Wednesday, 8 October 2008

GLOBAL CREDIT CRISIS


This is why I don't really do political stuff very often

SO yeah, apparently Iceland is in a bad way. With foreign investment in excess of 8 times it's national output, it's on the verge of going bankrupt......BANKRUPT!!! How the hell does a country go bankrupt?!?

Internet bank Icesave went down the other day and a lot of people (300,000 UK residents) are a bit worse off. Yet the whole Iceland issue has been in the news for a little while now and no-one thought to get their money out while they still had the chance......

....call me cynical but, seriously, you'd get it out of there wouldn't ya?! IMMEDIATELY

But yes, even crippling global recessions have a funny side