A video which is said to have been shown at the stimulus meeting of the high command of Kaupthing at the French Riviera in 2005, has been discussed amongst Icelandic bloggers for the past few days and has now raised attention outside of Iceland. The Danish newspaper Berlingske Tidende covers the video today and says it is a mark of the way of thinking within the bank and finally lead to the collapse of the bank.

In the video which is in English is a question: "What is Kaupthing?" That question is then answered with pictures of many of the main people from history and information that Kaupthing had doubled its size each year for eight years and the profits had increased by 500% in only three years. "Kaupthinking" is the thought behind a normal thought.

"This is the rare view into the culture that was ruling in the largest bank of Iceland and one does not need a University degree in understanding signs to see clues of megalomania - and so the explanations of why everything turned out for the worst," says the Danish newspaper.

The article in Berlingske Tidende

News Article by noname
Translated by Anya
Original Article in Icelandic

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link to video
written by used to live there, August 29, 2009

http://www.youtube.com/watch?v...edded#t=17 check out the amazing video

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