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PROSECUTING!
The Market Ticker ^ | 1/22/2011 | Karl Denninger

Posted on 01/23/2011 7:08:13 AM PST by FromLori

Oops... it's not here....

Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation.

Hoh hoh hoh......

Now we're talking. Investigations into the banking crisis, and they're actually going to lock up some banksters?

Now that's progress.

Speaking of progress, has anyone paid attention to the labor force participation rate in Iceland lately, or the change in unemployment, or the change in imports and exports?

I wouldn't say their economy is "booming", but it sure looks pretty good compared to a lot of others, having told the banksters who wrote a bunch of bogus paper they couldn't cover to go stuff it instead of bailing them out!

I wonder if this had anything to do with Iceland's willingness to "do the right thing"?

If you remember, just about one year ago Iceland refused to bail out IceSave. There were threat of doom and gloom made by the banking cartel. But the people stood firm, and made clear that they weren't going to stand for it - and were willing to be more than a bit forceful in their refusal.

The government folded to the people and told the Banksters to shove it.

It was the right decision.

And now, perhaps, the Banksters responsible might wind up in prison.

That too would be the right decision.


TOPICS: Business/Economy; Miscellaneous
KEYWORDS: bankers; denninger; economy; fraud; ticker

1 posted on 01/23/2011 7:08:15 AM PST by FromLori
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To: Kartographer; Chunga85

Ping

Related links

More Icelandic bankers arrested

http://www.icenews.is/index.php/2011/01/20/more-icelandic-bankers-arrested/

The Torches Come Out in Iceland

http://www.wealthdaily.com/articles/iceland-england-bailout-protests/2252


2 posted on 01/23/2011 7:10:45 AM PST by FromLori (FromLori">)
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To: FromLori

What are our chances...?


3 posted on 01/23/2011 7:11:53 AM PST by Silentgypsy
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To: Silentgypsy

Slim to none most likely right now the TBTF banks own obama and the Fed is working in concert with him monetizing the debt they’ve even made accounting changes. I suppose when we start the real collapse our citizens might rise up like they did in Iceland but I don’t see it happening right now.

http://www.freerepublic.com/focus/f-news/2661476/posts

Barack’s Wall Street Problem is Now America’s

http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/

JPMorgan CEO Jamie Dimon Donates Serious Cash to Democrats

http://www.opensecrets.org/news/2009/07/jpmorgan-ceo-jamie-dimon-donat.html


4 posted on 01/23/2011 7:18:39 AM PST by FromLori (FromLori">)
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To: FromLori

I’ve wanted to travel to Iceland ever since reading “Red Storm Rising”. Sounds like the folks have their heads screwed on straight, so it might be a good place to go!


5 posted on 01/23/2011 10:19:28 AM PST by SuziQ
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To: FromLori
Iceland: Arresting the Bankers America Won't


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

6 posted on 01/23/2011 10:24:14 AM PST by The Comedian ("Extremism in the defense of liberty is no vice" - B. Goldwater)
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To: SuziQ

My son has been there a couple of times he said the people are just wonderful.


7 posted on 01/23/2011 10:34:37 AM PST by FromLori (FromLori">)
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