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Iceland Currency on verge of collapse

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October 06, 2008 – Comments (10)

I just got on to peek at lunch and the first news I see is that Iceland's currency is on the verge of collapse...

omg....

10 Comments – Post Your Own

#1) On October 06, 2008 at 2:55 PM, anchak (99.84) wrote:

And not too long ago...Iceland Sovereign Bonds were selling like Hot Cakes!!!!

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#2) On October 06, 2008 at 2:56 PM, dwot (52.34) wrote:

So much for Russia saving the economic world, I have heard that one recently...

Kinds of like the China is going to save the economic world belief...

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#3) On October 06, 2008 at 3:11 PM, Tastylunch (29.19) wrote:

This makes me so sad, the Icleandic people are so nice. I loved the palce when i spent a summer there in 2006. :-(

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#4) On October 06, 2008 at 3:24 PM, TMFHighYield (75.41) wrote:

Anchak is correct. Icelandic bonds were being touted as "ultra-safe" at 12.14% earlier this year...I wrote about it in this Fool article from February.

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#5) On October 06, 2008 at 3:31 PM, biotechmgr (34.53) wrote:

Don't you mean "meltdown"...

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#6) On October 06, 2008 at 3:47 PM, TMFHighYield (75.41) wrote:

Anchak is correct. Icelandic bonds were being touted as "ultra-safe" at 12.14% earlier this year...I wrote about it in this Fool article from February.

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#7) On October 06, 2008 at 3:53 PM, mandrake66 (93.25) wrote:

Iceland may be on the verge of collapse, but dwot is top fool again...congrats!

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#8) On October 06, 2008 at 4:01 PM, dinodelaurentis (74.73) wrote:

i knew that letting bobby fischer in was a bad move. so to speak.:D

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#9) On October 06, 2008 at 6:11 PM, jstegma (29.14) wrote:

"There are 15 active volcanoes in Iceland, including Mount Hekla, long believed to be the entrance to Hell."

For some reason the statement above reminded me of Dick Fuld.  I have no idea why, but it just did.

 

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#10) On November 04, 2008 at 10:39 AM, hmkassis (< 20) wrote:

Well, both of their major banks just declared bankruptcy. Did anyone expect anything else? This might be a good topic for CollegeFinance101.com

 Dwot - keep up the good posts

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