torsdag 18 juli 2013

Dagens citat

"In Iceland in the 2000s, the regulators were not honest, competent, or thorough. Iceland had come into banking only recently, and did not have the institutions, regulatory scheme or experienced examiners required to maintain a large international presence. The head of Iceland's Central Bank was a former prime minister who was more interested in poetry than in spreadsheets. The finance minister was a veterinarian. The banks' managers were--several years earlier--fishermen, teachers, and restaurateurs. The fastest path to a good job with a bank's was a couple of years' experience working as a bank examiner. ... No, just kidding, the fastest path was through political connections and nepotism."

Íris Erlingsdóttir i Huffington Post om Icesave-domen och Islands väg in i finanskraschen.