Icelanders reject debt repayment plan

[Lars77]

Run time: 02:02 https://www.youtube.com/watch?v=cpK2M7yFsoY   Posted on YouTube: April 10, 2011 By YouTube Member: AlJazeeraEnglish Views on YouTube: 304   Posted on DU: April 10, 2011 By DU Member: Lars77 Views on DU: 947

 

[sasha031]

1. good for them, they look so happy

[Countdown_3_2_1]

2. Capitalism. When banks fail, investors lose. Too bad. So sad.

I never believed that a bank is too big to fail. Let it go bankrupt. Thousands of investors will lose everything they put in.
But that's capitalism, right? You can lose everything.

I think rich investors ought to be free to lose their shirts without a nanny govt to make up for bad choices.

[JDPriestly]

5. Yes. This is not the fault of the Icelandic people.

And the failures of Bear Stearns and other banks is not the failure of American taxpayers. Bankers are supposed to be knowledgeable about risk and value and careful in awarding loans and making investments. When they aren't their investors should pay, not ordinary depositors or the governments.

[Dokkie]

3. How is the votes even close?

what kind of sick manic would vote to take money out of they and their kids pockets to pay off the bankers. Geeze, not even the craven republicans in this country would go for that. This is my problem with democracy, your votes count just as much as the rightwingers

[walerosco]

4. Did anyone catch the last few sentence?

I think the Icelandic people maybe forced to pay off the banks regardless on how they vote. Just sad

[JDPriestly]

6. I don't know how they could be forced to pay. They might face

economic repercussions if they don't. They might lose the advantages of their relationships with the EU and other countries, but I don't think that they can be forced to pay. Other countries could seize the assets that Iceland holds in those other countries, but actually paying -- No. I don't think they can be forced to do that.