Results 1 to 5 of 5

Thread: Bankers jailed, sued as Iceland seeks culprits for crisis

  1. #1
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 10:14 AM
    Gender
    Lean
    Conservative
    Posts
    39,756

    Bankers jailed, sued as Iceland seeks culprits for crisis

    REYKJAVIK — More than a year and a half after Iceland's major banks failed, all but sinking the country's economy, police have begun rounding up a number of top bankers while other former executives and owners face a two-billion-dollar lawsuit.

    Since Iceland's three largest banks -- Kaupthing, Landsbanki and Glitnir -- collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.

    But the publication last month of a parliamentary inquiry into the island nation's profound financial and economic crisis signaled a turning of the tide, laying much of the blame for the downfall on the former bank heads who had taken "inappropriate loans from the banks" they worked for.

    NOTE: Article filed under "Best solution for dealing with banksters". Washington, please take note, and act accordingly.

    Article is here.
    The ghost of Jack Kevorkian for President's Physician: 2016

  2. #2
    Sage

    Join Date
    Apr 2008
    Location
    Huntsville, AL (USA)
    Last Seen
    12-13-17 @ 10:52 PM
    Gender
    Lean
    Moderate
    Posts
    9,766

    Re: Bankers jailed, sued as Iceland seeks culprits for crisis

    Here, here! I've been waiting to see how this country would handle it's own banking/invester problem. I'm all for toughing financial regulations, but I also think those who profitted by scamming the public should be put in jail.

  3. #3
    Banned
    Join Date
    Jun 2008
    Location
    Canada
    Last Seen
    12-26-10 @ 06:57 PM
    Gender
    Lean
    Independent
    Posts
    8,083

    Re: Bankers jailed, sued as Iceland seeks culprits for crisis

    What are they going to charge them with?

  4. #4
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 10:14 AM
    Gender
    Lean
    Conservative
    Posts
    39,756

    Re: Bankers jailed, sued as Iceland seeks culprits for crisis

    Quote Originally Posted by Orion View Post
    What are they going to charge them with?
    Embezzlement would be good for starters.
    The ghost of Jack Kevorkian for President's Physician: 2016

  5. #5
    Educator
    Join Date
    Mar 2010
    Location
    Minnesota
    Last Seen
    10-15-10 @ 08:55 AM
    Gender
    Lean
    Very Liberal
    Posts
    718

    Re: Bankers jailed, sued as Iceland seeks culprits for crisis

    Quote Originally Posted by danarhea View Post
    Embezzlement would be good for starters.
    .. and fraud.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •