“In a story not reported on at all by any Western mainstream media source, Iceland just sentenced another five high level bankers to prison for directly contributing to the collapse of the country’s economy in 2008.
This brings the total to 26 bankers now behind bars in Iceland, with most being CEOs of large financial institutions, rather than low level traders… Their crimes include market manipulation, embezzlement, and breach of fiduciary duties…
[T]he prosecutions have been possible because rather than protect and reward the very institutions responsible for the collapse, and the gangsters that run them, the Icelandic government let them fail, and then created a financial supervisory authority to strictly oversee the banks…
Meanwhile, the governments of the US and Europe bailed out most of those responsible for playing a direct role in the financial crisis that crippled the global economy. In the US, Congress gave American banks a $700 billion TARP bailout at the expense of taxpayers.
Not one banker in the US has even been charged with a crime relating to the financial collapse, there is still virtually no regulation of the banks, and they are pulling in a near record $160 billion in annual profits, all from “money” created out of thin air.
The banksters continue to be protected, at all levels, and the effects of their criminal actions continue to worsen every day. Another financial catastrophe is a certainty.”