May 16 (Bloomberg) -- Iceland was offered an emergency loan by the central banks of Denmark, Sweden and Norway to shore up the krona and avert an economic collapse.

http://www.bloomberg.com/apps/news?pid=20601087&sid=apFhpvNXACf8&refer=home

What will this do to the price of real estate in Manhattan?

All of those foreign buyers, now out of the market!

On this one you are wrong...the Krona is stonger on this news US$1=74 krona vs 80 krona 2 days ago...so the Icelandic buyer will need less Krona today to buy that same apt, ergo making it 8% cheaper than 2 days ago

steve, I hear steam baths in Reykjavik are great for reducing man tits. You may want to give it a go.

JuiceMan, you seem to have a lot of inside information regarding the baths. Sure you're not gay?

I hope Apt_Boy is wrong. I was hoping to pick up Bjork's big black yacht for cheap at the forclosure auction.

At least we can get some humor on this board!

I've never been totally sure steve. Since I was a kid, Fonzie always had a weird impact on me. Been in therapy for years about it.....just something about that leather jacket. Hasn't been much of a problem until I asked my wife to call me Richie during sex.

I hated that show.

steve, you know that iceland was hurt not because they bought into the NYC market but because they over invested in the nonsense products. I am sure you read The Economist article on this.