October 8, 2008
Posted: 1041 GMT

REYKJAVIK, Iceland - Shock has been replaced with anger. That is what one man here in Reykjavik told me this morning as he came out of the Landsbanki.

He went to check his savings and was told it was safe. He does not believe it.

An 18 year old student told me she has decided to take out her savings and pay off her mother's mortgage. That way she says she can't lose her savings, her mother can't lose her apartment, and they have a tangible asset. Smart.

They both told me they are embarrassed that the world is watching for all the wrong reasons.

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C. P. Hodge   October 8th, 2008 2010 GMT

When the USA has a cold, the world sneezes. This financial crisis that is causing financial hardship and grief to countless millions of people everywhere – not just hardworking Americans – is probably caused by the grossly exorbitant salaries of American CEO's.
And the US government officials and politicians – who themselves are multi millionaires – are just looking on. After all, they are not the ones
hurting.

K.S. Evans   October 9th, 2008 1510 GMT

When the USA has a cold, the rest of the world should cower in fear.

After all, there's only one main reason the Eurasian markets can function the way they do today–the USA. Without the US consumer, they are nothing.

To blame everything on the salaries of CEOs is ridiculous–compared to the amount of influence the banking and mortgage markets have on the American economy (and therefore the world), it's nothing.

It's that European pseudo-socialist philosophy and dogma being spouted off again.

VIC   October 9th, 2008 1828 GMT

MENS HEART FAILING THEM FOR FEAR

KNOW THAT IN THE LAST DAYS PERILOUS TIME SHALL COME

PERPLEXITY OF NATIONS WITH DISTRESS

VI THE LOVE OF MONEY BEING THE ROOT OF ALL EVIL

Lubomir   October 9th, 2008 2032 GMT

The rules for the global economy have been developed by the rich and the ones who believe to become ones. They concentrate the power and influence the direction the world swings to. But it cannot be right that anybody earns 100 or 1000 times more than an average hard-working person. We are being told it is ok because of the "amount of influence" high earning people have on us. It would be all right ONLY if they were accounted both for prosperous and decline times, and OVER A LONG TIME HORIZON (say minimum 10 years).

winston noronha   October 10th, 2008 823 GMT

The world has got enough wealth and resources for all its inhabitants. Unfortunately, first nations like Britain , France and Spain and later the USA exploited the rest of the world to become rich and deliberately kept the rest poor. Even in every country, this norm has been followed and certain individuals have become so rich accumulating properties in which they do not stay, money in Swiss banks and other tax havens which they never use while at the same time people die of hunger, starvation and disease because of lack of or inability to pay for medicines. What is the world heading to? If you study history whenever a nation reaches the height of such debauchery it gets destroyed ( Roman Empire, Greek etc). It is a lesson for the US.

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