bank bailouts

Where’s Our Bailout Vote?

It’s easy to forget that the financial crisis was not simply one of American financial institutions getting into trouble; banks around the world found themselves on the brink of failure.  One of the more interesting cases is Landsbankinn, a privately owned bank in Iceland.  Landsbankinn also operated a branch in Britain and the Netherlands called “Icesave.”  When Icesave failed in 2008, the British government rushed in and covered the deposits of its British savers — a move that was neither requested by Landsbankinn or the government of Iceland.  Now the Brits are demanding that Icela

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