Where's my soapbox today???

I knew I left it here after writing about Qantas the other day. So it has to be here somewhere... please amuse yourselve's while I look around.

Meanwhile... I did find something interesting.. still no soapbox yet. Maybe you might like to read this excerpt from NineMSN Finance today.......

Iceland's lesson: Let the Banks go bust

 "Three years after Iceland's banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts say."

"The lesson that could be learned from Iceland's way of handling its crisis is that it is important to shield taxpayers and government finances from bearing the cost of a financial crisis to the extent possible," Islandsbanki analyst Jon Bjarki Bentsson told AFP.

"Even if our way of dealing with the crisis was not by choice, but due to the inability of the government to support the banks back in 2008 due to their size relative to the economy, this has turned out relatively well for us," Bentsson said.

Iceland's banking sector had assets worth 11 times the country's total gross domestic product (GDP) at their peak.

Nobel Prize-winning US economist Paul Krugman echoed Bentsson.

"Where everyone else bailed out the bankers and made the public pay the price, Iceland let the banks go bust and actually expanded its social safety net," he wrote in a recent commentary in the New York Times.

"Where everyone else was fixated on trying to placate international investors, Iceland imposed temporary controls on the movement of capital to give itself room to manoeuvre," he said.

And here is a link to that article.. NineMSN Finance

So there ya go.. make up your own minds folks.. I still haven't found that bloody soapbox yet.