What was Kaupthing thinking in 2005?

"A video that is said to be have been shown at a pep rally meeting at Kaupthing in the French Riviera, in 2005 ,is now going around in the blogworld.
It is now on the Danish news paper ,Berlingske Tidende.
In the video ,wich is in english,the question is " What is Kaupthinking ?"
Here is the video and you can see what the thinking was at Kaupthing Bank,before the collapse."

Worth a look!