Banker Jail Sentences: Another Lesson For The World From Iceland…(Go Iceland!!!)
by Tyler Durden
ZeroHedge.com
12/13/2013
Instead of kicking the can and maintaining the zombie nation, Iceland ripped its over-levered bank-based-debacle band-aid off and has slowly but surely emerged from its own crisis (notwithstanding capital controls and pain for many) unlike the rest of the Western world which has reverted to the mean of ignorance and status quo. Now, however, The Guardian reports Iceland has one more lesson to teach the world – an Icelandic court has sentenced four former Kaupthing bankers to jail for market abuses. Instead of fining the banks (in nothing more than a cost-of-doing-business line item), there are real consequences for the actors involved…
The Rest…HERE