too big to fail? not true.

Europe Should Let Irresponsible Banks Go Bankrupt: Iceland President


Iceland President Olafur Ragnar Grimsson tells Al Jazeera’s Stephen Cole that Europe should let banks that are ran “irresponsibly” go bankrupt.

Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago.

“We didn’t follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery.”

Posted March 11, 2013

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5 Responses to “too big to fail? not true.”

  1. Anonymous says:

    Hanging the baker from lampposts would be a good idea too.

  2. Anonymous says:

    baker = BANKERS, need a new keyboard

  3. Ho Lee Schitt says:

    hehe, I was thinking !”what the hell have the bakers done”.

  4. Anonymous says:

    To big to GAOL

  5. dp says:

    I heard a bit about a book called black swan which looked at the concept of too big to fail – apparantly reaching the same conclusion – diversity is our strength not size!

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