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Icelandís Outlook Revised to Stable by S&P

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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 01:01 PM
Original message
Icelandís Outlook Revised to Stable by S&P
Iceland had its credit rating outlook revised to stable from negative....

More:

http://www.bloomberg.com/news/2011-11-23/iceland-s-outlook-revised-to-stable-by-s-p.html

What works for a small country would not necessarily work for the EU, but this has to be a positive.
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qb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-23-11 01:18 PM
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1. If I remember correctly, the people saved their economy by taking control away from the banks.
I think larger economies could certainly benefit from the same model.
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nineteen50 Donating Member (488 posts) Send PM | Profile | Ignore Wed Nov-23-11 01:20 PM
Response to Original message
2. Nationalize the banks, separate them from investment banks, reduce their
leveraging, and break them into smaller banks so they are
small enough to fail or jail. 
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