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A comment on China surpasses US as world's largest trading nation. Parent comment

Re:China surpasses US as world's largest trading nation by alexeisadeski3 on Sunday January 12, 2014 @06:20AM (#7045749)
Hmmm. Just read over the Icesave Scandal wiki. Doesn't looks os much like corruption as it does the Icelandic government trying to mitigate/avoid the large deposit insurance payments they'd otherwise be required to pay.

Normally most people consider corruption to be some kind of private-public intermingling. But this was all about the public side trying to protect itself (I think?).

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Re:China surpasses US as world's largest trading nation by kzrdude on Monday January 13, 2014 @04:07PM (#7053253)
Former PM Geir Haarde was on trial for his involvement. The powerful pretty much went in lockstep, with the smoking hot icelandic economy after a growing banking sector, it looked like every icelander benefitted, being able to take loans and buying multiple cars. With the "success", the people in charge let themselves be instruments of a run away modern high-risk banking sector, not their doing their job as regulators.

http://www.voxeu.org/article/government-failures-iceland-ent...

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