Icelanders Really Jailed Some Bankers Today. Really!

[unhappycamper]

http://grapevine.is/news/2015/02/12/icelanders-really-jailed-some-bankers-today/

Icelanders Really Jailed Some Bankers Today. Really!
Jón Benediktsson
February 12, 2015

The former CEO of Kaupþing, former chairman of the board of Kaupþing, former CEO of Kaupþing Luxembourg and former owner of 10% of Kaupþing all got sentenced to prison today by the supreme court of Iceland, reports Kjarninn.

Former CEO Hreiðar Már Sigurðsson recieved five and a half years, minus time already spent in custody. Magnús Guðmundsson former CEO of Kaupþing Luxembourg and Ólafur Ólafsson former 10% owner of Kaupþing got harsher senteces than in Reykjavík District Court, both getting four and a half years.

Former chairman of the board Sigurður Einarsson, hower, got four years. In a live interview on RÚV this evening the chairman slurred his words, with many taking to social media in outrage over his alleged drunkenness.

In the court’s opinion, the four conspired to conceal the fact that one of the investors in Kaupthing, Mohammad Bin Khalifa Al-Thani, owned his 5.01% stake in the bank thanks to money lent to him by the bank itself. Investigations into the four go back to the Icelandic bank crash of autumn 2008. In the wake of a report on the contributing causes of the crash from the Special Investigative Commission, the Special Prosecutor’s Office was created. The office targeted many top bank officials from Glitnir and Kaupthing.

[underpants]

1. Way to go Icelanders

[RoccoR5955]

2. Don't expect the US to do anything like this

They worship the damn bankers, along with their dollar, gun, and bible.

[unhappycamper]

3. Warren Zevon addessed this a while ago:

[libodem]

11. One of my favorite

Songs on the Planet.

[mountain grammy]

12. The shit has hit the fan!!! I love this song!

[rpannier]

4. Now their economy will collapse because no one will want to be a bankster

in Iceland

At least that's the logic of Jamie Dimon

[Hoppy]

6. Right-on ! Iceland will be the new Greece. Maybe change their name to Icy-Ky. .

That's why Holder acted responsibly and didn't prosecute our banksters. It would have sent our economy into tatters. We can't have upright, white citizens in the slammer.

What about Uncle Bernie, you ask? He defrauded other rich, white ppl. He don't count.

[mountain grammy]

13. Riiiiiiiiiiiiiight!!!!

[Scuba]

5. Ours get bonuses for the same crimes.

[Overseas]

7. K&R. Glad to hear it.

[midnight]

8. Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong

"What Iceland did was right. It would have been wrong to burden future generations with the mistakes of the financial system."




http://www.washingtonsblog.com/2012/08/top-economists-iceland-did-it-right-everyone-else-is-doing-it-wrong.html

[rurallib]

9. I hope we get videos of these guys actually being put behind bars

While they got sentenced today, for some reason I just won't believe it until I see the cell door clank shut behind them.

[libodem]

10. Woo Hoo

[mountain grammy]

14. I want pictures!

Way to go Iceland. You have my undying respect..

[unhappycamper]

15. Ask and ye shall receive:

http://www.world-newspapers.com/

http://www.world-newspapers.com/iceland.html

http://www.mbl.is/english/

http://www.mbl.is/english/news/2015/02/12/kaupthing_four_receive_prison_sentence/

[pa28]

16. They went for the top figures as well instead of accepting a few low level scapegoats.

If only they had been American banking executives.

Instead of going to jail they would enjoy a blank check from the taxpayer on derivative losses and a regular lunch at the White House.

Too bad for them.

[BrotherIvan]

17. K and fookin RRRRRRRRRRRR!

Too bad nothing will happen to HBSC. Or HRH Dimon.

[appalachiablue]

18. Way to go Iceland! Integrity exists in that land.