The Iceland Crisis in Headlines, Plus One Graph

By Paul Kedrosky · October 7, 2008 · ·

A scan of some key headlines from Iceland over the last two years. People didn’t notice, but in many ways credit crisis really started there — with many of the same characters, like Moody’s — not with Bear Stearns and the quant-quake in the U.S.:

  • April 2, 2006: British firms face chill as Iceland crumbles (Times)
  • Feb 26, 2007: Moody’s blasted for giving Icelandic banks top rating (Bloomberg)
  • Oct 7, 2008: Iceland gets €4bn Russian loan as banks collapse (Telegraph)

iceland

Related posts:

  1. Roubini on the Next Stage in the Crisis
  2. Moody’s: Needs Help for New Debt Warning Labels
  3. Scenes from “It’s a Wonderful Life 2.0″
  4. No Credit Crisis, Thanks. We’re Australian.
  5. Feds: It’s Okay. This Isn’t as Bad as the S&L Crisis.