In the United States, bankers seem to have received “Get Out of Jail Free” cards for their transgressions. In tiny Iceland, on the other hand, a group of bankers are serving a combined seventy-four years of hard time. And today, five more bankers from Glitnir Bank are being charged.
Here are four more stories from The Iceland Review of that spunky little country’s unwillingness to put up with banking fraud:
- Bankers Sentenced in Supreme Court (4 February 2016)
- Three Icelandic Bankers to Prison (22 December 2015)
- Former Glitnir Bankers Plead Not Guilty (5 September 2013)
- Glitnir Bank Employees Sentenced to Prison (24 June 2014)
Now those felonious clowns who packaged all those weird mortgage securities in 2008 and earlier should be doing hard time in stir in one of our fine prisons, where protecting one’s ass is a full-time occupation. Why Barack Obama and Hillary Clinton have not hauled them in is a travesty of justice.