Mar
8
8
Iceland’s standing up
First Iceland, then the World
Michael Collins
The public is angry. Why should the public pay for the bankers mistakes. Iceland blogger Halldor Sigurdsson
Who cleans up the mess when ignorant, greedy bankers rack up massive debt then go broke? The people of Iceland made a strong statement Saturday. The sins of big bankers and government regulators shouldn’t fall on the citizens. By a 93% to 2% margin, they voted down a proposal requiring them to cover bad debt incurred by one of the nation’s oldest and largest banks. Covering the debt would have cost Iceland’s 317,000 citizens around $17,000 each.
Do you like this article? Share It!
Post comment
Additional comments powered by BackType
Make a minimum donation of $21.00 (FREE Shipping*) to Buzzflash and receive the Crude" DVD: The Toxic Rape of the Amazon by Texaco-Chevron. A Must Watch if You Want to Reclaim Earth from Its Corporate Oil Destroyers, directed by Joe Berlinger.
Help News From Underground!
Recent Posts
- Fracking poisons poisons crops and cattle
- Open letter to Mark Blumenthal of pollster.com (Richard Charnin)
- Obama wants more US arms exports
- Nora Dannehy’s investigation of US Attorney firings has a funny smell
- Open letter to Markos Moulitsas: Why is election fraud taboo on Kos?”
Recent Comments
- mcrispinmiller on Fracking poisons poisons crops and cattle
- July 31/10 Masonic Medical Doctors, e-Medical Records & N.A. Concentration Camps « Three Dead Words on Gardasil kills girls
- mcrispinmiller on Open letter to Mark Blumenthal of pollster.com (Richard Charnin)
- trishlet on Obama wants more US arms exports
- mcrispinmiller on Obama wants more US arms exports
