Icelandic Banking Illusions
The belief in Icelandic exceptionalism fueled a rapid expansion of its banks, which grew at an astonishing rate, outpacing their Nordic counterparts. Despite some early warnings from critics, the prevailing sentiment was one of pride and confidence, leading many to dismiss concerns as jealousy. This blind optimism ultimately contributed to a banking collapse that had far-reaching effects beyond Iceland's borders.In this clip
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Odd Lots
23: Iceland Jailed Its Bad Bankers But People Are Still Angry
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