Reply #19: One more: [View All]

[laughingliberal]

WikiLeaks uncovered the truth behind Iceland's 2009 financial crisis, bringing many corrupt managers to justice.

Kaupthing’s loan book exposed and an injunction ordered against RÚV
by ALDA on AUGUST 1, 2009
Yesterday the website WikiLeaks* published TOP SECRET information about loans made by Kaupthing bank just before the Big Meltdown last October. The info is a 209-page inside document containing slides used at a meeting of the bank’s loans committee on September 25 last year.

The leaked document shows definitively that the bank made massive, high-risk loans to a select few, most notably the largest shareholders in the bank and associated parties. These loans had more than EUR 45M exposure to the client and were in many cases awarded without any collateral or covenants <snip>

http://icelandweatherreport.com/2009/08/kaupthings-loan-book-exposed-and-an-injunction-ordered-against-ruv.html