Comments on: A chill comes to Iceland's economy

By: Lars M

Lars M — Fri, 10 Oct 2008 05:30:20 +0000

The problem is not that Iceland has a very big banking sector, other very small countrys have that (luxenburg?) the problem is the way they are run!

By: IFM

IFM — Thu, 09 Oct 2008 20:52:41 +0000

Gentlemen,
I have studied the human race for decades. All civilized men (I am excluding women because "noblesse oblige" and in honor to my beloved mother), with rare exceptions, want just two things in life: sex and easy money, not necessarily in this order.
So, this crisis is explained "tout court".

By: George Yap

George Yap — Thu, 09 Oct 2008 16:48:52 +0000

Please, please excuse me. Common sense and some simple mathematics will tell you that how could a country with such small population can accumulate such massive wealth, having controlling business in UK and able to lend money to other nations? Living luxuriously............? .By rule of thumb, such small population should be living meagrely, probably deriving their income from fishing? What else do Iceland possess. Oil, technology, inventor? All those wealth accumulated are too artificial, don't you think so. A wealthy nation must possess rich natural resources, sufficient population, good geographical location, minimal natural calamities, hard working citizens and living within their means, low exposure on borrowings and stable government. Human beings in this world especially the highly educated with high mentality are always blinded by greed.

By: John Matthews

John Matthews — Thu, 09 Oct 2008 12:18:42 +0000

Russell John, I beg to differ, putting money into a bank should NOT constitute a gamble. The banks concerned were fully approved by the UK authorities with appropriate guarantee, therefore many people (including UK local government) trusted them with their savings. Do you keep your money under your bed?

By: Russell John

Russell John — Wed, 08 Oct 2008 22:22:04 +0000

Blake Minton, Sorry to have to point this out to you, but you ARE a gambler, All investors are gamblers as gambling involves taking a risk witj no certainty or guarantee. That's what investing is. You cannot expect all the highs without the lows. It's sad to see you lost all you money, but had it been different and you had gained 100% of your money, I somehow doubt that you'd be here writing to boast of your fine luck and great gains and offer to give half your good fortune to those less lucky than you in their own gambling. Wake up, smell the roses and please realise that this is the real world, not a game. You lost, now take your bat and ball and go home. quietly like a good little boy.

By: blake minton

blake minton — Wed, 08 Oct 2008 01:09:07 +0000

Why am I paying the price for bankers that get £million + pound bonuses and goverments with no clue.IceSave has my life savings which are quickly going down the tube and in 2-3 years time they will still be paying bankers/traders £million+ bonuses.Why is there no recourse? This should not be possible.It is theft on a grand scale and should not be allowed.They have stolen my money and it is time that all the savers like myself ,who have been told in their lifetime that banks are safe to be able to bring the banks to account.All banks should be accountable at the end of the day, they are playing with OUR money, not theirs and we should be entitled to get ALL our money back not just part there of ...we are not gamblers.