http://www.metafilter.com/tags/overleveraged Posts tagged with 'overleveraged' at MetaFilter. Thu, 09 Oct 2008 11:32:11 -0800 Thu, 09 Oct 2008 11:32:11 -0800 en-us http://blogs.law.harvard.edu/tech/rss 60 http://www.metafilter.com/75522/Canary%2Din%2Dthe%2Dcoal%2Dmine <a href="http://www.ft.com/cms/s/0/3a31ff80-95d1-11dd-9dce-000077b07658.html">Iceland's last non state-owned bank is nationalised,</a> with subsidiaries <a href="http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL930017420081009">shut down in Finland</a>, <a href="http://marketoracle.co.uk/Article6663.html">refusing to pay depositors in the UK</a> and<a href="http://station.lu/newsDetails.cfm?id=21902"> in adminstration in Luxemberg</a>. Iceland has had to<a href="http://news.yahoo.com/s/ap/20081007/ap_on_re_eu/eu_iceland_meltdown_1"> shut down trading on the stock market</a> to stop panic dumping, and has become one of the most state run economies in the world. For everyone who wondered what true worst case is, this might be it (saving the<a href="http://en.wikipedia.org/wiki/Inflation_in_the_Weimar_Republic"> Weimar scenario</a>, but the US is too sane for that). tag:metafilter.com,2008:site.75522 Thu, 09 Oct 2008 11:32:11 -0800 bailout fail iceland money nationalisation overleveraged jaduncan