They told us Iceland would not survive! What a joke!
Remember when little Iceland told the hotshots at the rating agencies, and the Wall Street Banksters, and the World Bank et.al. To "shove it", they were not paying them back? Well . . . it appears that Iceland did the right thing, the GDP is increasing over 2% a year, and Fitch who downgraded them, is now eating crow, and admitting that the action that Iceland took was appropriate and worked. Too bad we decided to save our bankers instead of save our people like Iceland did. Here is a video addressing this event. Cenk with the Young Turks does a great job explaining what we should have done. John