Iceland Jail Top Bankers For 46 Years, Europe ‘Outraged’
29 replies, posted
[b]Iceland Jail Top Bankers For 46 Years, Europe ‘Outraged’[/b]
Via [url=http://yournewswire.com/iceland-jail-bankers-46-years/]YourNewsWire[/url]
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[quote][img]http://i.imgur.com/eKOx6Ob.jpg[/img]
[i]Iceland has differed from the rest of Europe and the US by allowing bankers to be prosecuted as criminals, rather than treating them as a protected species.[/i]
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[b]Iceland has found nine top bankers guilty and sentenced them to decades in jail for crimes related to the 2008 economic crash.[/b]
On Thursday Iceland’s Supreme Court returned a guilty verdict for all nine defendants in the Kaupthing market manipulation case, after a long running court trial which began in April last year.
Kaupthing was a big international bank headquartered in Reykjavik, Iceland. It expanded internationally for years, but collapsed in 2008 under huge debts, crippling the small nation’s economy.
By demanding that bankers be subject to the same laws as the rest of society, Iceland opted for a very different strategy in the wake of the financial crisis to rest of Europe and the US, where banks were fined nominal amounts, and directors and chief executives escaped punishment altogether.
[img]http://i.imgur.com/rqc7ovi.jpg[/img]
While the US and UK governments provided bail outs and government stakes for their big banks with tax-payers’ money – essentially giving bankers the green light to continue behaving in the same way – Iceland adopted a different approach, declaring it would let the banks go bust, weed out and punish the criminal element at the top of the banks, and protect the savings of the people.[/quote]
Holy shit, Iceland is awesome.
[editline]8th October 2016[/editline]
Brb packing my bags, moving to Iceland :v:
Good.
They did a lot of damage to Icelands economy, and they should be charged as such.
Any Icelandic FPers who can comment on this? How are things in Iceland nowadays?
Wow, it's been a while since I've heard of white collar criminals getting ass blasted by the judicial system this hard in a long time. And that many of them as well. Last one I remember is Madoff.
misleading as fuck, they are getting about 5 years each
Oh. Nevermind then.
As it bloody well should be. They can't really do shit to Iceland.
Not a joke is it easy to move to Iceland ( as a Canadian ) how is the Job Market / what does it cost to live there?
is there any cons to look out for?
[QUOTE=theevilldeadII;51173981]Not a joke is it easy to move to Iceland ( as a Canadian ) how is the Job Market / what does it cost to live there?
is there any cons to look out for?[/QUOTE]
Same... I am monitoring this thread :v:
[editline]8th October 2016[/editline]
[QUOTE=Daniel Smith;51173845]misleading as fuck, they are getting about 5 years each[/QUOTE]
Wait, [citation needed]? Both of the sources cited on the article don't mention that.
[QUOTE=Pretiacruento;51174019]Same... I am monitoring this thread :v:
[editline]8th October 2016[/editline]
Wait, [citation needed]? Both of the sources cited on the article don't mention that.[/QUOTE]
[url]http://www.independent.co.uk/news/world/europe/iceland-to-sentence-ninth-banker-found-guilty-of-market-manipulation-that-helped-cause-2008-a7349711.html[/url]
[QUOTE=Perrine;51174027][url]http://www.independent.co.uk/news/world/europe/iceland-to-sentence-ninth-banker-found-guilty-of-market-manipulation-that-helped-cause-2008-a7349711.html[/url][/QUOTE]
[quote]Their sentences range from one year to more than four years for crimes relating to misleadingly financing share purchases - the bank lent money for the purchase of the shares and used its own shares as collateral for the loans. They are also found guilty of creating a misleading demand for Kaupthing shares.[/quote]
Ok, that explains it.
If anyone does go to Iceland, and they like seafood, Hofn's a good place to stop at if you're taking the southern stretch of the Ring Road. They have such fresh and lovely langoustine in that town.
As for being in Reykjavik, be sure to visit the "Baejarins Betzu Pylsur" hot dog vendor. Pretty good hot dogs there...
Can't tell you much about the northern regions, though. Other than that the central highlands are more-or-less off-limits.
[QUOTE=Daniel Smith;51173845]misleading as fuck, they are getting about 5 years each[/QUOTE]
Disappointing but it's at least better than what America doled out in the form of cash prizes and paid vacations. Good for Iceland.
[QUOTE=theevilldeadII;51173981]Not a joke is it easy to move to Iceland ( as a Canadian ) how is the Job Market / what does it cost to live there?
is there any cons to look out for?[/QUOTE]
Have a friend from UK working there, only because his friend's dad owns a workshop.
Find a job in Iceland? Good luck. Not only is it difficult cause icelandic is a fucking tough language, but they don't really have a need for foreign workforce
Great. Can we abolish corporate "personhood" everywhere and start charging them the same as any regular citizen?
