Iceland Jail Top Bankers For 46 Years, Europe ‘Outraged’

Not sure if this is the proper place but thought if we in the west wanted to avoid the coming melt down ,then doing to the bankers what is just might work .

Iceland has found nine top bankers guilty and sentenced them to decades in jail for crimes related to the 2008 economic crash. On Thursday Iceland’s Supreme Court returned a guilty verdict for all nine defendants in the Kaupthing market manipulation case, after a long running court trial which began in April last year. Kaupthing was a big international bank headquartered in Reykjavik, Iceland. It expanded internationally for years, but collapsed in 2008 under huge debts, crippling the small nation’s economy.

investmentwatchblog.com...

Because the west bailed them out they are making round two to steal our savings with this -% interest crap they are selling is not logical . How can you claim something as interest if there is no + or positive aspect to it ....These bankers need to be prosecuted for their crimes against humanity .

a reply to: the2ofusr1

hang them high for all to see.

a reply to: the2ofusr1

To bad the US couldn't/wouldn't jail the CEO's of the too big to fail. So Iceland's laws and imprisoning their bankers won't stop the next crash, like it or not, our fates are all tied to each other.

I'm okay with a mass lynching for the guilty.

I'm going with tadaman- hang the bankers high.

Problem is, it's too late to save the majority of people from the mess they've created.

edit:
negative interest will create three mindsets.
1) the people who never had anything in the bank anyway, living paycheck to paycheck, will say 'meh'
2) some people will just stop saving and start spending every dime they make, joining group 1.
3) The last of us would start hoarding cash, and be vilified as the crazies.

A few years later they'll eliminate cash, and anyone hoarding it will be eliminated from the system as criminal.

No need to hang them. charging, trying, convicting and sentencing them to decades is far better.

Nobody else is going to try that in Iceland.

Hooray for them. What a shining example for the rest of the worlds Banksters.

Keep Out!

a reply to: lordcomac

The crash/war seems to be inevitable but its never too late for justice . I watched this vid today and the guy makes a good point concerning the banks drugs and war . It would make sense that Russia/China/Iran have decided to make a stand where they did .

a reply to: the2ofusr1

That's very nice since their Supreme Court must not be corrupted and their "authorities" went after the involved, high level criminals.

Banks should never have been released from their leashes to gamble with taxpayers money, and inventing their own ponzi schemes, and manipulating stock markets, and fudging numbers, and creating bubbles, and.... and.... and....

Three words:

Hung
Drawn
Quartered

Good for them!

That will be our next vacation spot.

a reply to: the2ofusr1

Thanks to the negative interest rates in some countries and incredibly useless rates in the U.S., we are "encouraged" to have all our money out in the system, where it eventually tends to get sucked up by the wealthy. What happened to compounding interest making keeping money in the bank a way to grow money? Banks are making record profits, banks get away with destroying our economy without real consequence, and taxpayers get stuck holding the bag. Banks borrow money from US! Then in theory they loan some out and make profit off of our money.... but don't share that profit. And since deregulation, they are allowed to take big risks in such things as derivatives and other potentially dangerous investing and again, we pay the price. It is our money. We should be sharing in the profits. And when the bankers commit crimes... crimes, that is, that are determined by the citizenry and not Made Legal crimes thanks to lobbying Congress to change legislation letting them get away with outrageous thievery, they should do more than simply paying fines that are then passed on to the consumers.... they should be fine AND jailed! In effect, they are slapped on the wrist lightly and again... the consumer pays for their crimes in higher fees.

Too bad we can't do that. The specter of a bunch of high-level bank execs rotting in prison would do wonders to clean up our financial system.

Maybe we could set up a prison camp in the interior of Alaska somewhere. Our own version of Siberian exile.

Iceland realized it was the entire system that was bad. Banks selling their short term debts to other banks, speculating on job growth, relying on foreign currency, and letting the bankers get away with it. So they nationalized the currency and refused to pay back minimum loans. Good for Iceland on that brave move! They did a free fall and their value of money dropped. They had a four year economic recession. But the one thing they had going for them was production of energy from thermal vents. THAT allowed Iceland to not go completely under. They stabilized their currency and their economy has mostly recovered.

Now the bankers that led to the collapse, did nothing to help and recover, then fought the law and lost are facing jail--like a common criminal... I see nothing wrong with that! It just shows that the entire industry is corrupt if European bankers are shaking in their collective boots should the same fate befall them.

Ah, knew I could find some doom porn if I just looked hard enough! European banker doom porn!

The criminal banking elite are still at it.

I got a letter the other day telling me they are cutting the interest on my savings from 0.25% to 0.05%.

What that means is if I had 100,000 in the account they would give me 50 per year for it.

And yet if I go to them and ask for a loan of 100,000 they want to charge me something like 4% which works out to 320 a month or 4000 per year.

They charge 4000 for something that cost them 50.

Thats an 80 times mark up.

Criminal doesn't cover it.