Skip to comments.Icelandís ex-PM Geir Haarde tell court he is innocent as historic financial crisis trial opens
Posted on 03/05/2012 9:46:27 AM PST by Kartographer
A former prime minister of Iceland on Monday rejected charges he failed to adequately protect his countrys economy from financial shocks, as he took the stand in the first criminal trial of a world leader to result from the 2008 financial crisis.
Geir Haarde said neither he nor financial regulators knew the real state of Icelandic banks precarious finances until they collapsed in October 2008.
(Excerpt) Read more at washingtonpost.com ...
“Geir Haarde said neither he nor financial regulators knew the real state of Icelandic banks precarious finances until they collapsed in October 2008.”
So... it’s all George Bush’s fault?
Haarde is being prosecuted for not bailing out the banks - for refusing to socialize losses.
He should be given a medal.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.