Iceland’s Financial Crisis

Posted on June 28, 2009 by Yaacov

Vanity Fair has an interesting article about how Iceland became a global financial power in five short years and then bankrupted itself in the financial crisis this past fall.

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This entry was posted in Bad Ideas, Economics, Politics. Bookmark the permalink.

One Response to Iceland’s Financial Crisis

  1. Lukas says:
    March 11, 2011 at 8:55 pm

    However, the best thing Iceland did was accept their fate and start over. Bailing out Too Big Too Fail has simply postponed the bankruptcies.

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