Icelandic Banks?

  • Thread starter Thread starter gorilla
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gorilla

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Why is it that people are willing to put money into accounts with Icelandic Banks when their credit ratings are worse that Northern Rocks was as a result of sub-prime debt?
Isn't it funny how greed for interest rates clouds the brain when it comes to investing.
 
If you want to own an Iceland deposit, do so through Everbank. You can buy a CD in Icelandic Krona, but it is FDIC insured. Keep in mind you are still subject to risk of currency valuation.
 
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