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What our forfathers could have invested in and did
Were more children
It was really the only thing,
that provided stable economic security
Was children, they grew and..
Bjarni's family walk in the door
I had never tought about money in this way before
And when you have been dealing with these enormous numbers in a long time..
Then it feels like just some numbers on a piece of paper, you see
Not exactly unreal, but it gets like..
Metaphorical
But not like.. money related
It's difficult to explain
Bjorgolfur speaking about random business
Overall amount of that business was...
6,3 billion euros
What features does it take to run a bank?
It's a huge thing to own a bank.. like Landsbanki
wich is huge in iceland
what you really need to do is..
...everyone can buy a bank
biggest banks in the world are on share markets
if you have enough money, you can buy the whole bank
if icesave will be a problem
wich is doubtful in my opinion
can be argued, yes
...lets talk about
how are we going to solve the problem today, problem today
how are we going to solve loan rates on familys
who took loans in euros, and the krona fell..
how are we going to solve the bank problems
how are we going to create more jobs
wich the banks created
who are suppose to pay the tax gaps that the banks paid
wich was used for building the society
how are we able to fill those gaps
these are the problems that we have to solve
...i need to get some water
you have to understand that
..that Bjorgolfur was never in the board of Landsbanki
he never had any information, about Icesave
and he really only particapated in hireing a CEO of Landsbanki 2003
yes I understand, just a shareholder
everything is, you know..
so many think that a person is involved in...
I look at my self as a foreigner
..I come here to the Iceland
..I'm attending a wedding and i'm draged into this
what can I do, what can I do
then I come back next weekend, I was requested, what can I do
and the one who stands the farthest from the business
Like a coach
the one who isnt on the field he's the best one to bring sens into things
my role is kind of a coach of an handball or a football teams
i'm not too close to this
i'm too far away from politics, i know so little about it
what is money in your eyes
money is just a tool
..i think its interesting in the discussions now
money is just a tool that is like
Seeds
something that a farmer does
goes out and needs to put it in a furtile ground
and nourish and grow
and then bring it back to the house
and do the same a year later, that is my view on money
..something interesting here home that I hear
where did all the money go?
people had said, where did this and that money go?
and people look at money as
sometimes like
a big rock
like a big rock that is stuck for thousand years
money is not like that
money is like a food product
if it isnt taken care of
then it gets rotten and disappears
and what has happen past couple of months
a enormous amounts of money, have disappeared
they dont get lost, like one looses and the other profits
that is marxian economics
when money get lost
then they disappear.
its raining
yes it does that sometimes
tell me one thing
when a person suddenly has access to a enormous amount of money
when your not used to
what happens personally?
.. I think
a bit human
to get reckless
..reckless-er
we tought we were making business
that was good
and we still think so
biggest part of our business was good business
the people was who that lost the most
on the crisis
I think they are scared talking about it
I think they are ashamed speaking about it
about their loans
my mother used to say
walk slow thru the happy doorway
when i was younger, going downtown
and sometimes definitly walked fast thru those doors (business)
it created a moment what people were doing
was not just in Iceland
I had alot of business in Britain
it wasnt diffrent their over
people lived high
what do you think about
in relation to KaupĆ¾ing
and loans to..
owners
sure, it is criticizable
some loans that were..
done on time when
when the situation was tight
loans that take place
couple of days before the crisis
cant judge, dont really know the history
they dont say they didnt
loan to those owners..
i had read about it in swedish newspaper
it was a big article their over
and I got in a little shock
when I saw this crazy numbers
was really hard to belive
how it can take place..
...at our bank
were alot of assets behind it
was not out of the blue
insured assets
some people had more access then others
no question
I have been tracing people
who is leaving the island
had lost everything
to start over
familys have split
if you can blame one thing about the crisis
what is it?
if you could choose to blame one thing
or a person
I have a strong opinions on
..if you are saying people are fleeing the island
because this is a crisis
are just looking for a better place to startover
..I think the crisis never had to go this way
it didnt need to happen this crisis