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Three Charts That Show Iceland's Economy Recovered After It Imprisoned Bankers And Let Banks Go Bust

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http://www.independent.co.uk/news/business/news/three-charts-that-show-icelands-economy-recovered-after-it-imprisoned-bankers-and-let-banks-go-bust--instead-of-bailing-them-out-10309503.html

Iceland’s finance minister has announced a 39 per cent tax on investors looking to take their money overseas.

The country has imposed the tax to prevent it hemorrhaging money as it loosens bank laws imposed six years ago, when Iceland made the shocking decision to let its banks go bust.

Iceland also allowed bankers to be prosecuted as criminals – in contrast to the US and Europe, where banks were fined, but chief executives escaped punishment.

The chief executive, chairman, Luxembourg ceo and second largest shareholder of Kaupthing, an Icelandic bank that collapsed, were sentenced in February to between four and five years in prison for market manipulation.

Clear hearsay, taxpayers should just give bankers all their money and worship the ground they walk on.

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why do journalists keep repeating these blatant lies?

Iceland didnt jail its bankers.

it tried to bailout its banks, its paying back their creditors.

It was bailed out by the IMF and it fully complied with IMF's requirements.

The capital controls are still in place and badly damaged the economy, mainly to protect bank creditors.

The Uk was paid back 100% by Icesave

Edited by Peter Hun

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