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Summary: Silly, foolish, naive young Icelanders who obviously couldn't play in the big leagues with the trained financial professionals, lost billions and bill
by Eliezer 18y ago
Summary: Silly, foolish, naive young Icelanders who obviously couldn't play in the big leagues with the trained financial professionals, lost billions and billions of dollars loaned to them by... um...
- jibiki 18y agoMichael Lewis is kind of famous for saying that those trained financial professionals don't actually know what they are doing. http://en.wikipedia.org/wiki/Liar%27s_Poker http://en.wikipedia.org/wiki/Liar%27s_Poker But yeah, your point is good. Iceland could yet end up a net winner from its financial dealings, depending on what their creditors decide to forgive. Certainly those creditors will end up net losers no matter what.