[QUOTE=Daniel Smith;51173845]misleading as fuck, they are getting about 5 years each[/QUOTE]
Better than zero (unless they get reduced punishment and they get released earlier). I wish we did the same in Spain. So many responsible for this bleeding pain that is being forced to bear onto the people.
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[QUOTE=Trebgarta;51176280]It is a European country which means you have to live in a tent for 2 years to be eligible for a studio apartment[/QUOTE]
Only in the big cities or if you're from outside EU.
If you're willing to pick a neighboring town and commute, then no problemo.
[QUOTE=Ignhelper;51174542]Have a friend from UK working there, only because his friend's dad owns a workshop.
Find a job in Iceland? Good luck. Not only is it difficult cause icelandic is a fucking tough language, but they don't really have a need for foreign workforce[/QUOTE]
People love overestimating difficulties of languages but a cool thing about Icelandic is unlike other Germanic languages its speakers have pretty much frozen it in time, keeping it similar to the version spoken hundreds of years ago, IIRC Icelandic speakers are able to read ancient Norse shit untranslated just fine unlike say swedes. So if you like history, you learn a living chunk of it.
Though you also don't have the advantage of mutual intelligibility, Norwegian speakers can understand swedes decently well, but not your Icelandic.
[QUOTE=Ignhelper;51174542]Have a friend from UK working there, only because his friend's dad owns a workshop.
Find a job in Iceland? Good luck. Not only is it difficult cause icelandic is a fucking tough language, but they don't really have a need for foreign workforce[/QUOTE]
Dirty jobs usually have a lot of imported foreigners to work like the airport or roadwork and stuff like that
[QUOTE=Pretiacruento;51173822]Any Icelandic FPers who can comment on this? How are things in Iceland nowadays?[/QUOTE]
Iceland is in a better state right now, but man did it suck during this crisis...
[QUOTE=thelurker1234;51176469]People love overestimating difficulties of languages but a cool thing about Icelandic is unlike other Germanic languages its speakers have pretty much frozen it in time, keeping it similar to the version spoken hundreds of years ago, IIRC Icelandic speakers are able to read ancient Norse shit untranslated just fine unlike say swedes. So if you like history, you learn a living chunk of it.
Though you also don't have the advantage of mutual intelligibility, Norwegian speakers can understand swedes decently well, but not your Icelandic.[/QUOTE]
Any of the Nordic languages (except Icelandic for the reason you mention, and Finnish) having a conversation with someone who speaks a different Nordic language is kinda like talking to someone who's drunk.
Some of it seems like gibberish, but you can still understand each other fairly well.
Fuck Finnish though, that's some weird shit (sorry, but not sorry).
Just a reminder that Iceland has done this before, and they're good at it.
[QUOTE=Van-man;51176694]Any of the Nordic languages (except Icelandic for the reason you mention, and Finnish) having a conversation with someone who speaks a different Nordic language is kinda like talking to someone who's drunk.
Some of it seems like gibberish, but you can still understand each other fairly well.
Fuck Finnish though, that's some weird shit (sorry, but not sorry).[/QUOTE]
Finnish technically isn't even indo-european so it kind of doesn't count.
[thumb]https://upload.wikimedia.org/wikipedia/commons/a/ae/Lenguas_finougrias.png[/thumb]
[sp]no i have no idea how the fuck hungarian wound up all the way over there[/sp]
[QUOTE=thelurker1234;51176805]Finnish technically isn't even indo-uropean so it kind of doesn't count.
[thumb]https://upload.wikimedia.org/wikipedia/commons/a/ae/Lenguas_finougrias.png[/thumb]
[sp]no i have no idea how the fuck hungarian wound up all the way over there[/sp][/QUOTE]
Yeah, that's the weirdest part, it's a fairly land-locked country (bit over 50% I'd estimate), yet it doesn't have much linguistic in common with it's neighbors.
[QUOTE=Daniel Smith;51173845]misleading as fuck, they are getting about 5 years each[/QUOTE]
That's enough to change your life
[editline]9th October 2016[/editline]
Think of where you were 5 years ago, now imagine deleting everything that's happened since then and replacing it with jail.
I wouldn't have finished high school, I wouldn't have started or finished college. I wouldn't have a degree or a job and no clinical experience. I mean this doesn't really apply to them as much because they're older than I am, but my point is that 5 years in jail is longer than it sounds
[QUOTE=thelurker1234;51176805]Finnish technically isn't even indo-european so it kind of doesn't count.
[thumb]https://upload.wikimedia.org/wikipedia/commons/a/ae/Lenguas_finougrias.png[/thumb]
[sp]no i have no idea how the fuck hungarian wound up all the way over there[/sp][/QUOTE]
Hungarians came from the steppe to fuck shit up and settled there.
Iceland is a pretty awesome country. They have their own national bank, and effectively have gone after anyone who has dared to try anything mischievous.
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