Forgive my presumptuon, Eugene.
Someone finally leads the way! Yes, some banksters are less equal than others and Iceland shows the world how it’s done. Wow, they accepted an austerity of their own choice even while repudiating TBTF, let their fraudulent banks collapse, and suffered the consequences.
Now their debt is investment grade again, so says Fitch and they have access to global capital markets. There’s a long-term plan underway to repay foreign creditors.
And now they stalk their banksters to the ends of the earth. It’s not low-level players or rogue traders, no, their aim is high. The ex-prime minister was hauled into court in March.
Prior to the economic crisis, Olafur Hauksson was police commissioner in Akranes, a small port town of 6,500 inhabitants stranded at the end of a frozen peninsula some fifty kilometres from Reykjavik. Since 2009, he tracks down and brings to justice those who played a role in the country’s economic collapse of 2008.
Iceland has known troubled times. In 2009, the Icelanders, although not used to demonstrating over social issues, shouted their anger against the politicians and the “neo-Vikings” of finance that betrayed them. The “revolution of pots and pans” forced the resignations of the Parliament and of the conservative government.
One of the demands of that movement was that those that profited from the economic situation and who pushed Iceland into the economic abyss be brought to justice.
Read it here: