The specific warning that Icelands banks were going to crash.
Posted 31/01/2009 - 09:20 by follow_the_tao
I don't believe this has ever been posted.
It ought to be read by everybody.
And people then ought to start asking the regulators exactly what they were doing in 2008?
This disaster wasn't unforseeable.
Hence we get to very important questions like why were all Kaupthing IoM eggs in one basket i.e. KSFUK.
Given the situation, and remember there was a very visible sitaution at the time, why wasn't "the normal situation modified."?

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