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Iceland told the Banks where to go and are now recovering nicely. It has been reported that Wikileaks has info. on the Banks (BOA was specifically mentioned and Jamie Dimon is obama’s favorite banker). I suppose it’s a two fer the obama administration they can use it as an excuse to go after them and teach them a lesson about messing with his contributors at the big global banks.
Iceland offers risky temptation for Ireland as recession ends
“Iceland’s president, Olafur Grimsson, irritated EU officials last month when he said his country was recovering faster because it had refused to bail out creditors – mostly foreigners.
“The difference is that in Iceland we allowed the banks to fail. These were private banks and we didn’t pump money into them in order to keep them going; the state should not shoulder the responsibility,” he said.”
Bank of America braces for WikiLeaks
http://voices.washingtonpost.com/political-economy/2011/01/bank_of_america_prepares_for_p.html