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:
http://www.presseurop.eu/en/content/article/2339301-how-iceland-stalks-its-banksters?xtor=RSS-9
FBD says:
I LOVE ICELAND!!
You’ve just GOT to admire folks who named their country the most god-awful name on the planet. ICE-land. Yuk! Who would want to go there? (Maybe that was the point!) Which is so unlike those turds who landed in a place with no trees, no shrubs, no grass, snow piled a mile high, and named it … Greenland. WTF??
When I read success stories that SMALL countries have – I have to ask myself; “Can the same be done in a country that has a GDP and population that is ‘X’ times greater?”
Example from manufacturing. Engineers from Acme Corp. design a new Thinga-ma-jig. On paper this Thinga-ma-jig is better/faster/cooler than any other Thinga-ma-jig on the planet. Then they go ahead and build one … a one off prototype. Sho’nuff … it works even better than they thought. Then they go to the Plant Manager and tell him to build ten thousand Thinga-ma-jigs. And the Plant Manager says, “Are you fucking crazy?? We CAN’T build this!!!”. Happens all the time. Making just one Thinga-ma-jig is one thing … making ten thousand is another thing altogether different.
I don’t know if we can do the same to banksters as Iceland has. I’m not smart enough to know. Maybe we can, maybe we can’t. I wish we could, though.
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31st July 2012 at 10:00 am
AWD says:
After everything collapses globally, they’ll all be using the “Iceland method” to rebuild their economies, what’s left of ‘em. The people that caused the collapse will be hunted down like the amoral vermin they are. Iceland used the free market approach, which is what everyone should have done in 2008. The banksters getting bailed and the central banksters just created a much bigger catastrophe than had they let the markets solve the issue. Got to protect the banksters and the rich from the consequences of their own criminal behavior, also known as enabling. It always ends the same way.
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31st July 2012 at 11:39 am
FBD says:
USA Women soccer vs North Korea. On now!!
Time to kick some poontang from Pyongyang.
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31st July 2012 at 12:20 pm
AWD says:
The Dutch field hockey team. Hooray for the Olympics!
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31st July 2012 at 12:28 pm
Yah Coyote says:
I certainly hope people are smart enough to learn from the Icelanders. It reminds me that the human race did not make much technical progress until civilization reached the northhern climes. The long winter days gave such geniuses as Gauss, Newton, and Liebnitz the time to apply their immense genius to provide the “blueprints” of the modern world. Now if northerners could do the same for politics as they did for Mathematics prosperity could be much more widely spread. It is less apparent that: responsible behavior + dilligance = properity than that 2+2=4 , still both are equally truisms. Yet progressives and all of their confedrates (liberals, communists, and jihadists) are the folks that can’t understand either simple equation.
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31st July 2012 at 4:15 pm
Zarathustra says:
YC, Archimedes and Heron disagree.
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31st July 2012 at 6:44 pm
Mikey says:
@Yah Coyote
Did you know that very nearly every single major, fundamental advance in science was discovered by “Towel Heads”? specifically *Muslim* towel heads?
Islam has as one of its core tenents that God created this universe a certain way, following certain rules and that these rules are for us to discover. It also has learning and knowledge as absolutely critical components of Islam, along with “women hold up half the sky” – it’s only the nutters that forget this bit.
Also, cities in India had proper sewers and aqueducts before Greece existed – even before Egypt.
Let’s not mention those “Black Buggers” in Mali were doing marvellous things with metal work, expanding an empire, developing an incredibly elaborate culture and farming community while Europeans were painting themselves blue and worshiping trees.
Should I point out that every aspect of modern social life (Cheques, Paper money, promotions based on merit, metallurgical theories of iron, nutrition and the existence of Vitamins, printing presses, mass production, banks, paper, oh yeah and writing) were around in Eastern Asia long before Vikings realised that if you piss on your sword while it’s hot, it’ll be harder?
As we say in my country, Piss off ya wanker.
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31st July 2012 at 1:32 am
ecliptix543 says:
From the title of this post, I thought it was about Kimi Raikkonen nearly winning the Grand Prix of Hungary this past weekend… Am I the only one here that follows Formula 1? Just curious.
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31st July 2012 at 5:41 pm
FBD says:
George Gervin (pro basketball) was the original “Iceman”.
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31st July 2012 at 5:47 pm