
First, a little business history: In 2007, the three major banks of Iceland were doing a brisk business. In 2008, unable to refinance their loans, all three failed. They owed nearly six times Iceland’s GDP. It was an epic crash, the worst of…
First, a little business history: In 2007, the three major banks of Iceland were doing a brisk business. In 2008, unable to refinance their loans, all three failed. They owed nearly six times Iceland’s GDP. It was an epic crash, the worst of…
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