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Originally Posted by WilsonFourTwo
Great post Thor.
I have a minor-to-modest understanding of Icelandic events, and it seems to me that there are a few government officials and/or regulators that should joining their banker friends in jail.
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The former Prime Minister is going to be indicted, as well as the regulators office which was too cozy with the banks is under investigations with the newly (well 2yrs ago) formed special prosecutors office.
One of the big bankers was just recently successful at not being prosecuted in NYC, but he´s now going to face the courts in Iceland so hopefully something happens to him. There is a lot of them off scott free so far, the prosecutors office is being taken to task by the public as they are growing impatient of the slow moving indictments.
We did just recently imprison, and more importantly take away the money of an insider trader who found out 2-3 days before the crash what was coming and sold off all his shares in his bank.
Just recently a Bank CEO here in Iceland was caught parking in a handicap stall in her new Mercedes SUV in front of a skating rink. The story made headline news and she' had to apologize to the country.
The salaries of the wealthiest in Iceland is under constant scrutiny in the financial sector, and if the 'financial vikings' as they were called are seen in public they most often hear it very loudly from the public, no one has physically assaulted one yet but I'm sure it will come.
Most of the cowards are hiding in the UK, Europe and even one in Canada. Most of them only coming back when called by the prosecutors office, and then the media hounds them during their visit.
But like most people I'm skeptical, I'll wait till there is some actual repercussions for their actions.