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Originally Posted by lotsofmagnets
it was on the al-jazeera ticker that the british government was going to take legal action against iceland. i chuckled as i wondered exactly how does one get blood from a stone.
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It's pretty surreal when ktsp's Lebanese family calls us because they've heard bad news about OUR country on the news--it's always been the other way around, we hear about bombs in Lebanon on the news, and make a call to them ASAP. Of course, I'll take bankruptcy over bombs any day, but still rather odd turn of events.
I guess we've really hit the big time when Thomas Friedman (of all people) mentions us in the NY Times' most-read article this morning:
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Did you notice that the government of Iceland just seized the country’s second-largest bank and today is begging Russia for a $5 billion loan to stave off “national bankruptcy.” What does that say? It tells you that financial globalization has gone so much farther and faster than regulatory institutions could govern it. Our crisis could bankrupt Iceland! Who knew?
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