In this place, Egilsen, you might find one of a handful of people responsible for the economic crash of Iceland. PIC Dr.Jaus

In this place, Egilsen, you might find one of a handful of people responsible for the economic crash of Iceland. PIC Dr.Jaus

Ever wanted to meet a real-life architect of economic ruin of a whole country? Now is your chance to do just that on your travel in Iceland. Just pop into a certain “boutique” hotel in the tiny town of Stykkisholmur and you might meet one of seven or eight individuals responsible for the economic crash of Iceland in 2008.

This guy, Hreidar Mar Sigurdsson, used to be a superstar in the country.Local newspapers were full of articles about this genius in the years before september 2008 and all the articles were positive as Muslims are to Muhammad. [blockquote type=”blockquote_line” align=”right”]Care to do business with a criminal?[/blockquote]

Hreidar Mar, the manager of the largest bank in the country, Kaupthing bank, for years had everything and then some left over.

The man in question is Hreidar Mar Sigurdsson. Currently behind bars for massive fraud

The man in question is Hreidar Mar Sigurdsson. Currently behind bars for massive fraud

But as luck would have it while he had no problems running a big bank in good times he had not a clue what to do when things were not rosy and cozy. Thus, this superstar went down with his bank and almost taking a whole country down with it. Now, that is something to put on the resume.

Although still very very rich he is not very popular and in fact a number of lawsuits against him are pending. So, to keep a low profile he runs these hotels in Stykkisholmur along with his mom. In fact, he runs two hotels in the place.

Team Total Iceland would appreciate you not doing any business with this individual on behalf of the Icelandic nation but do pester him about the crash if you possibly can. You could also ask his mom if she is proud of her son and his actions that almost took a whole nation to its knees.

UPDATE: His actions have actually led to his arrest and a long prison sentence. Which means you´ll have to make do with saying hello to his mom. Do ask her about her upbringing.

The hotels he partly or wholly owns and we recommend you skip are: