http://news.bbc.co.uk/1/hi/uk_politics/7663596.stm The government has been accused of "complacency" after it apparently ignored warnings in July about Icelandic banks facing collapse. Lib Dem peer Lord Oakeshott and Tory MP Michael Fallon both raised the issue with ministers on separate occasions. They were reassured savers would be protected by law. The Treasury said it was not the government's role to advise savers and ministers had stressed Iceland had a legal obligation to pay compensation. Lord Oakeshott said: "Alarm bells were ringing all over about the Icelandic banks and the Treasury must have been blind and deaf not to hear them." But a Treasury spokesman said: "As the minister made clear at the time, the Icelandic authorities have a legal obligation to pay out depositors under their existing compensation scheme and we expect them to honour this commitment." He said a government delegation was now in Iceland to find a solution to the current situation. "This is part of the action the Treasury is taking action to ensure the interests of all retail depositors are safeguarded and that legal obligations to UK creditors are honoured." Prime Minister Gordon Brown reacted with anger on Thursday after the Icelandic government refused to guarantee the deposits of UK citizens with money in three of its biggest banks, following their collapse.
Tags :bankers, banks, brown, collapse, crash, credit, crisis, cruch, Geir, gordon, guarantee, Haarde, iceland, market, nationalisation, stock, uk

Iceland's first ever entry for Eurovision Song Contest: "Gledibankinn / Gleðibankinn" performed by Icy in Grieghallen, Bergen, Norway 1986. The group Icy consisted of Palmi Gunnarsson, Eirikur Hauksson and Helga Möller. Introduced by Åse Kleveland. The english version of the song is called "Bank of Fun" and goes like this: Time just flies away in the age of satellites Faster every day, faster every night Taking too much credit from your account when the day is done Are you maybe drawing too much from the Bank of Fun? Get up with your feet, tie up boxing hands Just forget the past, you won't lose any friends All the silly things you made in life belong to yesterday What you've gotta do is try and push the blues away Come on, sing a little song That happiness still hides inside your heart Move out from the shadows, wake up with the rising sun A cheery little tune that makes the walls around you fall apart Come deposit all your blues into the Bank of Fun Come on, sing a little song That happiness still hides inside your heart Move out from the shadows, wake up with the rising sun A cheery little tune that makes the walls around you fall apart Come deposit all your blues into the Bank of Fun Get up with your feet, tie up boxing hands Just forget the past, you won't lose any friends All those silly things you made in life belong to yesterday What you've gotta do is try and push the blues away Come on, sing a little song That happiness still hides inside your heart Move out from the shadows, wake up with the rising sun A cheery little tune that makes the walls around you fall apart Come deposit all your blues into the Bank of Fun
Tags :1986, bank, bergen, contest, Eurovision, fun, gledibankinn, grand, grieghallen, Iceland, icelandic, icy, kleveland, melodi, norway, of, prix, song

Just 24 hours after Iceland's prime minister introduced emergency legislation giving his government sweeping new powers over the financial sector, the country has nationalised its second largest bank. The bailout of Landsbanki comes after trading in shares of major banks was suspended on Monday - and the exchange rate of the Icelandic Krona was fixed - after it lost a quarter of its value against the euro. Sylvia Lennan reports.
Tags :al, aljazeera, banks, iceland, jazeera, landsbanki, lennan, sylvia

.
Tags :bailout, banks, Bush, collapse, crisis, economy, financial, iceland, markets, meltdown, plan, President, rescue, stock, US

the images were shot in the small village "bankurvikur" a few miles from the geysir "jeykatuftir" where the russian whalers used to take their steambath while reading the old norse saga "heimskrungnir-lirakassa" - music is from the album "terje wiik and the rokka rokka yeah yeah".
Tags :bjørk, furu, hummer, iceland, kafka, old, plus, school, sequenser, snorre

the images are from jotunheimen and the music was recorded on sequenser pluss - hommage to dennis baggaley and the university in ann arbor
Tags :cool, roland, viking-, warren, whiskey, winter, zevon

FL GROUP - ICELANDIC BUSINESS MIRACLE English version
Tags :asgeir, bank, banks, baugur, FL, flgroup, GROUP, Iceland, jon, stodir, stoðir

