Monday, April 11, 2011

An Illustrative Example

 
It will be interesting to see how this plays out.
 
Bankers are notoriously vengeful, but here's a situation where the governments stepped in to make up the shortfall and they're the ones asking for compensation.
 
Icelanders have refused, so far, citing that it should be the banks repaying the governments who covered their losses, and not Iceland.