| Monthly Archives | [−] |
| [−] |
| [−] |
| [−] |
Comments and e-mails are welcome, but all such communication is to be assumed to be 1) the original work of any who initiate said communication and 2) in the public domain, with free use granted for publication in electronic or written form. If you do NOT wish to have your message posted, write "CONFIDENTIAL" in the subject line of your email.
Original content copyright © 2006 - 2008 by the respective authors. Fair, not-for-profit use of said material by others is encouraged, as long as acknowledgement and credit is given, to include the url of the original source post. Other arrangements can be made as needed.
Site contact: greyhawk at mudvillegazette dot com
While everyone has been yelling at Wall Street - looks like no one on our side has been looking at the SLOCs.
Prime Minister Geir Haarde rushed emergency measures through the Nordic nation's parliament to nationalise Landsbanki and give the country's largest bank, Kaupthing, a £400m loan to bolster its balance sheet.Like a Polish friend told me; Russia is as Russia has always been.Landsbanki has been put into the control of the Icelandic financial regulator to prevent the meltdown of the country's financial system, triggering the collapse of its popular internet savings arm Icesave.
Mr Haarde confirmed that he was sending a delegation to Iceland's "new friend" Russia to negotiate a £3bn capital injection into the country's finances, after the country's traditional Western allies refused to help the collapsing banking system.
The loan from Russia will be used to shore up the Icelandic krona, which tumbled by 30pc on Monday, rather than the country's two nationalised banks, Landsbanki and Glitnir.
Russia is not doing this out of the goodness of her heart.
...duriung live discussion of tonight's debate from from yours truly and fellow milbloggers over at Chuck's.
Site design and management: Mrs Greyhawk
Original content copyright © 2006 - 2008 by the respective authors