According to the British Prime Minister Gordon Brown, Iceland is a state that supports terrorism. Aberrantly he blames the Icelandic government for the trouble the Icelandic banks are in. And thereby making the situation even worse for the genuine population in Iceland. Scandinavian peoples; it is time to stand side by side with our Icelandic brothers and sisters.
Tags :axis, bank, Britain, Brown, crisis, economy, evil, Gordon, Great, Iceland, Landsbanki, of, Scandinavia, terrorist

Comment by Patrick Dixon on how millions were lost in Icelandic bank accounts and lessons to learn about how to make money and how to avoid heavy losses. Rates of return on investments. Assessing risks in fund management and real estate investment. Exchange rate risks and how they impact international investment. Economy risks, political risks, industry risks - all need to be priced into decisions about where to put your money. How to make money and increase your wealth. Portfolio management. What economists think about global risks, banks, banking, insurance and other industry investments.
Tags :banking, banks, business, economic, economics, economist, economy, funds, iceland, interest, investments, make, money, opportunities, portfolio, rate, risks

A clip from our film Money Geyser Wonder where these kids came up with the notion that they are thrice as strong as other workers? Read this report by the Kaupthing Bank economist that explains: http://tinyurl.com/58gndq
Tags :banks, economy, iceland, icelandic, isk, keiser, max

World Wide Financial Crisis
Tags :bailout, BBC, cnn, Collapse, Crash, economy, fox, Gas, illuminati, meltdown, news, NWO, Paul, Ron, Shortage, Street, Wall, Washington

FL GROUP (Part 2) - ICELANDIC BUSINESS MIRACLE. English version.
Tags :asgeir, bank, banks, baugur, FL, flgroup, GROUP, Iceland, jon, stodir, stoðir

Britains Prime Minister Gordon Brown has told Iceland Prime Minister Geir Haarde that he is considering legal action against the island nation over the collapse of its national banks. Brown said that Iceland's decision not to recompense those with savings in their banks was "completely unacceptable" and the British government would do "whatever is necessary to recover the money". The UK government is freezing the assets of Icelandic companies. Haarde, urged his country to not panic after a third bank toppled today, and asked the public to hold back from drawing large amounts of money in attempt to salvage their savings. The financial meltdown in Iceland continued today when Kaupthing Bank became the third bank to fall into the hands of the authorities, and trading on the Iceland stock market was halted. Kaupthing Bank currently operates in thirteen countries; including all the Nordic countries, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States. The collapse of Iceland's biggest bank comes just days after Glitnir and Landsbanki were also nationalized. Virtually the entire Icelandic banking system is now under state control. Haarde has warned the situation is putting Iceland at risk of "national bankruptcy". To find banking jobs in your area, click here.
Tags :Bank, Brown, EmploymentCrossing.com, Failures, Geir, Glitnir, Gordon, Haarde, Iceland, Kaupthing, Landsbanki, May, Over, Sue, UK

Today ,saturday 13th ,there was a peacful protest in front of the Icelandic parliement building. There was silence for 17 minutes,and one minute for every year that the Independence party has been in power in Iceland. In the end ,ladies burnt clothes,representing the corruption,how relatives and friends got the big jobs ,at the banks and so forth. The govermnet has taken over the banks in Iceland,but the same guys that controlled the banks before the crisis,are still in controll of the banks. Corruption here in Iceland ,between the political members of parliemnet and the buisness controllers ,is huge. There is now an investigation about the crisis ,and who should be responsible,in the goverment and banking sector. And who is controlling that investigation ? Well ,the goverment ,of course. Time magazine ,has put Iceland on the top ten list ,of huge buisness mistakes. On that list are also ,Freddie Mac ,Fannie Mae,Lehman Brothers ,AIG and more. But Time also says - Iceland might be broke ,but the have geothermal heat,so Icelanders wont freeze to death.
Tags :13, 2008, december, desember, halldór, iceland, mótmæli, protest, sigurðsson, video, ísland

