The Guardian reports: “A damning account of Iceland’s failure to protect ordinary depositors – including hundreds of thousands in the UK – who entrusted their savings to online bank account Icesave will be published tomorrow by a specially convened truth commission, set up in the wake of Iceland’s banking meltdown 18 months ago.”
I am looking forward to this. I remember in 2007 reading only a few bearish blogger’s posts about the impending problems of Icelandic banks. This report I hope will serve as a learning tool for those involved and also everyone else in the financial industry. Thanks to Simoleon Sense for the great linkfests.
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