alt Hacker NewsIceland's banks were full of money from people in the UK. It's a lot easier to default when there only a small political and economic price.
Iceland's banks were full of money from people in the UK. It's a lot easier to default when there only a small political and economic price.
Is everyone just glossing over the fact that the feds make a profit on bailing the banks out? Seems like a win win to take over ownership in the event of a bank failure.