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greed, negligence
LEIGH PHILLIPS
13.04.2010 @ 09:27 CET
Iceland's leading politicians, bankers and regulators all engaged in acts of "extreme
negligence" that predictably led to the country's financial crash in 2008, a government
investigation into the banking crisis has found.
A 2,300-page report by a Special Investigation Commission of Iceland's Althingi, the north
Atlantic island's parliament, published on Monday (12 April) is scathing in its criticisms
notably of former prime minister Geir Haarde, the chairman of the central bank, David
Oddsson (the architect of the privatisation of the banking sector in the 1990s), finance and
commerce ministers, central bank governors and the chief financial regulator.
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