Yes, really interesting though it says more about the culture than the financial crisis itself. :P
http://money.cnn.com/2008/12/01/maga...tune/index.htm
This article has more of a financial approach, but it really cleared the situation for me. As far as I can see Icelanders built wealth artificially with high risk and huge amounts of debt, and now it's all gone to pooper. In the mean time Britain and other countries act like asses and don't give any support. So I'd say the blame is half/half.
Just shows that the free market is fundamentally flawed in the long run.