Iceland again and the ongoing banking crisis.

The second day when the Online Times refuses to publish a comment of mine on the Iceland affair (see post below). Less surprisingly today perhaps, as my ire was raised by this nasty slur at the start of Mr Hattersley's article upon which I commented, linked here: "Icelanders are, by nature, intrinsically unreasonable." Hattersley states in his first sentence. At least The Economist recognises the significant aspects of the Icelandic situation which The Times chooses to ignore - Read here. MEANTIME - ANTICIPATING REJECTION - I today copied my exact comment to the Hattersley tripe in The Times, which was as follows: Mr Hattersley, as has been his habit down the years, is completely wrong on this matter. The Icelandic refusal, if confirmed in their referendum (wot that?), to repay deposits lost outside normal EU interbank guarantees are showing the way for ordinary people everywhere to eventually escape the results of the banking fiasco and the present government's policy of the printing of vast sums of useless money under QE. Brown and Darling will eventually be found to have acted illegally in the banking bailout as confirmed by the NAO on the last day of the parliamentary sitting in June last year. When they are eventually jailed (if such is possible under Scottish Law), or otherwise brought to account, then I feel sure small property owning English taxpayers will be as reluctant as the Icelanders to pick up the tab for the profligate commitments made without benefit of parliamentary approval by these two incompetents. A blow by blow account of the HBOS Lloyds RBS fiasco is available in these blog archives as well as the illegality of the bailout as stated by the NAO last June. The illegal conspiracy has now been compounded by Parliament's inaction on this matter since its return. The depth to which this law-busting conspiracy has spread across large parts of the British establishment was again illustrated last evening on the Jeff Randall programme when, from Edinburgh please also note, a funds manager refused to explain why he had deliberately thrown millions down the sewer at the behest of Brown and Darling and contrary to the obligations of his office and interests of his policy and share holders.