The first of my Iceland dispatches is on the front page of tomorrow's Christian Science Monitor: an article, sidebar, audio clip, and "Reporters on the Job" piece focused on the causes of that country's financial meltdown -- the most profound in world banking history on a per capita basis, according to the International Monetary Fund.
As you'll read, hear, and see, Iceland privatized its banks and then allowed them to rapidly outgrow the economy and society that, ultimately, was expected to back them up if the worst happened. The worst did happen, leaving ordinary Icelanders to pick up the tab for the bankers' hubris.
I am an award-winning journalist and author of American Nations, Ocean's End, The Lobster Coast, and The Republic of Pirates. I won a 2012 George Polk Award for my investigative reporting. My fifth book, American Character, comes out in March 2016.