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Jon Danielsson

The Banks' Bonus Culture: "Have You Left No Sense of decency?"

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

Now that the banks have been stabilized (to some degree) as a result of massive public intervention, the very individuals who have nearly destroyed the country are ready to dance again.

Moral Hazard in Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

What is especially disheartening in Iceland is that, not only did the bankers retain their compensation; they continue to draw salaries in their new positions of authority in the new banks and in the government.