It was announced this morning that a government body had replaced the board of directors of Landsbanki with representatives of the Icelandic government. A nationalization being imminent.
Thus BG is not on that board any more - for how long is he on ours?
As the reader of Bubbleview is aware this is the fundament of our owners wealth that goes down the drain. Most of his other assets also sits in financial institutions, most of them closely connected, or intertwined if you wish, with Landsbanki.
The interested reader should take a look at my previous post on this matter to see how disturbing this is.
More on this later.
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07/10/2008
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