They had even a bigger banking disaster than we did because they completely deregulated them in the 1990 with Friedman's Libertarian advice and philosophy. They completely collapsed rtecently sending Iceland into a bottonmless abyss of debt which it will never get out of. What facts Quirky? Google it then. It all started in the 80's when Friedman came to lecture in Iceland. They bit the apple. Trader boy. The Federal housing program started in the 1940's. It was Wall Street that started buying up trillions in Liar Loans to sell around the globe. LEARN YOUR FACTS!
Politics - 7 Answers
Random Answers, Critics, Comments, Opinions :
1 :
I'm not from Iceland so im not 100% familiar with their economy like you are. They must've had a government, and fannie mae, and freddie mac type entities to deregulate the whole shebang. But thats socialism, not libertarian conservatism.
2 :
I don't know about Iceland, but if you think here in the US we melted down due to no regulation of banks than you couldn't find your ass with both hands. Banks used to give mortgage loans based on the strength of your personal finances. Then the democrats came along with the democratization of credit, and now we're where we are. Which is a once safe place to invest, the housing market, decimated by social engineering.
3 :
No, currently the US is going bankrupt. States are on the verge of collapse. Have you not heard. You have come to a conclusion based on your bias ideology. Any type of government that is irresponsible and does not live within their means, will meet it's fiscal doom. Your seeing it all over the globe.
4 :
Are you fucking serious? Must be a good troll if not. Social democracy, Central Banking = Libertarian Conservatism You're hilarious. -- Hey. Hey. Is Hong Kong proof that Libertarian Conservatism can work?
5 :
It seems to me as the white population of the US declines due to low birth rate, and non-white populations increase due to their higher birth rates, that the economy will get worse, and lead to racial conflicts, as well as CIVIL WAR. Anyone with over half a brain knows that the US needs a large white majority population to stay a first world country, and avoid looming racial conflicts and escalating crime. So do white Americans care about the US staying a first world majority country by unifying now (like the Japanese), or are they willing to accept defeat and see diversity, increasing crime, a declining white population, and increasing non-white populations turn the US into a 3rd world country? I just think white people’s compassion and lack of wanting their own white area, coupled with forced non-white integration will be a huge reason that will lead to the downfall of the US. Cries of racism will not stop the truth from happening. In fact, cries of racism are preventing the truth from being exposed and prevailing. PC talk is destroying the US by denying people the right to debate the facts. People are stupid if they ignore facts supported by evidence. Example. IQ affects economy. Around the world, the average IQ for East Asians centers around 106; for Whites, about 100; and for Blacks about 85 in the U.S. and 70 in sub-Saharan Africa. http://www.amerika.org/darwinism/iq-and-the-wealth-of-nations/ So how the hell can an increasing black population and decreasing white population benefit the USA? How can affirmative action and quotas benefit the USA? If you think forced diversity is ok, prove how the benefits of diversity outweigh the negatives. It seems to me diversity only benefits non-whites. People say race is not important to economy. Ever seen a first world majority black country, or a black country with low crime rates? Britain, France, Germany, the US, Canada, Australia, and Russia are experiencing racial backlashes and escalating crime rates that will reach boiling point soon as whites realize diversity only benefits non-whites. These countries were utopias 30 years ago. You don't see countries like Japan allowing millions of illegal aliens or blacks flooding their countries. Only whites are dumb enough to do that. Evidence clearly points to a lack of racial consciousness in whites that will eventually lead to the decline of white civilization through declining white numbers, and racial mixing. The media is obviously largely responsible for promoting diversity, and we know ‘the chosen ones’ control the media. Diversity is a non-white policy. It only benefits non-whites. Most non-whites are dysfunctional in a white society.
6 :
No, but Obama's plan will collapse our whole economy not just our banks. There is more to the collapse of Iceland's banks and their economy then deregulation, you should learn your facts and stop the senseless liberal spin.
7 :
Under the 4 years liberals ran the country look at us BANKRUPT. Liberalism has never worked any where it's been. Conservatism has worked in this country and will work again to get us out of this liberal BLACK HOLE.
