Iceland's Oddsson says he did spot flaws

David Oddsson, the former governor of the Central Bank of Iceland who presided over the country's financial meltdown, has said he did warn of the dangers posed by the country's over-reliance on the banking sector.

Oddsson told the Daily Telegraph, a British newspaper: "It was my attitude that nobody should be able to own more than about 8% [of a bank] because otherwise they could influence how the bank was run, especially in Iceland where we only have relatively few banks. I advocated it in s