Leak blows Iceland banking scandal wide open

[AK]

[quote=qwerty007]Using shares as collateral for a loan is probably a little shaky, but a novel way to cover your losses when those shares tumble.[/quote]

I seem to recall that it was not unknown during the dot-com era … Stamps.com and former CEO John Payne come to mind.

But Kaupthing seems to have taken it to a new level … granting loans for the purchase of its own stock, then announcing it as an infusion of capital.

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[patientrenter]

Are you under 25, yooklid?

[yooklid]

32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.

You get the picture.

[yooklid]

32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.

You get the picture.

[yooklid]

32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.

You get the picture.

[yooklid]

32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.

You get the picture.

[yooklid]

32 – I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.

You get the picture.

[Author]

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