Remember, that bit I did, back in October 2008 about Iceland going bankrupt and The Paradoxical American? I called it “The Paradoxal American” because using paradoxical made it sound too much like American popsicle for some reason.
Holy Moly…guess what I just found. I did a three word search and found a full investigative report on the Case of the Economic Meltdown of Iceland’s Bank, Kaupthing Glitnir and Landsbanki and,
of course, excellent reporting by Telegraph.co.uk’s Finance Section
Make sure you read the entire article. Twice. Three times and then again. Go over it with a fine tooth comb. Make notes if you have to, because I don’t want to have to come back and explain anything to you about this again…Although I probably will anyway, when I have any further FU’s.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6034654/Iceland-what-ugly-secrets-are-waiting-to-be-exposed-in-the-meltdown.html
It just seems utterly remarkable how this news seems to fall into my lap and on the very day of its release, today August 15, 2009
Remember, FU means Follow-Up, and in this case the follow-up, however not absolutely complete yet, expresses in great detail, what went on with Iceland’s bank Kaupthing, Glitner & Landsbanki before their collapse and at the mouth of the entire worlds woes over the credit and housing crises befalling all of the worlds banks. Remember, I told you, that wasn’t the only reason.
