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N.J. man: Iceland 'too small to fail'

BRANCHBURG, N.J., Dec. 29 (UPI) -- A New Jersey businessman and hockey enthusiast was so moved by Iceland's financial troubles he organized 100 people to attend a hockey tournament there.

Michael Dee, a Branchburg resident, told The Star-Ledger of Newark he estimates the group spent $200,000 during four days in Iceland in October.

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"It was pretty wild," he said. "Some of the guys figured they were bailing out Iceland by buying drinks for every girl in the bar. I helped out, too."

The 60-year-old Dee is president of a candy company and a graduate student as well as an amateur hockey player. He called the trip -- inspired by news stories about the collapse of Iceland's banks followed by a major volcanic eruption -- the "Great Icelandic Hockey Bailout."

"Our slogan was 'Iceland is too small to fail,'" he said. "We thought we'd give them a hand."

Dee said he plans future trips to bail out Iceland and expects to get twice as many people for the next one.

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