Tuesday April 6, 2010
I titled the first post on this small island, Iceland Freezes Up, Oct 9, 2008. Well seems Iceland is quibbling about the interest rate to pay off England and the Netherlands. Yes entire countries can go bankrupt as I said in class yesterday in the introduction to equity and liabilities. So don't be surprised when and if it happens to entire states in this country.
Gee, Greece is arguing over its interest rates as well, as the article says, choosy beggars.
Professor Elam 
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