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  1. 03-09-2010, 11:09 PM #1
    AirborneSapper7
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    Iceland Votes No to Repaying Icesave Debt to Britain, Nether

    Iceland Votes No to Repaying Icesave Debt to Britain and Netherlands

    Politics / Credit Crisis 2010 Mar 09, 2010 - 03:10 PM
    By: Andrew_G_Marshall

    People in Iceland have rejected their government's pledge to repay a debt of more than US$5 billion left by the collapse of Icesave Internet bank. 93 per cent of people voted “noâ€
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  2. 03-10-2010, 12:01 AM #2
    Captainron
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    So what is the moral of this? "Never lend money to an Icelander?"
    "Men of low degree are vanity, Men of high degree are a lie. " David
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  3. 03-10-2010, 12:11 AM #3
    AirborneSapper7
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    The banks got the money; not the Ice Land People.. the banks gambled the money and lost it all through BAD Coices

    I wouldn't pay a cent as well
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  4. 03-10-2010, 12:20 AM #4
    Captainron
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    The Icelandic banks must have loaned the money to someone who defaulted. You mean it wasn't Icelandic enterprises?
    "Men of low degree are vanity, Men of high degree are a lie. " David
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  5. 03-10-2010, 12:31 AM #5
    AirborneSapper7
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    a majority of the money was used to buy in the derivatives market... they did some shorting and lost it all

    the bankers should be put on trial
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  6. 03-10-2010, 12:36 AM #6
    NoBueno
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    Quote Originally Posted by AirborneSapper7
    a majority of the money was used to buy in the derivatives market... they did some shorting and lost it all

    the bankers should be put on trial
    Ditto! The bankers and the politicians!
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  7. 03-10-2010, 12:47 AM #7
    AirborneSapper7
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    Quote Originally Posted by NoBueno
    Quote Originally Posted by AirborneSapper7
    a majority of the money was used to buy in the derivatives market... they did some shorting and lost it all

    the bankers should be put on trial
    Ditto! The bankers and the politicians!
    yep .. forgot about the politicians ... put them on trial as well
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  8. 03-10-2010, 08:17 AM #8
    Hylander_1314
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    Yep, they're all in resiprocity together to screw the general public. They view us all reguardless national border as chattle slaves. Even our own elected thieves.

    Aesop We hang the petty thieves and elect the real good ones to office.
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