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Jon Danielsson

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

Iris Erlingsdottir | Posted 05.25.2011 | World
Read More: Joseph Welch, Con Keating, Bankruptcy, Iceland Economic Crisis, Scarlett O'Hara, Icesave, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, World News, Iceland Banks, Rhett Butler, Goldman Sachs, Jon Danielsson, Iceland Economy, Goldman Sachs Bonuses, Joseph McCarthy, Iceland National Bankruptcy, Iceland Financial Crisis, Iceland Bank Crisis, World News
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.

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Moral Hazard in Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
Read More: Corruption, Icesave, Con Keating, Moral-Hazard, Iceland Economy, Iceland, Iceland Financial Crisis, Iceland Bank Crisis, Iceland Banks, David Oddsson, Iceland Bankrupt, Iceland Economy Collapse, Geir Haarde, Denmark, World News, Daniel Gross, Iceland Global Economic Crisis, Slate.com, Jon Danielsson, Iceland Economic Crisis, Prime Minister Geir Haarde, Banking Reform, Holland, Iceland National Bankruptcy, Moral Hazard, Thingvellir, Gaap, World News
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.

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