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Iceland - Europe's CaliforniaThis is a great article on Iceland - where every man, woman and child is bankrupt to the tune of $330,000:Global financial ambition turned out to have a downside. When their three brand-new global-size banks collapsed, last October, Iceland?s 300,000 citizens found that they bore some kind of responsibility for $100 billion of banking losses?which works out to roughly

Full post as published by Lex Communis on March 08, 2009 (boomark / email).

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