In fact, everything that his been done since Jimmy Carter was in office that concerns economics and tax law -- just repeal every bit of it and all of a sudden, things will function for the working person again.
Originally posted by TheLegend
Iceland's population is 300,000 and their diversity is "93% Icelandic/white, 7% other (and probably also white)".
It's not very difficult to manage a stable economy or have the government do something like this, under those simple conditions.
I'm wondering when this will be mentioned on the news here, if at all.
Originally posted by JaneC
That is just sooo awesome!!
If only they would do that here in the UK too
Originally posted by 3litechasr
I'm with Milky Way...this isn't a good thing.
Our politicians pushed the banks into making bad loans, no one person had a gun held to their head and was forced to sign a contract they could not meet. The onus is on the loan taker to make good on the note.
Why do so many people seem to think that they should get something for nothing?
Who other than Milky Way wants to loan me a few hundred dollars? I'm on hard times too, I've been un and under employed for 12 of the last 30 months. I never defaulted on anything though.
Just my half a dime...
"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"
Originally posted by Patifier
You need to understand the scope of the 2008 financial crisis and derivatives and then you will see the crimes that were and are being committed.
Whatch this film, it even starts with Iceland case: vimeo.com...
Also, many have been tricked into signing their mortgages. They didn't read or understand the fine print.
Originally posted by Korg Trinity
Oh sure great idea.... Lets reduce the housing market to pennies... Thats right i want to have paid my mortgage 75% paying out more than £100k and to loose it all because my house is now worthless....
Our politicians pushed the banks into making bad loans,
no one person had a gun held to their head and was forced to sign a contract they could not meet. The onus is on the loan taker to make good on the note.
No more loans for people who can't pay them back.
Look, the "Evil Bankers" did not make the laws, they only follow the laws.
One does not negate the other.
I believe if you borrow money and agree to terms, you sign your name, you should honor your name and commitments.
I am icelandic and live in Iceland and i want to tell everyone that this is not true , a certain type of loans and their terms was corrected through the justice system but the public is basicly still struggling with the money fascists and secret societys. But not for long
I heard there are like 24 empty houses to every 1 homeless person. Even if that ratio is off by some, it's still a quite significant illustration of the convoluted priorities of our society. And we claim to be a "Christian" nation.
Born and raised Icelander still living in Iceland, and yes i can confirm that this is complete nonsense if you ask me. The news stations in Europe and couple of other media outlets have blown these stories out of proportions. A couple of bankers got fined and 1 or 2 got sentenced to jail. Other than that the same people are still running this place. Secret societies, corrupt bankers & politicians still run this place from A-Z.