subscribe: Posts | Comments

Anger on the streets (and in the annual shareholder’s meeting)...

Things are starting to get pretty ugly in Iceland, protesters have taken to the streets to complain about the government’s handling of the banking crisis which has seen this once prosperous western democracy collapse into the kind of economic disaster you’d expect to see in the third-world. It’s not surprising that they’re angry – just like the rest of us, they were told  that their economic boom was sustainable and based on solid foundations, which as we all know now is complete BS. The tide has gone out, and now it’s clear that the people running Iceland’s economy have been swimming naked. And the Swiss are angry too – thousands of individual UBS shareholders want to know how...

posted on: Nov 23, 2008 | author: Lance