Iceland Proves Ireland Did 'Wrong Things' Sacrificing Taxpayers

Feb. 1 (Bloomberg) -- On his second day as head of Iceland's third-largest bank, Arni Tomasson faced a crisis: The firm he had been asked by regulators to run was out of cash. It was Oct. 8, 2008, at the height of the global financial meltdown, and Iceland's bank assets in the U.K. had been frozen, Bloomberg Markets magazine reports in its March issue. Customers flocked to branches of Tomasson's Glitnir Banki hf to withdraw money, even though the government had guaranteed their deposits. By

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