Former bank execs in Iceland jailed for banking collapse

[sheshe2]

Oh how interesting, who would have imagined — jailing bank execs.

We prefer letting our bankers keep all of the bonus money paid out for bogus deals, then let them walk away with millions more. On top of that, we keep distorting the economy and weakening the middle class by diluting any money they leave in the banks, while showering free money onto the entire banking system so that they can maintain their beloved lifestyle.

Gosh, the thought of jailing a banker just sounds so crazy. It’s as if they are actually being held responsible for the destruction they left in their wake of their greedy, self-centered, feeding frenzy. Go figure.

Read the exerpt from the NY Times:

http://americablog.com/2012/12/bank-execs-iceland-jailed-banking-collapse.html

[Nye Bevan]

1. They will each serve 3 months in jail.

Each was sentenced to 9 months, but 6 months of this were suspended, so they will end up serving 3 months each.

[RoccoR5955]

3. That's STILL more than they get in the US

Here, we call them "job creators," and worship the ground they walk on.

[sheshe2]

4. I prefer the SHAME that they would recieve.

Three months is better than no months!

[FrodosPet]

6. So if you sell door-to-door without a permit in order to survive, and can't pay the fine

You will spend more time in jail than Iceland bankers will get for trashing their nation's economy.

What a world!

[Egalitarian Thug]

7. It's absolutely a compulsion with you, isn't it?

[Nye Bevan]

10. One of many! (nt)

[Egalitarian Thug]

11. Honesty points to you! n/t

[Dirty Socialist]

2. Jailing crooks? Justice?

What a novel idea!

[idwiyo]

5. OMG, that's cruel and unusual punishment! Quick, send marines to the rescue!

Take over the bloody country and replace that commie dictator government with something appropriate!

[Fire Walk With Me]

8. What if I told you

the banks were purposely causing economies to falter as part of a massive social engineering project with them coming out on top?

Pay attention to Europe where Goldman Sachs executives have taken positions of power during these manufactured emergencies. Now look at the "emergency manager" laws in Michigan. Here it comes.

[cbrer]

9. Is Eric Holder still alive? nt

[L0oniX]

12. How unAmerican of them. Don't they worship the USA like everyone else? n/t