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Iceland seizes Kaupthing, Closes Stock Exchange

Kaupthing is Iceland’s largest bank.   LOLFed says it all:

Iceland’s Economy is Bjorked!

Incidentally, today marks the one-year anniversary of Dow 14,000.


Just a couple of unrelated links.

Surge in demand for personal safes.  No worries; it’s probably nothing.

Lehman CDS settlement is tomorrow.  The outcome of this one may well spark a huge rally (if it is not as bad as expected) or a huge collapse (if it is worse).  Timeline.

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