Tuesday, November 4, 2008

Corruption in Iceland

News has come out - that the highest ranking officers in Kaupthing Bank - do not have to pay their debts to the bank .
They got big loans to buy stocks in the Bank ,but few days before the Goverment took over the Bank,the board of directors at the Bank,agreed to dump the loans ,so they do not have to pay them back.
Accourding to local news here in Iceland ,the money involved is around 50 Billion Krona ,and that is a lot in Euros and dollars.
People are getting angry .
Two movements are getting organized - and their objective ,is to tell people - Dont pay your debts !

2 comments:

  1. This is simply too disgusting.

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