ChesusRice
Well-Known Member
A new government led by Johanna Sigurdardottir embarked on a campaign to hold accountable the so-called neo-Viking bankers at the center of Iceland’s crisis. Instead of picking a prosecutor from law firms in Reykjavik, which had depended on the banks for business, the government drafted an investigator from a remote village. Although a number of bankers fled the country to avoid prosecution, the former chiefs of two of the three biggest banks have been indicted and are standing trial.
Undoing the damage caused by the crisis is a work in progress; not every Icelandic innovation would be feasible in the U.S. or Europe. Iceland’s debt stands at almost 100 percent of GDP. Many of the country’s professionals have left for Norway and Denmark amid a dearth of jobs. Iceland still must figure out how to ease constraints that barred investors from withdrawing as much as $8 billion from the country and transferring it overseas. Inflation remains stubbornly high. To counter that, and to prevent capital flight, Iceland’s central bank has increased interest rates five times in the past year. But raising interest rates makes credit more expensive, checking growth.
Bravo to them. The word join infers there are already others litigants. What a fucking joke. These are scary times indeed people. When financial institutions cannot be trusted to invest their/our money responsibly and go pleading to big brother plz. can I get some money I spent all my money on crack and prostitutes.Good ol' dad just pats em on the head and winks while slipping a hundo into their pocket saying as long as you 
"you are stupid and easy to manipulate" Wow impressive. Any facts to go with those baseless accusations. I work for myself and do what the fuck I want, when I want, and how I want. LOL yah, I guess I am the poster child for manipulation. What kind of shitty job do you have? What kind of asshole boss do you report to? Or are you upset becuz you are one of the rare ppl on here who makes so much money that you actually have to pay your part? I am guessing you don't have to much of a high profile job based on your imbecillic statement there.