Gisli Marteinn Baldursson, Independence Party city council member doesn’t want the state to be responsible for the debts of “some private business downtown”, i.e. IceSave.
Except Landsbankinn is not just a private business downtown. It was privatized by David Oddson from the Independence Party, into the hands of Independence Party favorites Bjorgolfur Gudmundsson and Bjorgolfur Thor. [...]
Gisli Marteinn Baldursson, Independence Party city council member doesn’t want the state to be responsible for the debts of “some private business downtown”, i.e. IceSave.
Except Landsbankinn is not just a private business downtown. It was privatized by David Oddson from the Independence Party, into the hands of Independence Party favorites Bjorgolfur Gudmundsson and Bjorgolfur Thor. The chairman of the board of Landsbankinn was simultaneously the CEO of the party. Independence Party hopefuls rose quickly to prominence within the bank. The CEO, Sigurjon Arnason was a youth party member and so was MP candidate Thorlindur Kjartansson, whose responsibilities included marketing IceSave.
The connection with Geir Haarde’s government and David Oddson’s Central Bank was wide and varied. Landsbankinn was anything but a private business downtown.