First They Jailed the Bankers, Now Every Icelander to Get Paid in Bank Sale
Iceland — First, Iceland jailed its crooked bankers for their direct involvement in the financial crisis of 2008. Now, every Icelander will receive a payout for the sale of one of its three largest banks, Íslandsbanki.
If Finance Minister Bjarni Benediktsson has his way — and he likely will — Icelanders will be paid kr 30,000 ( 212 euros) after the government takes over ownership of the bank. Íslandsbanki would be second of the three largest banks under State proprietorship.
Continue reading “Iceland jails 26 Bankers and plans Windfall Gifts to Citizens”

