4 ms·

Well done Iceland. I would like to see ratio of jailed bankers to total bankers in country. Because now it looks like GES was mostly caused by Icelandic bankers

• lucianbr 3y ago
  I recently read a comment by an icelander saying that they're basically just the same as the rest of the world, incapable of punishing bankers and rich people. Just that on this occasion, the banking sector being so small, something like 90% of it failed, so they really had no choice but to jail some people. Definitely hearsay, but it really saddened me.
  • ghaff 3y ago
    That sounds about right. It's a small homogeneous country and the situation really was dire. Much more so than in many other countries, including the US, in general. The US had some big failures but the system largely held together (with the help of the government of course).