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BBC reported this a.m. that Iceland riots attributed to bank bailout...

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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-23-09 10:22 AM
Original message
BBC reported this a.m. that Iceland riots attributed to bank bailout...
Correspondents say protests against the government and central bank have become a regular fixture in Reykjavik since October, when Iceland's financial system collapsed in the global credit crunch.

The country's currency has since plummeted, while unemployment - once close to zero - is soaring. The economy is meanwhile forecast to shrink by 9.6% this year and see no growth in 2010.


--more--
BBC

This is what happens when a government pays more attention to bailing out the fatcats while ignoring its citizens who are losing homes and jobs. Maybe we can learn something?
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raccoon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-23-09 10:53 AM
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1. Those Icelanders are smart!

Or you reckon they don't have cable? :silly:



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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-23-09 11:28 AM
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2. Europeans care enough to hit the streets alot more than we do - and look
at what they get .....

Social programs and health services that work for the people, not the profit takers. It's a shame more Americans won't get off their couches and hit the streets.
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