Iceland Going Under!

The country Iceland is on the way of being the first country ever to file for national bankruptcy. Iceland as also suspended trading on its stock exchange for two days and took control of the country’s largest bank. By doing taking these steps their hoping to protect there peoples money. And they have also created a new bank to keep the money flowing. And Iceland’s President Olafur Ragnar Grimsson was hospitalized Monday and Tuesday after undergoing coronary angioplasty and coronary dilation. So who really knows how this will all play out in the end. Iceland as enjoyed some of the biggest perks a country can have which one of them being having the world’s highest per-capita incomes. They enjoyed the big boom of the stock market in the mid-1990s. And know everything is coming back to haunt them. The British Prime Minister Gordon Brown has even threatened to sue Iceland to recover the lost deposits of some 300,000 of his people who hold accounts with IceSave. I guess here in America we’re not as bad off as we all thought we where. Anyway not yet, who really knows how today will end with the Dow.