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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (32392)	6/26/2010 7:42:58 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 103300

Iceland's High Court VOIDS Contracts: The Next Icelandic Banking Crisis 9 comments Felix Salmon June 24, 2010 \| about: CRARY.PK / RBS How many times can Iceland’s banks fail? More than once, it would seem, in the wake of an important ruling by Iceland’s Supreme Court. It regards loans which were disbursed in Icelandic kronur but linked to either Swiss francs or the Japanese yen; the court has now ruled that the indexing is illegal, and that the borrowers need only to repay the loans at their initial interest rate in kronur.... seekingalpha.com