2 ex-Landsbanki executives arrested in Iceland

[Electric Monk]

Source: AP

REYKJAVIK, Iceland (AP) — Two former senior executives with Iceland's failed Landsbanki bank have been arrested over allegations of market manipulation, the special prosecutor's office said Friday.

Prosecutor Olafur Hauksson said he had asked that ex-Landsbanki chief executive Sigurjon Arnson and former head of corporate finance Ivar Gudjonsson be detained in connection with investigation into the collapse of the institution. It's one of several Icelandic banks that failed in 2008 under the weight of enormous debts racked up during the tiny North Atlantic nation's boom.

The two were brought in for questioning Thursday and remained in custody Friday. A judge at Reykjavik's district court was due to rule on their continued detention later. Five other Landsbanki executives also were questioned by investigators Thursday, although it was not immediately clear why they were released while the other two were held.

(snip)

Icelanders are still struggling to emerge from the banking collapse that wrecked their economy, sent their currency into a tailspin, and forced out the country's then-leaders.

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[rfranklin]

1. We should follow their example...

and throw a few of our banksters into jail.

[lldu]

2. We should put all our thieving bankers on trial instead of giviing them all our money!!!

[DeSwiss]

3. K&R

http://www.youtube.com/watch?v=q3svW8PM_jc&feature=fvw">That's The Way -- Unh-huh, unh-huh, I Like It

[aquart]

4. See, America? It CAN BE DONE!