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Iceland Gets Pwned by the IMF

bloomberg.com — Iceland agreed a $4.6 billion bailout from the International Monetary Fund and Nordic countries to help resurrect the island's economy. It will get about $6.3 billion more from the U.K., the Netherlands and Germany to cover foreign deposits at a failed bank.

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  • perry911, on 11/20/2008, -1/+8This is just why I think we are not pumping our own oil... WE DO NOT OWN IT!!!???
  • CoolHandLuke70, on 11/20/2008, -0/+6This is the colonialism of today. Instead of overtly taking over they covertly take over. Good examples of this to research are Indonesia and many Central and South American countries. The IMF and World Bank create debtors that cannot ever get out of debt. "Tell Saint Peter I can't go, I owe my soul to the company store."

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