Well it all happened a few years ago. All of the big banks were government owned or people owned them. And we had a conservative party in Iceland for 18 years and during that period they basically privatized everything the people owned, including the banks a few years ago. And they sold the banks relatively cheaply to friends and allies. And they made, in a very short period of time, all the legislation vanish that would have them, you know, having to not expand as quickly as they did. They became 5 times bigger than the annual GDP.
You arrange a huge loan to that country, and you strike a really good deal for multinational corporations. And then in the end a country can’t pay off its loans, like Iceland can’t now, so you’ve got them you know, their part of the empire. You can ask favors, you can ask vote with you on the next UN vote, whatever. And so I watched this happen all over the third world or in my time as an economic hitman and here it was happening in Iceland, and now it’s happening in the United States. It’s very similar to what we’ve done with our housing loans. You know we’ve convinced people to take out loans that they can’t pay.