By jailing four top officers of Iceland’s failed Kaupthing Bank, the country showed the world the right way to deal with the people largely responsible for the 2008 financial crisis, said Charlie McGrath, founder of the news website, Wide Awake News.
The US and other nations must take it as a model for the next time the too-big- to-fail corporations screw things up and ask for a bailout with taxpayers’ money, he added.
Source: RT Op-Edge
Iceland Jails Four ‘Banksters’ in Financial Fraud Case
Four former bank bosses in Iceland have been jailed for financial fraud. They were accused of hiding the fact a Qatari investor bought into the firm, with money lent illegally by the bank itself. It went bust in 2008, helping to cripple Iceland’s economy.