Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout

Posted by on September 16, 2016 in Bankers & Wall St., Government with 15 Comments

Claire Bernish | The Anti-Media

Iceland — You could ice skate in Hell sooner than see the United States follow in Iceland’s footsteps with this move: the 26th banker was just sentenced to prison for a combined 74 years between them — each of them jailed for their roles in the 2008 economic collapse.

Five top bankers from Iceland’s two largest banks — Landsbankinn and Kaupþing — were found guilty of embezzlement, market manipulation, and breach of fiduciary duties. Though the country’s maximum penalty for financial crimes currently stands at six years, the Supreme Court is currently hearing arguments to extend the limit. Most of those convicted have so far been sentenced to between two and five years.

Do those sentences sound light to you? Perhaps. Until you consider the curious method of punishment the U.S. employed for its thieving bankers.

While Iceland allowed its government to take total financial control when the 2008 crisis took hold, American bankers — in likely the only bail handout given to criminals of mass destruction — received $700 billion in Troubled Asset Relief Program (TARP) funds.

Thank you, Congress American taxpayer.

Iceland certainly didn’t make it through the crisis unscathed. It repaid the IMF (the final $332 million owed was paid in full, ahead of schedule, earlier this month) and other lenders for funds needed to prevent a complete financial meltdown nearly eight years ago. Icelandic bankers are still being held to task for their illegal market legerdemain that nearly brought down the financial planet.

Read the entire article here.

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15 Reader Comments

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  3.' Kronos Rockman says:

    True cause US is ASSHOLE!

  4.' Pete Trujillo says:


  5.' Outline Runner says:

    shame on cheaters

  6.' Revolution de Mind says:

    Cool ! so much :p

  7.' Thorsten Odinsson says:

    Old stuff… :/

  8.' CatherineAnn Nelson says:

    We have become sheepole!

  9.' Riccardo Barbieri says:

    It’s because it was truly the people who decided in Iceland.
    This is supposed to be the normal thing in democracy, but clearly it’s not, neither in the US nor in Europe.

  10.' Thomas Chenhall says:

    I swear, it’s like some individuals could be liquidated, depending how much they embezzled.

  11.' Peetje Boskoop says:

    Mr.Rothshild is angry……

  12.' Lisa Tamis says:

    The biggest shame is that the same bankers, who changed policies and fought policy to keep them in line, caused the crash are now on many boards and advisers to government. They kept their millions as many of the hard working people lost their homes. Shame shame shame…

  13.' Pedro Santiago says:


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