I'm a big believer that for every up there is a down. I respect Iceland for doing this. Rather than giving into a fear of the unknown, they faced their demons.

I'm a big believer that for every up there is a down. I respect Iceland for doing this. Rather than giving into a fear of the unknown, they faced their demons. It is without doubt a painful ride, but if any one of us were to negligently run a company into the ground and mismanage it, we would expect to pay the penalty for. I find it sad that we have allowed these big banks to grow so big, that they are "too big to fail". At what point do we have a scenario where other types of company are also too big to fail?