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Bankers jailed, sued as Iceland seeks culprits for crisis

danarhea

danarhea

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

Article is here.
 
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.
 
What are they going to charge them with?
 
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