[Mobile book] Why Iceland?: How One of the World's Smallest Countries Became the Meltdown's Biggest Casualty






 | #1280383 in eBooks |  2009-07-09 |  2009-08-07 | File Name: B002GPGYZM


||1 of 1 people found the following review helpful.| A top-notch story of greed, foolishness, and failure|By Klipspringer|Iceland was the tip of the iceberg (no pun intended) that turned into the worldwide financial meltdown of 2007-2008. It was a microcosm of all that could, and did, go wrong within the world's banking institutions. It is a story of greed, of uncontrolled risk, of stupidity and of helplessness. "Why Iceland"| |"A provocative, urgently important case study in international finance." The New York Times 20090816|From the Back Cover||The Saga of an Empire that Disappeared Overnight |In October 2008, Iceland became the unlik

As late as the mid 1980s, Iceland’s economy revolved around little else than a semi-robust cod-fishing industry. By the end of the century, however, it had transformed itself into a major player in world finance, building an international banking empire worth twelve times its GDP. The tiny island nation of 300,000 was one of the global economy’s great success stories.

And then everything came crashing down.

Why Iceland? is the inside ...


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