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General News    H2'ed 4/12/11

The Daily Bell: Little Iceland Panics Big Banks

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Scott Baker
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Little Iceland is proving to be the little country to could. Although it has slipped out of the MSM, Iceland is front and center to the People of the Bank, who are quaking over this upstart nation of 300,000 defying their schemes to bankrupt Euroland, one country at a time.
"Iceland Says No...The island nation may serve as an example for those who want capitalists to operate at their own risk. In a national referendum Saturday, Icelanders, for the second time, voted against a government proposal to pay the big losses of some of their bankers and their foreign customers, with 60% voting "No" and 40% in favor. For those of us who welcome capitalists, but want them to operate at their own risk, this hopefully sets an example for the rest of Europe." -- Wall Street Journal
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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)
 

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