tried by the court. Iceland's banking sector ballooned to nine times the tiny nation's annual gross domestic product in a decade of boom, before collapsing under the weight of its debts in October 2008. The country's three main banks collapsed in a single week. Testifying on March 5, Haarde said neither he nor financial regulators knew the real state of Icelandic banks' precarious finances until they collapsed. "The bankers did not realize that the situation was as dire as it was, http://www.tomsoutletsalecheap.com - toms shoes ," Haarde said. "It was not until after the crash that everyone saw it coming." The office of Prime Minister Johanna Sigurdardottir confirmed on Friday that the verdicts would be announced on Monday. The special court includes five supreme court justices, a district court president, a constitutional law professor and eight people chosen by parliament. "I reject all accusations and believe there is no basis for them," Haarde testified. Part of their case hinges on a charge that Haarde failed to implement recommendations that a government committee had drawn up in 2006 to strengthen Iceland's economy. Haarde said the committee's work could not have prevented the crash. Haarde, the former leader of the Independence Party, became a hated symbol of the bubble economy for Icelanders who lost their jobs and homes in the crash, http://www.tomsoutletsalecheap.com - cheap toms shoes . Haarde told the court the banks' size would not have been a problem if not for their recklessness and a worldwide squeeze on credit, which also brought down major banks in the United States and Europe. Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed, http://www.tomsoutletsalecheap.com - tomsoutletsalecheap.com . Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By JILL LAWLESS, Associated Press LONDON (AP) He gets colonic irrigations, Botox injections and vitamin drips, and insists on black toilet paper in his home. A revealing new biography offers intimate some might say too intimate details about Simon Cowell, along with a portrait of the entertainment mogul's savvy business side. "Sweet Revenge: The Intimate Life of Simon Cowell" is written by British journalist and biographer Tom Bower, whose previous subjects include former British Prime Minister Gordon Brown, jailed media mogul Conrad Black and ex-Harrods owner Mohammad al-Fayed. His latest portrait of power centers on the tanned and brush-cut Cowell, 52, who has gained fame in both Britain and North America as producer and an acerbic judge on TV talent shows including "The X Factor" and "America's Got Talent." Bower says he became fascinated by the story of a middle-aged music producer who struck gold by turning the old-fashioned talent contest into a slick 21st-century phenomenon and in the process earned a fortune estimated at 200 million pounds ($320 million) by the Sunday Times Rich List. The book paints a picture of a man who struggled for years in the music b
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