I think about that too, in fact the other day I tried to find out how they're fairing right now since they took drastic steps to prevent it from happening again but there's no data that I could find.
Yeah these people dragged things out in court, got mostly commuted sentences, kept their assets and are still big players in business with strong ties to politics. A left wing government was briefly in power, did the painful clean-up and got unpopular, then we voted the same politicians back in.
Everyday I think about the fact that iceland jailed the people responsible for their financial crisis
---
Yes.
They proved what was the right thing to do.
-Unlike so many other . . .
Norway, Iceland, Liechtenstein, and Switzerland — signed a new and modernized free trade agreement with Ukraine.
An important milestone. The agreement is a key contribution to Ukraine’s integration into the Eu market and will enhance Ukraine’s resilience, economic development, and growth,
We said hold my beer and decided interest free hundreds of billions as a reward was the way to go while millions lost their homes. Bet it happens again unfortunately.
No, he wasn't caught. He fessed up. There were forensic accounts saying it was fishy as fuck but there was no investigation. He just said oh by the way no more cash out it was ponzi scheme I can't pay you. Elizabeth Holmes was caught fucking with rich people's money.
True. We were truly mad and in the end 25% of the Reykjavik area joined the protest and the government fell. 36 people got jail sentences and at that time our population was only 317.000
This is so wrong. Yes these bankers got jail sentences but they were probationary. No more than 2-3 did any time in jail. They kept all their money and all their property. There was no justice.
There were more than just 2-3. I know some of them got time served but I remember definitely more than that. But they served at Kvíabryggja so semi jail😅
And the largest bank to survive well after the crash was one run by a largely female board and CEO. The women always have to clear up the mess the men make . I expect USA will be the same
Obama let the bankers walk without punishing anyone. On top they got billions in aid.
If Dems win majority and presidency in '28, I am pretty sure they will let trump walk in the name of decorum. None of the criminal acts from current administration will get prosecuted.
Holding criminals Accountable is a deterrent. Here in America we refuse to hold rich white men accountable. Political and Financial Crime in America is lucrative just look at the current occupants of the white house.
Former consort once edited a video on Iceland’s response and I almost didn’t believe it was true. #complicitmedia here were all in on the banksters’ story.
I often think about how we sent Martha Stewart to jail for vague insider trading but we have congresspeople and stock market manipulation Going on boldly in public and nobody bats an eye
She obviously didn't even know her trader did anything illegal, otherwise she wouldn't have blabbed about it like she did. Think of all the rich that get away with it because they know to keep their mouth shut ....
Martha Stewart is used by lawyers as an example of "This Is Why You Never, Ever Talk to Cops". She was giving a Christmas party and had been drinking and the feds showed up to "just ask a few questions " and she chatted with them. They couldn't get her for inside trading so they got her for "lying".
And the prosecutor on her case was…Jim Comey. When, like decades later, he could have been investigating literally anything else. Just too small of a corrupt world.
We paid our criminals multimillion bonuses, protected them prosecution and let them go on to commit more crimes by forging deeds to toss their victims into the streets. Isn’t that normal?
What about the ones that incited an armed insurrection against their own government and wanted their VP HANGED on live tv and working at the behest of Vladimir Putin?
Look at the story Grapevine is linking to here. A tiny percent of cases resulted in conviction. And those convicted mostly got commuted sentences, served in open prisons, kept all their assets and are still doing business in Iceland and abroad.
Seriously! We let the goon class terrorize us and twiddle fingers when we have the power to put the bad rich guys in jail. Even the Dems can only put the 99%ers in jail.
It’s a miniscule population, not much more than half the population of Alaska, where everyone is related. There is plenty of money to go around between them and incredibly cheap energy
My point still stands. US politicians need money like fish need water. It has made our system corrupt and unworkable for all but the very wealthy. Frankly, I Don’t recall bringing up Iceland.
