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Video & Multimedia

DeSwiss

(27,137 posts) Wed Apr 24, 2013, 08:44 PM Apr 2013

11

Iceland bank heads appear in court

AlJazeeraEnglish·Published on Apr 24, 2013

The former president of what was once Iceland's biggest bank has appeared in court in Reykjavik to face fraud charges.

He and eight other executives are accused of manipulating the share price of Kaupthing, one of three Icelandic banks that collapsed after the failure of the US housing market.

Al Jazeera's Tim Friend reports from Reykjavik.

5 replies

= new reply since forum marked as read

Highlight:

Iceland bank heads appear in court (Original Post) DeSwiss Apr 2013 OP

Calling Eric Holder! Eric Holder! Anyone seeing this should know snappyturtle Apr 2013 #1

the banks have resumed marketing securities based on questionable mortgages dixiegrrrrl Apr 2013 #2

Oh yes, I've heard....unbelievable. That's why the meltdown will happen snappyturtle Apr 2013 #3

And selling them to duped/bribed/corrupt pension fund managers again? reformist2 Apr 2013 #4

Yeah....there was an article about it this week. dixiegrrrrl Apr 2013 #5

snappyturtle

(14,656 posts)

1. Calling Eric Holder! Eric Holder! Anyone seeing this should know

Reply to DeSwiss (Original post)

Wed Apr 24, 2013, 08:48 PM

Apr 2013

this is the just and right method to prevent another banking
meltdown that I'm fairly certain is going to occur again
in the USA.

dixiegrrrrl

(60,010 posts)

2. the banks have resumed marketing securities based on questionable mortgages

Reply to snappyturtle (Reply #1)

Wed Apr 24, 2013, 09:01 PM

Apr 2013

if you can believe that..doing the same damn thing.

snappyturtle

(14,656 posts)

3. Oh yes, I've heard....unbelievable. That's why the meltdown will happen

Reply to dixiegrrrrl (Reply #2)

Wed Apr 24, 2013, 09:03 PM

Apr 2013

again. Dood-Frank has exempted the gov't. (taxpayers) from
the bailout. So hang on to your money.....literally.

reformist2

(9,841 posts)

4. And selling them to duped/bribed/corrupt pension fund managers again?

Reply to dixiegrrrrl (Reply #2)

Wed Apr 24, 2013, 10:49 PM

Apr 2013

dixiegrrrrl

(60,010 posts)

5. Yeah....there was an article about it this week.

Reply to reformist2 (Reply #4)

Thu Apr 25, 2013, 12:31 AM

Apr 2013

maybe over the weekend...

They do the same thing with car loans now, securitize them.
And loans now go up to 97 months!!!
for a car!

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