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Iceland
Alea —
Icelanders are not terrorists
Letter from Iceland
Iceland-IMF moving closer to loan agreement: PM
Bailout of Iceland Held Up by Disputes Over Compensating Foreign Savers
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Letter from Iceland: A World without Money
Paul Kedrosky's Infectious Greed —
... different picture began to emerge from the hourly news bulletins on the car radio. The Icelandic krona’s freeze in the capital markets had now spilled over into the day-to-day transactions of Icelanders abroad. Holidaymakers and business travellers venturing “til Útlanda”, as it is called, found their credit cards refused, and those wishing to buy foreign currency could not find willing sellers, aside from one or two who limited their purchases to €200. Read the whole thing.
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Links 11/15/08
naked capitalism —
... has been falling since July 1). Saudi Arabia Spends $3.5 Billion to Buy Gold in the Past Two Weeks Jesse's Café Américain Four insurers hope to buy thrifts, access TARP Calculated Risk. This is disgusting, but I already have plenty to rant about, and others seem to have picked up on this travesty. Citigroup, Whachovia, Sheila Bair and a post I didn't make... John Hempton (hat tip reader Jeffrey). A bland title for an explosive post. Letter from Iceland Financial Times. A must read. Antidote du jour: ...
bund auction failure
Decline and Fall of Western Civilization —
... the current cast of characters -- faced with a level of systemic indebtedness which dwarfs all precedent -- have thusfar chosen specifically to risk what their forebears did not see fit to. and what a wager it is, with the health and welfare of the leading national governments and currencies that represent the west in the balance -- and the example of failure looming in the shadows.
Prose-as-almost-poetry in defense of the market
Newmark's Door —
By Will Wilkinson. Beautiful.
By Megan McArdle. Also beautiful.
But lest I get too carried away, there's also the story of the calamity in Iceland.
Microblog 2008-11-16
Overlawyered —
... Tobacco Robbery settlement of 1998 [NPR series all week h/t @billchilds; Carter Wood at PoL here, here, here, and here] #
No need for “socialism” with endless bailouts instead [George Will, David Brooks] #
Rude name for “age-restricted” (no-kids) housing developments: “vasectomy zoning” [Dr. Wes] #
Iceland’s national financial calamity [Robert Jackson, Financial Times; Jon Danielsson, VoxEU] # ...
