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Iceland For Sale

Tuesday - Jan 13, 2009 - 4:33 PM

Iceland - source: Wikipedia

The collapse of the three major Iceland banks initiated the biggest banking collapse in one country in the economic history. Then the stock market in Iceland went down 90%. Couple that with the rapid decline in value of the currency and the recipe for economic disaster is ready.
But wait, did somebody say a crisis creates opportunity? Iceland was offered for sale on eBay. The listing got close to 100 bids and check out some of the questions bidders were asking:

  • Do you offer volcano/earthquake insurance?
  • Is it possible that my payment will be frozen?
  • Will you accept C.O.D. as a form of payment?
Pretty serious investors!

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