‘Iceland Model: How To Deal With Bankers Should Be Standard For Whole World’

Sunday, December 15, 2013
By Paul Martin

Investmentwatchblog.com
December 14th, 2013

In Iceland four former bank chiefs have been jailed for fraud – the sentences go as far as five years behind bars. They’re accused of concealing that a Qatari investor bought a stake in their firm, using cash lent from the bank itself – illegally. The deal took place just ahead of the collapse of the bank due to huge debts. RT talks to economic expert Charlie McGrath, founder of news website Wide Awake News about Iceland’s economy.

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