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Iceland puts a banker in jail!

(Reuters) - Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on Friday for fraud which led to a 53 million euro loss, in the first major trial of Icelandic bankers linked to the crisis.

All three of the small North Atlantic island's top banks collapsed in quick succession in October 2008 due to big debts incurred during a rapid overseas expansion.

Glitnir was the first to fall after the collapse of Lehman Brothers caused international credit markets to freeze up.

A Reykjavik court sentenced Glitnir's former chief executive, Larus Welding, and former head of corporate finance, Gudmundur Hjaltason, each to nine months in jail, of which six months were suspended for two years. They had denied the charges.

More: http://uk.reuters.com/article/2012/12/28/uk-iceland-crisis-i...

Also:

http://12160.info/forum/topics/iceland-just-sentenced-its-fi...



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Iceland has recovered Iceland is on target

In the USA they "the bankers" got bonus for causing more hunger than a
war!

We got a new president that must be on the "take" LOOK FORWARDED!
We have created less freedoms for our average citizens and moved more money to the top. .001%
Given more power to the government that must make most banana republic's envious.
We killed over a million on lie's to war and the news hardly talks about it?
We kill in the name of Jesus.that got to be pissing him off at some point.

We torture and kill with out trials, and 90% of our leaders FISA thinks it's OK to lock anyone up if the Military says they are bad!
I mean how stupid do you have to be to trust someone with out a hearing?

Just want what seems to be missing, Truth and Justice for ALL
What is fraud except creating “value” from nothing and passing it off as something?

Did they really comit fraud

Did they really comit fraud or is this just hating the rich? I just think we must be very careful with this. Are these banks beholdent tothe public or their company? What is the nature of the fraud charges? Is it really the faul that the fes does what it does, or is it our fault and responsibility for allowing it?

"...or is it our fault and responsibility for allowing it?"

That.

And the people of Iceland took responsibility for their inactions.

I believe they are setting a very good example for the rest of the world.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

complete joke

3 months in a country club prison for destroying thousands of peoples lives. until the bankers get their just punishment it is a slap on the wrist

beephree

Perhaps it helps shine a light on their own legal system too

I'm sure Iceland has the same BS going on throughout their nation like many larger nations.

3 Months in Jail > Trillion Dollar Bailouts Bonuses

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

+ 1

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Executives at collapsed Iceland bank jailed for fraud

Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on Friday for fraud which led to a 53 million euro loss, in the first major trial of Icelandic bankers linked to the crisis.

not much of a sentence - 3 months???

They need to sentence the bankers like they sentence "ordinary" people

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

I'm a..

Pretty good carpenter... Be glad to help build it!

When Fascism goes to sleep, it checks under the bed for Ron Paul!