The Glade 4.0

http://www.independent.co.uk/news/busin ... 09503.html

TL;DR version:

-Iceland chose to allow insolvent financials go bankrupt rather than bail them out.
-Iceland prosecuted CEOs and bankers that contributed to the collapse and imprisoned them.
-Iceland imposed a 39% tax on investors who took their funds out of Iceland during the financial crisis
-Iceland is now the first country in Europe to surpass its pre-crisis economic state.

Too big to fail my ***.

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Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

Iceland has, like, 15 people, and they can all live happily on lutefisk. You can't draw comparisons.

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Nobody is happy eating lutefisk. Your argument is invalid.

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"Aaaah! Emotions are weird!" - Amdee
"... Mirrorshades prevent the forces of normalcy from realizing that one is crazed and possibly dangerous. They are the symbol of the sun-staring visionary, the biker, the rocker, the policeman, and similar outlaws." - Bruce Sterling, preface to Mirrorshades

Truth.

Also, Iceland has CCP. If they get into trouble, they can call on vast spacefleets to defend their interests.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

323,000 and isolated geographically from the rest of the world makes them a pretty good miniature model for testing, I'd say.

Lutefisk is uncommon in Iceland. It's more of a Norwegian thing.

_________________
Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

Lutefisk doesn't even bear thinking about.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

No it doesn't. It might make them a decent approximation of Duluth, but that's about it.

Also, what do you think the ethnic background of Iceland is?

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Upper Peninsula of Michigan

Duluth is a quarter the population of Iceland

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Buckle your pants or they might fall down.

The Duluth MSA has a population of ~280,000. So 7/8ths.

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Except that Iceland is internally self-sufficient. I doubt Duluth is.

_________________
Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

Only in regard to lutefisk.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

Lutefisk is not common in Iceland. By the sounds of things, it's more common in Duluth than in Iceland.

_________________
Well Ali Baba had them forty thieves, Scheherezade had a thousand tales
But master you in luck 'cause up your sleeves you got a brand of magic never fails...
...Mister Aladdin, sir, What will your pleasure be?
Let me take your order, Jot it down -You ain't never had a friend like me
█ ♣ █

It is far more common in Duluth than Iceland.

Also, something along these lines is exactly what should have been done everywhere else in the world. It likely would have only taken the first couple of banks in any one country to have created a massive shift in attitude from the banking industry.

"To Big To Fail" is a bullshit mantra from people who like the status quo and are part of the problem.

If the winter Texans that show up here are any indicator, this is definitely true. They scarf this crap down like it was birthday cake.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

CAN CONFIRM

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This guy knows what's up.

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"Hysterical children shrieking about right-wing anything need to go sit in the corner and be quiet while the adults are talking."

I'm lucky -- even though I grew up in a pretty strong Swedish community (via my church), none of us really went in for lutfisk or surstromming (or any of the weird pickled/fermented fish variations common in northern Europe)... I think that's mostly something that the Lutherans brought over.

_________________
"Aaaah! Emotions are weird!" - Amdee
"... Mirrorshades prevent the forces of normalcy from realizing that one is crazed and possibly dangerous. They are the symbol of the sun-staring visionary, the biker, the rocker, the policeman, and similar outlaws." - Bruce Sterling, preface to Mirrorshades