This clip includes the item with 'nomorekids' from the Kaupthing Edge CHAPS transfer' thread at www.moneysavingexpert.com http://forums.moneysavingexpert.com/showthread.html?t=1205063
Tags :iceland, icesave, kaupthing, moneysavingexpert, nomorekids

Today ,the 1st december 2008 - Iceland celebrated it 90th annivercary of Self Rule from Denmark. We got independence in 1944. People went to Arnarholl ,the hill between the govermnet house and the Central bank. There protest speaches where held ,and still demanding the ressignation of the goverment ,and the Central Bank managers. After the protest was over ,people went to the central bank ,and tried to get in . To do what ,i dont know. Police tried to stop the protesters. Protesters got into the lobby,but there big glass doors where shut,and police where in front of the door. But later the Police left,and the people got into the inner lobby,and another glass door -and behind that door,was riot police ready. Protesters tried to get the Police to help them . The central bank was under siege for about one and a half hours. Protesters used eggs and paint at the building. Police warned the protesters ,that they would use pepperspray. But in the end ,the Police informed the protesters ,that mr: David Oddsson ,the ceo of the central bank,was not in the building. So the protesters told the police ,they would go out peacefully,if they would go out first. And leave three officers to confirm that the protesters had left the building. So all in all - a peaceful protest in Reykjavik - Iceland
Tags :2008, bank, central, december, iceland, mótmæli, protest, reykjavik

Disscussing the latest situation for savers with Icelandic banks.
Tags :Iceland, Icesave, ING, Kaupthing, Luke

Walks Talks and Adventures {episode 1} [Internet Whore] [Statue of David] [Iceland Banks about to Collapse] [Religion Rapture Revelation] [Religion Rapture Revelation] [
Tags :Banks, Bellamy, David, Iceland, Internet, Marcus, Model, Nude, PatCondell, Rapture, Religion, Revelation, Statue, Walkingwater, Whore

http://www.reuters.com/news/video?videoId=91858&videoChannel=5 The party's over for Iceland, the island that tried to buy the world The snow has arrived early in Reykjavik after an unusually long and warm summer. The freeze has brought out the ghostly green haze of the aurora borealis - the Northern Lights - the shape of which shifts dramatically across the tiny city's black skies. The bars and restaurants of Iceland's capital are packed, the Range Rovers and BMWs are parked nose to tail all along the streets of the central 101 district, and music is pumping from a black stretch Hummer limousine cruising by. 'What can we do? Its difficult times but we've spent all day talking about it, watching the news getting worse and worse. We had to go out and be with friends. Maybe it's like the party at the end of the world,' says Egill Tomasson, 32, sitting in the Kaffeebarinn bar. Iceland is on the brink of collapse. Inflation and interest rates are raging upwards. The krona, Iceland's currency, is in freefall and is rated just above those of Zimbabwe and Turkmenistan. One of the country's three independent banks has been nationalised, another is asking customers for money, and the discredited government and officials from the central bank have been huddled behind closed doors for three days with still no sign of a plan. International banks won't send any more money and supplies of foreign currency are running out. People talk about whether a new emergency unity government is needed and if the EU would fast-track the country to membership. On Friday the queues at the banks were huge, as people moved savings into the most secure accounts. Yesterday people were buying up supplies of olive oil and pasta after a supermarket spokesman announced on Friday night that they had no means of paying the foreign currency advances needed to import more foodstuffs. This North Atlantic volcanic island, which is the size of Cuba, with a population of 320,000 - the size of Coventry's - is an unlikely player on the global financial stage. It is famous for its fish, geysers and for winning the UN's 2007 'best country to live in' poll. But Iceland built its extraordinary wealth on the crest of the worldwide credit boom and now the crunch is sweeping it away, bankrupting a people for whom the past eight years have been, for most of them and by their own admission, one long party. Story continued at: http://www.guardian.co.uk/world/2008/oct/05/iceland.creditcrunch
Tags :banks, collapse, crisis, economic, economy, financial, iceland, nationalisation, world, zimbabwe

A few months before the economical collapse, three icelandic hotshot businessmen celebrated their brilliance. The sketch was made in spring 2008, 4 months before shit started hitting the fan. It hasn't stopped.
Tags :bank, collapse, comedy, economy, iceland, irony