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• Category:World & Business

Submitted by theJones1 on 10/10/2008

to the sea… is the end of the title that got cut off on the digg submission.

In any case, the article was an interesting look at the financial crisis on the denizens of Iceland.

When much of Iceland’s banks became privatized, some left the country’s fishing industry to “strike it rich” at the banks.  Many did in fact find fortune, but the banks became highly leveraged and their assets became too much for the economy to back.  Now, with the crisis, the government is seizing back the banks.

And, the people are going back to fishing.

Original Description:

Icelanders are returning to fishing after the global financial crisis ruined the country’s swollen banks.

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