Iceland Just Jailed Dozens of Corrupt Bankers for 74 Years, The Opposite of What America Does
The prosecution of the Icelandic bankers represents an accountability that does not exist in America.
By Jay Syrmopoulos / The Free Thought Project October 22, 2015
The prosecution of the Icelandic bankers represents an accountability that does not exist in America.
By Jay Syrmopoulos / The Free Thought Project October 22, 2015
Raykovich, Iceland – In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison
According to Iceland Magazine:
In two separate rulings last week, the Supreme Court of Iceland and the Reykjavík District Court sentenced three top managers of Landsbankinn and two top managers of Kaupþing, along with one prominent investor, to prison for crimes committed in the lead-up to the financial collapse of 2008. With these rulings the number of bankers and financiers who have been sentenced to prison for crimes relating to the financial collapse has reached 26, and a combined prison time of 74 years.
In the U.S., not a single banking executive was charged with crimes related to the 2008 financial crisis, even though the U.S. itself precipitated the crisis. Icelandic President, Olafur Ragnar Grimmson summed it up best in his response when asked how his country recovered from the global financial crisis.
“We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the people and didn’t introduce austerity measures like you’re seeing in Europe.”
財政崩壊に導いた銀行家に実刑ーーーアイスランド
２００８年の金融危機のさい、アイスランドは銀行はつぶれるに任せ、国民のほうは支援した。欧州でみられるような緊縮財政もとらなかった、と。
ーーー要するに、銀行や銀行家を救済して、国民は見捨てた西欧の批判記事ですね。
