Ireland is following in Iceland’s footprints as it has arrested David Drumm, the former chief executive of the Irish Anglo Bank, on charges of “fraud, forgery, misleading management reporting, unlawful lending, falsifying documents, and false accounting, linked to financial transactions prior to the collapse of Anglo,” which played a role in the 2008 financial crisis.
Iceland set an international example, in 2008, when their economy crashed. They prosecuted the bankers that mismanaged the financial institutions that helped lead to the countries crisis. Truth and Action writes that “Iceland even sent out an international police force to find bankers who escaped the country before being jailed!”
Here’s what they did, instead of bailing out the banks:
– JAIL bankers and corrupt politicians (over 200 indictments)
– Forgive all homeowner debt over 110% of value of home
– Forgive debt for 25% of the population
Now, Ireland is also arresting those who have played a role in the financial crisis and have extradited David Drumm from the U.S. and back to stand before the Dublin District Court.
Read more about the arrest on page two.
They should do the same to all those who Made Billions during the 2008 bank crisis here int eh USA. They all got money from the Taxpayers to cover there losses, and now they are twice a wealthy as they were before. The American Tax payer got screwed!!!
Good….at least Ireland has some morals in their government.
Yes! Yes! Yea! Yea!
Wall St. and you FKG Banksters you’re NEXT!
Kill him
Strip him of all his money and assets and ship him off to a third world country with NOTHING and see how he survives then. He put many people out on the streets, so let’s see if he can survive on the streets.
Obama bailed out our lying corrupt bankers/wall street who Clinton allowed to create our crisis that was blamed on Bush.
Boy a country with leaders that have some fortitude. Good for them. Ours is spineless.