the corner office

a blog, by Colin Pretorius

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Culprits

A Times columnist repeats the usual line:

Iceland was brought down by its bankers. Britain came dangerously close

And a while ago, another view of what sent Iceland over the brink, also from the Times:

Brown's response? To seize the UK assets, not of the bank that ran Icesave, but of a wholly unrelated bank, Kaupthing, thereby collapsing it. Icelanders, who had been expecting to negotiate a guarantee to British depositors - eventually agreed on Monday - were stunned. They couldn't bring themselves to believe that the leader of a country they admired would destroy their last solvent bank simply to give himself what Labour MPs have since called "his Falklands moment".

{2009.12.18 - 17:16}

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