Iceland's Debt May Be Cut to Junk

March 8 (Bloomberg) -- Report about Iceland's credit rating after voters rejected a proposed bill on repaying U.K. and Dutch loans made during the island's banking crisis. Ninety-three percent of voters rejected the so-called Icesave bill on March 6.

Copyright Bloomberg 2010

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Category:

News & Politics

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• Iceland
• debt
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• junk
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• UK
• Netherlands
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• currencies
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• eurozone
• IMF
• EU

[curiouschem]

just in case i don't have tv?

[fal2grace]

::) this gives us a place to discuss stories that seem to be important... and I don't get Bloomberg on my tv.

[curiouschem]

You don't get Bloomberg, so you re-broadcast it here for others?

If you had somekind of commentary with it I could so, but just putting out their mindless junk is just more corporatism. in my opinion. but, hey it's your channel. I was just trying to figure out what your point was with the video.

[fal2grace]

we're just a group of people interested in the economy and trying to figure out what's going on... so we pick stories that seem important and discuss... that's all.

[AgrippasNotebook3336]

Ok, this pisses me off. To compare them to children who are having a temper tantrum is beyond ridiculous. They had just said it was the banks who took on the debt, so why should the people be forced to pay the price of the bankers' greed?

And newsflash: all debt issued in currencies using the Euro, pound or dollar are junk -so let's not kid ourselves otherwise Bloomberg.

[PhantomAct]

Don't Iceland realise that we'll be calling them thieves? Just like Lehman Bro when they stole £4bn from their UK branch 2-days before the US HQ declared itself bankrupt.

[Kjalli]

If the limeys want their money back they dont have to go far, allmost all the Icelandic bankers live in London and have the money invested in UK accounts. Limeys are along with the Swiss the biggest hippocrits in the world, most of "loot" from banking scandals all over the world are hidden in UK tax havens or in Swiss.

[peope1976]

Yeah. And they are living it large in London. At least some of the handful of people the screwed the rest of the world.

[iknownothingnow]

Agreed. None of us want it. But who can stop it? Certianly none of the politicians will do anything.

Just a sad state that we are in.

[fal2grace]

i hope they don't get away with it.

[iknownothingnow]

I like that "bank robbers"! The real bank robbers that stole trillions of dollars.

Now that they have even more money, looks like they will get away with it - again.

[ytgv3fc7]

"but they should not have let the private banksters and other financial institutions speculating, betting, borrowing,"

No one should but many nations did and plans to CONTINUE doing so. The purpose of bailouts isn't to stop it, it's to PERPETUATE the wrong-headed behaviour.

"still, iceland will be rated junk just like the other nations."

Actually the extortion is that all co-operating nations will get better (fraudulent) ratings, no junk status.

[ytgv3fc7]

their channel doesn't allow commentary and our commentary allows us to link in more related news articles and for that matter, months later, to reference back to them and show who lied about what. Finding the Liars in Global Corporate Banking is a very healthy exercise so we know in the future who to write off immediately as a fraudster. Thanks to this, I know Moody's belongs on this list.

[ytgv3fc7]

the bank robbers (who are banks robbing people) think they can do it a second time, as the first time went over so well. Just like if a child has a tantrum and you give in by giving the candy instead of spanking them. Those banksters need a thorough spanking.