You are here

Iceland Just Did The Exact Opposite of What the U.S. Does — It Found 9 Banksters Guilty in Historic Case

  • We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the people and didn’t introduce austerity measures like you’re seeing in Europe. --Icelandic President, Olafur Ragnar Grimmson
  • Related: Call out the corruption

Jay Syrmopoulos, Free Thought Project  / Activists Post Now you can follow Evergreene Digest on Twitter. 9, 2016 | On Thursday, Iceland’s Supreme Court found nine bankers guilty of market manipulation, affirming the conviction of the seven defendants found in a June 2015 decision by the Reykjavik District Court, and handing down a guilty verdict to two defendants previously acquitted in district court.

The Supreme Court decision found that “[b]y fully financing share purchases with no other surety than the shares themselves, the bankers were accused of giving a false and misleading impression of demand for Kaupthing shares by means of deception and pretense,” to the Iceland Monitor.

Jay Syrmopoulos writes for, where this article first appeared.

Full story … 


Call out the corruption, Evan, Fight For the Future

The TPP is so corrupt it’s a stretch to even call it a trade deal.