I have to say, I�m really starting to like those Icelanders. Not only did they recently tell the UK and the Netherlands that they weren�t interested in paying for the failure of their country�s banksters, but now they are actually looking to hold those responsible for putting their country�s economy into the shitter accountable.
More than a year and a half after Iceland's major banks failed, all but sinking the country's economy, police have begun rounding up a number of top bankers while other former executives and owners face a two-billion-dollar lawsuit.
Since Iceland's three largest banks -- Kaupthing, Landsbanki and Glitnir -- collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad.
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Glitnir said it was suing "Jon Asgeir Johannesson, formerly its principal shareholder, Larus Welding, previously Glitnir's chief executive, Thorstein Jonsson, its former chairman and other former directors, shareholders and third parties associates with Johannesson for fraudulently and unlawfully draining more than two billion dollars out of the bank."
The bank also said it was "taking action against its former auditors PricewaterhouseCoopers (PwC) for facilitating and helping to conceal the fraudulent transactions engineered by Johannesson and his associates, which ultimately led to the bank's collapse in October 2008."
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Four former Kaupthing executives, who all live in Luxembourg, have meanwhile been arrested in Iceland in the past week and Interpol has issued an international arrest warrant for that bank's ex-chairman, Sigurdur Einarsson.
Former head of the bank's domestic operations, Ingolfur Helgason, and former chief risk officer Steingrimur Karason were arrested late Monday on arrival from Luxembourg, just days after former Kaupthing boss Hreidar Mar Sigurdsson, along with Magnus Gudmunsson, who headed the bank's unit in Luxembourg, were taken into custody.
If these Icelanders keep this sort of behaviour up, people might start getting the idea that bank owners and the other financial �wizards� responsible for creating the giant economic mess might actually be able to be held accountable. Dangerous thinking, of course, but I sure do like it.
If Obama reads this he'll have Holder in right quick and have a blanket immunity granted tout de suite. Of course it will only be for his buds in investment banks and definitely not for any of the boring low class dirt in community banks, like the woman who actually brought up the omnipotent conceited one. After all ordinary people are a dime a dozen but billionaire buddies would need to be protected in doing gods work.
ReplyDeleteThe corporate fascist Supreme Court would make it impossible for that to happen here. All of the bastards will get away with it here in the US of A.
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