Politicspoliticstoobigtojailonepercentobamaholdercriminalshysterhoodwinked

Mon Jan 18, 2016, 06:43 PM

Iceland Sentences 26 Corrupt Bankers To 74 Years In Prison

Jan 8, 2016 Iceland just sentenced their 26th banker to prison for his part in the 2008 economic collapse. The charges ranged from breach of fiduciary duties to market manipulation to embezzlement.

When most people think of Iceland, they envision fire and ice. Major volcanoes and vast ice fields are abundant due to its position on the northern part of the Mid-Atlantic Ridge. (A hot July day in Reykjavik is around 55 degrees.) However, Iceland is also noted for being one of the Nordic Socialist countries, complete with universal health care, free education and a lot other Tea Potty nightmares. Therefore, as you might imagine, they tend to view and react to economic situations slightly differently than the U.S.



When the banking induced “Great Recession of ’08” struck, Iceland’s economic hit was among the hardest. However, instead of rewarding fraudulent banking procedures with tons of bailout money, they took a different path.

Prior to the recession, Iceland had one of the more thriving economies in the world, in spite of the fact that their total population (327,000) wouldn’t even fill a mid-sized American city. When the recession struck, they were among the earliest and hardest hit. However, instead of running to the vaults to shower the banks with money, they let the banks fail. They also resisted traveling down the European/Republican austerity road. Instead, they kept their social programs intact at a time when they were most needed.

And, they sent fraudulent bankers to jail...snip

Iceland’s President, Olafur Ragnar Grimmson explained how the country managed to recover from the global financial disaster,

"We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the poor, and we didn’t introduce austerity measures like you’re seeing in Europe"...snip
Read More: http://www.loansafe.org/iceland-sentences-26-corrupt-bankers-to-74-years-in-prison

This is how criminals should be treated. Instead, we have a president who rewards them.



God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. …

What country before ever existed a century and half without a rebellion? And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure.
Thomas Jefferson Letter to William Stephens Smith (13 November 1787), quoted in Padover's Jefferson On Democracy. https://en.wikiquote.org/wiki/Thomas_Jefferson

How many times was the TPP (Obama's 2nd greatest "achievement") mentioned in last nights debate?
ZERO?

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Reply Iceland Sentences 26 Corrupt Bankers To 74 Years In Prison (Original post)
Aquila Jan 2016 OP
EagleKeeper Jan 2016 #1
Aquila Jan 2016 #2
nolidad Jan 2016 #7
PrimeCustodian Jan 2016 #3
EagleKeeper Jan 2016 #4
misanthroptimist Jan 2016 #8
island4diver Jan 2016 #5
nolidad Jan 2016 #6
misanthroptimist Jan 2016 #9

Response to Aquila (Original post)

Mon Jan 18, 2016, 06:50 PM

1. Just so that we understand...Obama and Hillary are evil?

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Response to EagleKeeper (Reply #1)

Mon Jan 18, 2016, 06:54 PM

2. That might depend on the definition of the word "evil"



Do you think the big boys at Goldman $achs think they're "evil"?

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Response to Aquila (Reply #2)

Mon Jan 18, 2016, 07:21 PM

7. Hillary would pardon them! She couldn't afford to lose her biggest donors

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Response to Aquila (Original post)

Mon Jan 18, 2016, 07:06 PM

3. It's all MUSIC to my hears! Thanks for posting!!! nt

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Response to PrimeCustodian (Reply #3)

Mon Jan 18, 2016, 07:10 PM

4. So you haven't defended Obama for the last 7 years?

The hypocrisy of the Bernie defenders is starting to get on my nerves.

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Response to EagleKeeper (Reply #4)

Mon Jan 18, 2016, 07:27 PM

8. I've defended Obama...

...but I also defended Bush. Unfair criticism is unfair criticism, no matter the target or the source.

I've also heavily criticized both Bush and Obama. I view them as nearly indistinguishable politically.

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Response to Aquila (Original post)

Mon Jan 18, 2016, 07:11 PM

5. what they did are crimes in Iceland,

are they crimes in the US or any other country?

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Response to Aquila (Original post)

Mon Jan 18, 2016, 07:20 PM

6. Well if you want to be a socialist nation

Do it the right way and amend the Constitution.

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Response to nolidad (Reply #6)

Mon Jan 18, 2016, 07:28 PM

9. Which part of the Constitution specifically needs to be changed?

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Politicspoliticstoobigtojailonepercentobamaholdercriminalshysterhoodwinked