The USA wouldn’t even jail those responsible (as opposed - briefly - to the participants) for an insurrection so don’t hold your breath for action against Trump and his idiots who are trashing their and the worlds economies
That little shit Geitner didn't even think it was necessary to explain how the bailouts worked. There was no empathy, from him, for average citizens. We lost a lot of blue collar voters because of him.
Iceland is an island.
It has 400 miles of water to the next land..
So, in it selv.. it is a prison..
A giant Alcatraz..
So, if you want to escape...
You better be a pilot..
You are right...we did jail 3 bankers..
However, the jail they were in is called Kvíabryggja and is more like a summer boot camp for prisoners..
They have nice cells,internet, good food and everything that you would expect in a nice 3 star hotel..
No bars for the window..
Not even locked doors..
Icelanders are rather humane people in general. There is nothing like the chain gangs, private prisons with dreadful treatment of inmates, for profit, or dumping people in horrific prisons in El Salvador. All common now in the US. God bless Iceland xox
Yeah..and there is a running joke that we should put our seniors in prison..and the criminals in old home care because..
The criminals they are treated better
It's a funny thing that we have a prison to Blue Collar Chrime persons..who cheat billions..
And then we have another prison that is for a person who smugles 10 grams of hash into the country..
AND THAT'S IS NOT AS NICE
This is what I found on YouTube about where Blue Collar criminals who cheat billions and wrecker many families and lives are sent to..
It is in Spanish... but the image is to watch..
And France barred Marie Le Pen from running for public office for 5 years because she was found guilty of embezzlement. Why can’t we have nice things here?
Because France's institutions are stronger than ours. Partly because they didn't have a president who sat idly by while his AG ran out the clock on Le Pen's crimes.
and our far right has been working on replacing federal judges with their own zealots for many years now...including a dominant majority on the Supreme Court. We're stuck with these anti-democracy rightwingers for years and years.
I think money in politics in US skews and distorts alliances. Our politicians are not necessarily working for (all) their constituents. Suboptimal outcomes for democracy as a result.
It's never too late. I may be hazy on my history of quotations as an aussie, but wasn't the US built on the premise "of the people, by the people, for the people"? It doesn't get more *all of that* than jailing those who caused everyone to suffer. 🤞
Funny how rich members of the racial and religious majority have been fighting so long in the courts and the media to paint themselves, and only themselves as "the people" in the US.
I'm sure that won't end badly for everyone outside that group. /s
Yup! Iceland had a few women’s strikes and later the whole Island, in which they were able to implement law for gender parity in government representation. Even UAE has these gender parity laws (and in both countries, ~40% in upper governance are women).
Rutger Bregman in “Utopia for realists” saw sanitation workers etc strike & the problems it caused that showed their value. He could only find one example of bankers striking…
Obama’s biggest mistake was not having the DOJ prosecute the CEOs of the “too big to fail” banks. In general, by not prosecuting enough white collar crime for decades, it has lead us to our current situation.
Well, it's obvious that it won't happen here but it'll make for a nice dream. In the meantime...
#Berlusconi
#Ceausescu
#MrsCeausescu
#JeffersonDavis
#Madoff
#KenLay
#ArthurAnderson
I could go on all day but the dog needs to go out. See you in my dreams.
Let me tell you I could make a couple of suggestions for people who should be put on ice floes breaking off into the north Atlantic, if that's an option
Forgot which financial leader it was but I think it was Lloyd blankfein at a panel discussion and someone asked why no one was jailed and he responded in the most aggressive way “who who tell me should have gone to jail who?” Etc etc and I never wanted to choke anyone out more in my whole life.
We should try that. After they did that they started being a global tourist destination too which given the current situation seems a desirable outcome for this mess
Yeah but America has a tycoon fetish and treats billionaires like god-kings. So, it’s easier for Americans to put brown people in cages than to hold rich white men accountable.
Philippines jailed Duarte, South Korea their sitting president, Venezuela is trying Bolsonaro. Only this country is afraid of it's political criminals.
