From Michael Lewis’ justly-praised and widely-recommended story of the financial crisis in Iceland

the financial stuff eventually overwhelmed the fish.

He’s in the midst of explaining how fishing guys discovered a currency carry trade and just kept at it. More broadly, though, there are a lot of places where the financial stuff eventually overwhelmed everything else. A world in which GM is a finance company that happens to distribute automobiles, in which world-renowned universities are hedge funds with some teaching attached, and so forth is one that is seriously unbalanced. And now the rebalancing.

From our blogroll, the Iceland Weather Report has been consistently good with the stories of real life after the collapse. Today, the weather is “Another day, another bank failure“.