74 combined years in prison, that’s how Iceland’s Supreme Court and the Reykjavik District Court responds to those responsible for Iceland’s financial collapse. This brings the total to 26 bankers now behind bars in Iceland, with most being CEOs of large financial institutions, rather than low level traders.
Most of those jailed will serve terms of two to five years, according to a report by Iceland Magazine, which notes that three executives at Landsbankinn and two at Kaupþing, along with one prominent investor, have been prosecuted.
Their crimes include market manipulation, embezzlement, and breach of fiduciary duties. Their market manipulation destroyed the country’s economy and to this day Iceland is still having to repay the global loan sharks at the IMF, as well as governments of other countries, which kept the nation operating.
Iceland Magazine explains that rather than protect and reward the very institutions responsible for the collapse, and the bloodsucking vermin that run them, the Icelandic government let them collapse, and then created a financial supervisory authority to strictly oversee the banks.
The U.S. Congress gave American banks a $700 billion TARP bailout at the expense of taxpayers. Not one banker in the US has even been charged with a crime relating to the financial collapse, there is still virtually no regulation of the banks, and they are pulling in a near record $160 billion in annual profits, all from “money” created out of thin air.
The Department of Justice under Holder and now Lynch continues to pretend to do the hard work associated with reigning in the financial criminal banking institutions laundering drug money and manipulating the U.S. economy. But fines and even penalties don’t send the message that the banksters received in Iceland. Jail the bankers and free the taxpayers from shackles of debt! It may be the most important meme the people of the United States could ever support. Jailing the bankers would bring the New World Order down like a house of cards.
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