The Iceland Crisis in Headlines, Plus One Graph

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)