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PM Sigurdardottir: "free market ideology utterly failed" (Photo: Magnus Fröderberg/norden.org)

Icelandic report on the crash finds web of greed, negligence

Iceland's leading politicians, bankers and regulators all engaged in acts of "extreme negligence" that predictably led to the country's financial crash in 2008, a government investigation into the banking crisis has found.

A 2,300-page report by a Special Investigation Commission of Iceland's Althingi, the north Atlantic island's parliament, published on Monday (12 April) is scathing in its criticisms notably of former prime minister Geir Haarde, the chairman of the central bank, David ...

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PM Sigurdardottir: "free market ideology utterly failed" (Photo: Magnus Fröderberg/norden.org)

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