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Old 03-02-2012, 09:57 PM   #6
cestsennY

Join Date
Oct 2005
Posts
390
Senior Member
Default
The way the brits see it, iceland still owes them a bunch of money for the default.
They couldn't pay. They defaulted. So, don't give them money again.

Iceland gave the biggest middle finger to the banking establishments when they defaulted. It was either pitchforks at the gate while selling out their country or stiffing a bunch of foreigners. Iceland made the right move. Any of the icesave depositors were dolts, what was the interest rate they were giving out, something like 7%.

The system would be better off if we all defaulted.
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