Since none of you bothered to bid, it looks like Iceland is officially bankrupt:
The credit crunch claimed its first sovereign scalp last night as Iceland readied itself to accept an International Monetary Fund (IMF) bailout. … The IMF may provide about $1 billion in emergency cash for Iceland with the balance lent by Norway, Sweden and Denmark and additional money possibly coming from Russia and Japan.
…
The IMF is likely to attach stringent conditions to the loan, including the stipulation that Iceland quickly deleverage its three nationalised banks Kaupthing, Landsbanki and Glitner.
Who’s next? Pakistan? California? Did you forget Poland?
Can the USofA be far behind?
Posted by: konagod | October 21, 2008 at 09:20 AM
*Ahem.*
What's Iceland using as collateral?
Posted by: tata | October 21, 2008 at 10:10 AM
Four blondes with big boobs named Siggurs, tata.
Posted by: actor212 | October 21, 2008 at 11:51 AM
We're about to run out of money here...Arnold has asked the Feds for $7 billion. My wife said she might not get paid from the school district at the end of the month 'cos there's no money.
Posted by: Agi | October 21, 2008 at 05:19 PM
Our turn is coming. It's only a matter of time now...
Posted by: JollyRoger | October 21, 2008 at 11:22 PM