Michael 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/Lia

Michael 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.