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Wednesday, October 8, 2008

Icesave and Iceland update

What a mess......

Iceland Drops Krona Defense; Abandons Bank Purchase

The shortest ever exchange rate peg. They fixed it yesterday and abandoned it today.

Britain threatens to sue Iceland to protect savers

Seems fair enough to me. But will there be anything left by the time we get our day in court?

Meltdown in Iceland hits High Street in Britain

Melt...ice.... very funny....

ING acquires Icelandic bank savings

Tiny Iceland's huge banking debt led to downfall

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