“We will take further action against the Icelandic authorities wherever that is necessary to recover money.”

that is simply wrong. where some of the action needs to be taken is with the council bodies, the british council bodies who collected excesses of british taxpayers monies and squirrelled it away all the while charging the rate payer more and more for less and less services, with the excuse that costs were going up. that to my mind is criminal. and i won’t even touch on the fact that some of those public servants pay themselves nearly twice as much per annum as what the prime ministers salary is.
to evoke the anti terrorism act is simply an abuse of power and a whitewashing and a ‘let’s not deal with this but blame it on others’ because if we do that perhaps no-one will notice how corrupt we are.

It is of course very sad that other people are affected as well, British, Dutch, Finish, etc. Glitnir and Landskankin were privately owned banks at the moment of their bankruptcies . In my opinion, greedy investors took the wrong decisions with people’s money , and now a hole nation is affected :”We were faced with the real possibility that the national economy would be sucked into the global banking swell and end in national bankruptcy,” Icelandic prime minister Mr Haarde said.

I believe that Councils in Britain that lost money did this with warnings, they were informed investors , with a fundamentelly different status then regular people.
They have a greater responsability of what they do with people’s money. Of course is difficult now and very very unfortunate.

The situation is at it is in Iceland.
But even in Britain, according to the debt charity Credit Action, one person is declared bankrupt or insolvent every five minutes in the UK.
According to Roger Bootle, the managing director of Capital Economics, the way banks lend money has changed forever:”"We’ve been through a period when the
financial markets went bonkers and remarkably central banks and governments allowed them to and many of us were caught up in this.”

But my county is trying it’s best to cope with the crisis.
In my opinion the act of the British government to declare a terrorist law against Iceland by freezing other Icelandic companies is socking. What does other Icelandic firms have to do with this 2 particular private banks? Or the government of Iceland, as the British prime minister has putted into word: “We will take further action against the Icelandic authorities wherever that is necessary to recover money.”

Is this the best road to a peaceful collaboration into solving this huge financial crisis?
I believe other countries might have answered with war. After saying this about war, i have to confess i am glad we are a tiny nation without an army, peaceful, hard working people, with the main occupation of fishing before the crazy bankers and investors came along. Now it seems we are going back to the fish factories.

Does the USA government back up all the private banks that might get bankrupt with all the mes that can create?
In a BBC report was putted this question: ” Why didn’t the US Treasury save Lehman Brothers? …the US tax payer has been put at risk of shouldering the burden of billions of dollars of losses, and it is becoming politically LESS ACCEPTABLE for the government to keep bailing out private companies.”
The same BBC article mentions that “analysts say the US Treasury has put a line under its willingness to use public money to rescue banks which have made wrong decisions.”

In my opinion, the banks ( Glitnir, Landsbankinn) at the moment of their bankruptcy were owned by greedy investors who took wrong decisions and now my country is going to hell for that.

I want to address to my leaders and the British leaders to be careful in their decision making. I hope they will find the way to work together to fix this mess.
Me, as a regular citizen of Iceland, and i think i can speak for regular hard working British people, that is what we all want.

Iceland has been getting a bad reputation in the news, and i think is undeserved. There are certain individuals that caused this financial plague, not regular Icelanders.
Warmly,
Thordur
Not a banker or investor,

See you tomorrow…

And I must to bed; goodnight, Jack…

I have a sneaking fondness for Nick Bostrom, who argues that the chances that some of us exist only within a computer is really quite high…

Anyone got a spare 100 billion? Will the Taliban make the trains run on time?

telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/10/10/do1003.xml