Comments:Iceland's coalition government falls in economic crisis

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why haven't the people who stole this money from others, that couldn't afford to loose all these funds been arrested and charged with stealing the monies had to have gone in someone's pockets just goes to show the greed of man will always be with us, having said that it doesn't make a few greedy folks not accountable for their actions shame on all that took part in this scandle you are now paying the price for this with the state of your government i was taught what goes around comes around and the dog has sure bite the ankles of your country, even Britain has a lot to answer for greed pure greed—The preceding unsigned comment was added by Lindagail hall (talk • contribs)

"Even Britain"? The British Empire was one of the evillest mass-murdering organizations in all of human history. So don't go casting stones while living in glass houses:P. I can't believe that you're all up in arms because the government of Iceland isn't reimbursing a (very) few people their money (something that, I might add, they have no obligation to do... if anyone should be reimbursing British people their money it is the British government).

As for Iceland, their federal government has absorbed as much of the bank losses as they could. So much so that they are teetering on the brink of insolvency. What more could you possibly want from them? Do you want them to slit their wrists because a few silly brits were greedy enough to put large amounts of their money into unsecured high-interest savings accounts in foreign banks? If you don't research your bank before you hand over tens of thousands of dollars to them, then you deserve whatever you get. Remember, it's your money to lose. Gopher65_talk 20:35, 27 January 2009 (UTC)Reply

I am not sure anyone stole the money. Home buyers borrowed it, and home sellers pocketed it. Now the houses have lost value, and some of the home buyers have lost their jobs. Hence, impaired credit, Icelandic banks couldn't renew their cash flow arrangements, and pop the money has gone, and there is no-one to pay it back. A few people got rich off commissions along the way, and some people were lucky enough to inherit some cash from deceased home sellers: but is there enough there to reimburse all those savers? I doubt it. --InfantGorilla (talk) 21:18, 27 January 2009 (UTC)Reply

Specifically he/she is talking about the fact that when the various banks of Iceland collapsed, and the government of Iceland nationalized them, they didn't guarantee the savings of non-Icelandic citizens. There was a good reason for this: because they couldn't. The total savings in those banks was something like 5 times the total annual GDP of all of Iceland, or something ridiculous like that (Iceland is tiny, with a tiny GDP). Anyway, most of foreigners who had savings in those banks were of British origin. The reason they went with those Icelandic banks was because the Icelandic banks offered interest rates that were too good to be true. And, *gasp*, it turns out that that was indeed the case. What. A. Shocker. So a few thousand people lost between 10 and a few hundred thousand dollars each. Not a big deal in the grand scheme of things, though it certainly sucks to be them.

I do feel sorry for those people. I do! But I fail to see how they can blame the government of Iceland for this. Iceland has done all it could; if they have to blame anyone, they should blame 1)the corporation itself, 2)the British Government for not guaranteeing its citizen's savings and investments to the same extent that most other sane countries do, and 3)themselves – not for being greedy (we all are), but for not doing the appropriate research before being greedy. "If it seems to good to be true, it probably is." That saying is a cliché for one reason: because it gets repeated over and over and over again (obviously. That's what cliché means:P). It gets repeated so often because it is true. Gopher65_talk 06:26, 28 January 2009 (UTC)Reply

inflation has reached 18,6 % http://mbl.is/mm/vidskipti/frettir/2009/01/28/verdbolgan_18_6_prosent/ —The preceding unsigned comment was added by 157.157.239.83 (talk • contribs)