For example, savers around the world were enticed by Iceland's high interest rates, and then this happened: http://en.wikipedia.org/wiki/2008%E2%80%9311_Iceland

For example, savers around the world were enticed by Iceland's high interest rates, and then this happened: http://en.wikipedia.org/wiki/2008%E2%80%9311_Icelandic_financial_crisis http://en.wikipedia.org/wiki/2008%E2%80%9311_Icelandic_finan... Turned out those savers were the suckers needed by those banks, in an attempt to remain solvent.