After many of the world’s governments found it necessary to bail out their country’s banks after the 2008 financial crisis, most tax payers found themselves on the hook for the billions of dollars needed in order to shore up the financials institutions’ coffers. In at least one country, though, this will not be the case.
As the Icelandic government now finds itself the owner of two major banks, they’re taking the opportunity to provide a monetary kickback to the Icelandic people themselves.
While the money may no doubt be a nice perk for Icelanders, it remains to be seen what ramifications sprout form their money being held directly by the government. They’ve already jailed dozens of bankers for fraud in connection to the 2008 crisis, but can big government really do any better?
In order to see how much money the Icelandic people should expect to see from the sale, continue reading on page two.
criminy, we should have done that…not bailed them out
The US government needs to do that to the Federal Reserve Bankers and all foreign bankers involved with the Federal Reserve?
Who do we jail here the thing is such a mess that ever Sherif Joe could not figure who to arrest then he locked himself up by mistake or so he claims
What a novel idea !!!
Too bad America won’t do this…too bad most of the population here won’t demand it
Slippery slope
I wish US would have done that
Yes jail our crooks on wall street and Bloomberg run banks ?
I am in.
I like Edwards answer– jail the Feds!!!