Bringing down the banking system - G. Johnsen

The combined collapse of Iceland's three largest banks in 2008 is the third
largest bankruptcy in history and the largest banking system collapse suffered
by any country in modern economic history, relative to GDP. How could tiny
Iceland build a banking system in less than a decade that proportionally
exceeded Switzerland's? Why did the bankers decide to grow the system so fast?
How did businesses tunnel money out of the banking system? And why didn't
anybody stop them? Bringing Down the Banking
System answers these questions. Gudrun Johnsen, Senior Researcher with
Iceland's Special Investigation Commission, tells the riveting story of the rise
and fall of the Icelandic banking system, describes the Commission's findings on
the damaging effects of holding company cross-ownership, and explains what we
can learn from it all.<