We will do that to Trump and his circus as long as the Dems do not retake the damn high road. They need to bully these bullies and get them in jail for a list of unlawful acts we have all witnessed. Screw them. We all deserve to be here. #RESIST
HAHAHAH! no. Obama in late 08 was the most powerful a single senator has ever been, and he worked to water down and change Paulson's bailout proposal to better help the banks. His party did negotiate a third of tarp to help the defrauded, which the Obama admin did NOTHING with.
But is it actually used to hold them accountable or is it a tool for political retaliation? Like they're ALL corrupt anyways, it just sounds like a way to get back at your political rivals.
It looks like political detainees are brought there for attempting to dissolve Congress. This appears to have happened multiple times in the past 20 years.
Comments
that takes food off childrens tables to pay for it
If you want to commit crime,
move to New York
Or let it be a death penalty
I want people like Luke Farritor locked away for life fed a steady stream of stories of each person he administratively murdered.
---
Yes.
They proved what was the right thing to do.
-Unlike so many other . . .
Neither did we.
An important milestone. The agreement is a key contribution to Ukraine’s integration into the Eu market and will enhance Ukraine’s resilience, economic development, and growth,
i), put punitive taxes on financial speculation while giving tax breaks to research, production and other initiatives promoting job creation;
ii), though hard-hit, were the first country to emerge from the financial crisis and get back on track.
https://grapevine.is/news/2018/02/07/36-bankers-96-years-in-jail/
If Dems win majority and presidency in '28, I am pretty sure they will let trump walk in the name of decorum. None of the criminal acts from current administration will get prosecuted.
https://www.bbc.com/news/business-35485876
...'she would give advisers that she liked a copy of Trump’s The Art of the Deal as a leaving gift.'
'Trump gave his public backing to Truss during her short premiership in 2022, stating that he thought “very highly” of her'...
https://inews.co.uk/news/politics/liz-truss-plan-woo-trump-fanatics-maga-thatcher-3491922?srsltid=AfmBOop5UYuCgd5u-_pIPuaIQO6Uu19XyyGJLjXspl6FDEANdfCcky_e
https://grapevine.is/news/2018/02/07/36-bankers-96-years-in-jail/
#WakeUpAmerica
#ImpeachTrump
https://www.bbc.com/news/articles/cd753r47815o
I should know because I'm one of the ones thinking "crucifix except run a shitload of electricity through the spikes"
Did they skim the cover of an Amazon book written by a guy who made up his sources?
Idk
The economy is being crushed using ideas laughed at in Econ101.
the ones who could stop it?
They won’t.
Is it cuz they hate minorities — or they’re terrified of their own voters? 🤷🏻♂️
Stop thinking about a falsehood, start looking stuff up instead.
Direct one.
It’ll work out in the long run
https://en.m.wikipedia.org/wiki/Women_in_Iceland
https://www.nationofchange.org/2016/01/17/iceland-sentences-26-corrupt-bankers-to-74-years-in-prison/
It has 400 miles of water to the next land..
So, in it selv.. it is a prison..
A giant Alcatraz..
So, if you want to escape...
You better be a pilot..
However, the jail they were in is called Kvíabryggja and is more like a summer boot camp for prisoners..
They have nice cells,internet, good food and everything that you would expect in a nice 3 star hotel..
No bars for the window..
Not even locked doors..
The criminals they are treated better
And then we have another prison that is for a person who smugles 10 grams of hash into the country..
AND THAT'S IS NOT AS NICE
The injustice!!!
You are send to another establishment..
Not so nice..
It is in Spanish... but the image is to watch..
I'm sure that won't end badly for everyone outside that group. /s
The Icelandic people are very liberal, so this is quite a response from them.
#Berlusconi
#Ceausescu
#MrsCeausescu
#JeffersonDavis
#Madoff
#KenLay
#ArthurAnderson
I could go on all day but the dog needs to go out. See you in my dreams.
Lock Them Up
Viva La Merica
I guess now I also will think about South Korea
Somehow, recently, people seem to have forgotten that.
I merely commented that it seems that the world has forgotten how to use it.
See Rick F ing Scott
Sometimes you HAVE to take the LOW road.
found her guilty and threw right on out
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