Tuesday, October 07, 2008

Cold Hard Cash

Dude leaves bank empty handed

You think you have troubles.

Just be grateful you don't live in Iceland.

I know if it was good enough for Bobby Fischer, but ...

The whole country is going bankrupt thanks to the deregulation of the banking industry and the invention of their very own stock market.

From the AP:

Richard Portes of the London Business School agreed (to the blame placed on 'external circumstances'), noting the banks were well-capitalized and had not bought any of the toxic debt that has brought down banks elsewhere.

"I believe it is absolutely wrong to say these banks were reckless," said. "Quite the contrary. They were hugely unlucky."

Yeah, okay, Dick. May I call you Dick?

1 comment:

Anonymous said...

What better country to be served on the rocks.