Beskrivning
Beskrivning
The combined collapse of Iceland’s three largest banks in 2008 is the thirdlargest bankruptcy in history and the largest banking system collapse sufferedby any country in modern economic history, relative to GDP. How could tinyIceland build a banking system in less than a decade that proportionallyexceeded Switzerland’s? Why did the bankers decide to grow the system so fast?How did businesses tunnel money out of the banking system? And why didn’tanybody stop them? Bringing Down the BankingSystem answers these questions. Gudrun Johnsen, Senior Researcher withIceland’s Special Investigation Commission, tells the riveting story of the riseand fall of the Icelandic banking system, describes the Commission’s findings onthe damaging effects of holding company cross-ownership, and explains what wecan learn from it all.<
