"The members of the financial class created a dizzying multitude of limited liability entities which obtained vast loans from the banks controlled by their owners, purportedly based on sound business plans. The owners paid themselves high salaries, large bonuses, and unjustified dividends. When the pretense of sound business practices wore thin, they funneled the remaining assets of these companies into newly-created shell companies, had the original companies declare bankruptcy, then convinced the banks (still operated by their co-conspirators) to write-off personal guarantees and security interests on property acquired by the original companies."Íris Erlingsdóttir i The Huffington Post om Islands väg in i finanskrisen.
