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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?
 
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.
 
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DaveFagan said:
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?
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Yes....Government Mortgage INC was a terrible idea........had F&F never existed.......the mortgage meltdown wouldnt have either.......
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Иосиф Сталин;1059639240 said:
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.
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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.
 
Иосиф Сталин;1059639240 said:
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.
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"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.
 
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