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To: george76
More people live in Staten Island than live in Iceland.

As countries go, it is miniscule.

For comparison - Lehman Brothers had a market cap three times the size of Iceland's GDP.

Vallejo, CA - the town that went bankrupt - has a population about half of Iceland's/

14 posted on 10/10/2008 12:25:21 PM PDT by wideawake (Why is it that those who like to be called Constitutionalists know the least about the Constitution?)
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To: wideawake; neverdem

the value of its economic output, its GDP, is about $20bn; but its big banks have borrowed some $120bn in foreign currencies.

Now that’s what I call leverage - and remember that’s just the overseas liabilities of its commercial banks.

If this were a business, and if it had no other borrowings (which of course Iceland does have), this would be a debt-to-ebitda ratio of 6.


26 posted on 10/10/2008 12:29:25 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: wideawake

Iceland’s population is about 230,000 I think


108 posted on 10/18/2008 8:18:15 AM PDT by Cronos ("Islam isn't in America to be equal to any other faith, but to become dominant" - Omar Ahmed, CAIR)
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