2008-10-09 We are truly sorry

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Date:	2008-10-09 (category)
Link:	http://anapologyfromicelanders.blogspot.com/2008/10/we-are-truly-sorry.html
Topics:	Iceland 2008 financial crisis
Categories:	Iceland 2008 financial crisis

We are truly sorry

longer text

Meanwhile, we used the Icelandic Central Bank as a retirement home for politicians we needed to get rid of from the political scene, as throughout the history of the Central Bank it had never really needed to do anything and therefore was considered to be a safe place to store them, maintaining their delusion of grandeur and allowing them to double dip into their pensions while still being on the government payroll.

Before we knew it the owners of the three banks had broken faith with the rest of us, refused to travel with us, pay taxes with us or live amongst us, preferring to live in London and fly up occasionally in their private jets, and while here drive around in Bentleys and Range Rovers, which they apparently impulse bought - all black, unless it was for the wife, then white.

They were careful to spread the wealth, hiring lots of people at 3 to 30 times normal wages, sponsored concerts of international stars and seemed to have unlimited opportunities. ... So we were dazzled.

[edit] shorter text

“Meanwhile, we used the Icelandic Central Bank as a retirement home for politicians we needed to get rid of from the political scene... Before we knew it the owners of the three banks had broken faith with the rest of us... They were careful to spread the wealth, hiring lots of people at 3 to 30 times normal wages... we were dazzled.”