Iceland to get $10 Billion in bail-Out loans - who is to benefit?

Only four weeks ago we learned - already in disbelief about that number - that the IMF would give a $2 Billion bail-out package to Iceland. Latest announcements in the press have - again - raised this number to an even more staggering 10 (!!) billion US Dollars. We are not surprised by anything anymore. Who said that you could never go wrong underestimating the intelligence of civil servants (especially when they spend other people's money)?
Iceland has a population of just 320,000 inhabitants. Now that the IMF has generously decided to give a $6 Billion loan to the country it is worth putting these numbers in perspective: a simple calculation tells you that every man, woman and child in the country will have to bear the burden of about $20,000 in debt which translates to around $75,000 for the average family.
Just imagine - if the United States would be the recipient of this bailout it would translate into the staggering sum of $6 Trillion - that is $6,000,000,000,000 for those not yet too familiar with trillions - as the population of the US is about 1000times larger.
Anna Schwartz just raised serious doubts about the US rescue package - in particular about its transparency and efficacy. We agree with her and would raise the same question: who really benefits from the Iceland loan? Does it benefit the country or is it supposed to bail out imprudent lenders that advanced more loans to the country than it could ever have serviced in the light of level-headed credit appraisals?