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Iceland is... bankrupt? The country? - 10/13/2008 3:13:55 PM
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Zhi
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http://www.iht.com/articles/2008/10/09/business/icebank.php
Apparently entire countries are not immune to this mess... it's bad enough that companies are going bankrupt left and right, but an entire COUNTRY? What do you do about that?
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RE: Iceland is... bankrupt? The country? - 10/13/2008 3:21:21 PM
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KaseyTom
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quote:
ORIGINAL: Zhi
http://www.iht.com/articles/2008/10/09/business/icebank.php
Apparently entire countries are not immune to this mess... it's bad enough that companies are going bankrupt left and right, but an entire COUNTRY? What do you do about that?
The population of Iceland is less than the population of Cincinnati proper.
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RE: Iceland is... bankrupt? The country? - 10/13/2008 3:32:00 PM
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Peter_Gunn
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quote:
ORIGINAL: KaseyTom
The population of Iceland is less than the population of Cincinnati proper.
And?
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RE: Iceland is... bankrupt? The country? - 10/13/2008 3:32:39 PM
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Zhi
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Well, sure, but if the city of Cincinnati goes bankrupt, it doesn't take out an entire currency, and at least we know who might do something (the state government, federal government, etc)
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The optimist says the glass is half full. The pessimist says the glass is half empty. The engineer says the glass is twice as large as it needs to be.
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RE: Iceland is... bankrupt? The country? - 10/14/2008 2:51:15 PM
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Jhud
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Wel, this was inevitable considering dropping home prices. I mean if you can afford a home somewhere else, why would you stay in Iceland?
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Jack
It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first..
- Ronald Reagan
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RE: Iceland is... bankrupt? The country? - 10/14/2008 3:00:33 PM
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WormHeart
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Have you ever been to Iceland, Jhud?
It's one of the most beautiful places I have seen. Really rugged frontie-stuff.
On another note - the Icelandic stockmarket has taken a 75% drop. Just to put the rest of the markets in perspective. :)
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RE: Iceland is... bankrupt? The country? - 10/14/2008 3:28:28 PM
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Jhud
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quote:
Have you ever been to Iceland, Jhud?
It's one of the most beautiful places I have seen. Really rugged frontie-stuff.
On another note - the Icelandic stockmarket has taken a 75% drop. Just to put the rest of the markets in perspective.
If I want to see how beautiful Iceland is, I will look at pictures; if I want to endure months of hellish cold, I will simply walk out my back door in a few months. The difference is, we can drive away from it here is we want.
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Jack
It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first..
- Ronald Reagan
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RE: Iceland is... bankrupt? The country? - 10/14/2008 4:13:24 PM
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pbaribeault
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People tend to love their homes, their country, their lives, history and families. Icelanders are not immune to being in love with their land too -- it's silly to think that simple cold would make everyone leave, and only poverty keeps people there.
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RE: Iceland is... bankrupt? The country? - 10/15/2008 10:39:37 AM
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Jhud
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quote:
People tend to love their homes, their country, their lives, history and families. Icelanders are not immune to being in love with their land too -- it's silly to think that simple cold would make everyone leave, and only poverty keeps people there.
You have obviously not been to Minneapolis.
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Jack
It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first..
- Ronald Reagan
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