Results 1 to 6 of 6

Thread: Iceland, a country that wants to punish the bankers responsible for the crisis

  1. #1
    Iconoclast
    DaveFagan's Avatar
    Join Date
    Mar 2011
    Location
    wny
    Last Seen
    Yesterday @ 11:41 PM
    Lean
    Conservative
    Posts
    7,302

    Iceland, a country that wants to punish the bankers responsible for the crisis


  2. #2
    Iconoclast
    DaveFagan's Avatar
    Join Date
    Mar 2011
    Location
    wny
    Last Seen
    Yesterday @ 11:41 PM
    Lean
    Conservative
    Posts
    7,302

    Re: Iceland, a country that wants to punish the bankers responsible for the crisis

    It is curious that in the USA, trillions of dollars of mortgage monies went to the bankers and the USA gov't wound up with the paper. That would be Fannie Mae and Freddie MAC. Any thoughts or explanations?

  3. #3
    Student Иосиф Сталин's Avatar
    Join Date
    May 2011
    Location
    Columbus, GA
    Last Seen
    10-02-11 @ 06:43 PM
    Gender
    Lean
    Other
    Posts
    218

    Re: Iceland, a country that wants to punish the bankers responsible for the crisis

    Iceland is a nation with a very, very small population. The mailman of your village is likely to be acquainted with the policeman and they've probably drunk one or two together at the local pub. The mayor might have also been there on a couple of occasions. All people share common interests and are working-class heros there. In such a context it is difficult not to see that your rights and your safety and those of your neighbors have been jeopardized by bankers. It's easier to see who's guilty because you can clearly see who couldn't have done it.

    Instead, in the US, with its hyperbolic population in comparison to Iceland, with all the political smoke screen generated in the media, and everyone blaming everyone else, it's not so easy to detect the culprit. So the abuses are inadvertently carried out further until society collapses completely.
    Last edited by Иосиф Сталин; 07-10-11 at 06:23 PM.

  4. #4
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: Iceland, a country that wants to punish the bankers responsible for the crisis

    Quote Originally Posted by DaveFagan View Post
    It is curious that in the USA, trillions of dollars of mortgage monies went to the bankers and the USA gov't wound up with the paper. That would be Fannie Mae and Freddie MAC. Any thoughts or explanations?
    Yes....Government Mortgage INC was a terrible idea........had F&F never existed.......the mortgage meltdown wouldnt have either.......
    .
    ..

  5. #5
    Iconoclast
    DaveFagan's Avatar
    Join Date
    Mar 2011
    Location
    wny
    Last Seen
    Yesterday @ 11:41 PM
    Lean
    Conservative
    Posts
    7,302

    Re: Iceland, a country that wants to punish the bankers responsible for the crisis

    Quote Originally Posted by Иосиф Сталин View Post
    Iceland is a nation with a very, very small population. The mailman of your village is likely to be acquainted with the policeman and they've probably drunk one or two together at the local pub. The mayor might have also been there on a couple of occasions. All people share common interests and are working-class heros there. In such a context it is difficult not to see that your rights and your safety and those of your neighbors have been jeopardized by bankers. It's easier to see who's guilty because you can clearly see who couldn't have done it.

    Instead, in the US, with its hyperbolic population in comparison to Iceland, with all the political smoke screen generated in the media, and everyone blaming everyone else, it's not so easy to detect the culprit. So the abuses are inadvertently carried out further until society collapses completely.
    I agree 100%. Also, the common denominator for hundreds of millions of citizens to be misinformed has to be the media. Here we are on a forum that can redact that which is not sourced to this misinforming "media" as if that source is grounded in truth. At the same time our basic observations force us to conclude that the "media" is suspect, even most certainly guilty of generating false information and disseminating it as truth. Otherwise, we would most certainly be trying to put our "banksters" in jail.

  6. #6
    Iconoclast
    DaveFagan's Avatar
    Join Date
    Mar 2011
    Location
    wny
    Last Seen
    Yesterday @ 11:41 PM
    Lean
    Conservative
    Posts
    7,302

    Re: Iceland, a country that wants to punish the bankers responsible for the crisis

    Quote Originally Posted by Иосиф Сталин View Post
    Iceland is a nation with a very, very small population. The mailman of your village is likely to be acquainted with the policeman and they've probably drunk one or two together at the local pub. The mayor might have also been there on a couple of occasions. All people share common interests and are working-class heros there. In such a context it is difficult not to see that your rights and your safety and those of your neighbors have been jeopardized by bankers. It's easier to see who's guilty because you can clearly see who couldn't have done it.

    Instead, in the US, with its hyperbolic population in comparison to Iceland, with all the political smoke screen generated in the media, and everyone blaming everyone else, it's not so easy to detect the culprit. So the abuses are inadvertently carried out further until society collapses completely.
    "it's not so easy to detect the culprit."

    I disagree with this statement. The banksters were peddling bad paper (mortgages) as investment quality when in fact the banks were and are aware of the high probablility of defaults on these same papers. These are the bankers we gave the monies to. The stimilus and taxpayer funded buyout packages. John Rigas and the lovely blonde lady go to jail for far lesser offenses. Is justice blind, or just bought and sold.

Posting Permissions

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