The fact is that the whole economy of Iceland collapsed and the Central Bank of Iceland, who set the scene to cause the collapse, still exists in its current form. Will they ever learn? If they were a private company, they would have wound up with their assets sold to the highest bidder. “Be done with them all,” should be the cry, these failed, manipulating regulators. This is, clearly, what we should be saying to all Central Banks around the world.

via Deep Freeze: Iceland’s Economic Collapse » The Cobden Centre.

One Comment

  1. At least Iceland had a “truth commision” into their banking collapse – under oath with the prospect of possible criminal charges. Wont be holding my breath to see that in UK