dimelab dimelab: shrinking the gap between talk and action.

scheme collapses Topic in The Credit Debacle Catalog

Jesse's Café Américain Tue 2010-03-09 17:47 EST

Iceland Voters Reject Bank Bailouts in Crushing Electoral Defeat; Neo-Liberalism In Context

...Iceland is a victim of the neo-liberal economic deregulation of the 1990's, in which a few bankers can buy the government, and rack up enormous profits for themselves in Ponzi like leverage, and then attempt to socialize the debt back to the people when their schemes collapse...

context; crushing electoral defeat; Iceland Voters Reject Bank Bailouts; Jesse's Café Américain; neo-liberalism.