Iceland Is Screwed

By Ben Popken on October 9, 2008 3:10 PM 5439 views

—>The Icelandic government seized the nation's largest lender, Kaupthing Bank. "Effectively the krona can't be traded at the moment because there are no more banks to clear the trade," a foreign-exchange trader told Bloomberg. Things have gotten so bad there that Bjork was forced to take out a second mortgage on her collection of screaming children made of glass hiding under a field of sugar.

(Photo: Zach Klein)

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