect, they didn't bend over each citizen three times over like Ireland has done.

Wholeheartedly agree.

[Iowa_Flames_Fan]

Originally Posted by Thor

So after 2 referendums, lots of scaremongering from politicians, bankers, moody's, the UK, Holland, and so forth...

Landsbanki (national bank of Iceland) declared today after evaluating all its assests, it has plenty to cover the debts of Icesave bank.

So what's become really clear today to all of us is that many in government and banking knew they could cover the debts but tried 2 times instead to force the debts onto the people, basically throwing down about $45,000 CAD on to every man/woman/child in the country.

http://grapevine.is/News/ReadArticle...-Cover-Icesave

[Shasta Beast]

Iceland is boss.