2008 was a horrible financial year for most of the world. Big banks, like the one’s on Wall Street, raped and pillaged the people around the world and mostly got away with it like they did in America.

However, not every country followed America’s insanity of rewarding the bankers for destroying the economy. Iceland did something different. They put their bankers in jail and the the results are paying off for the people, not the banks like in the United States.

That’s right, in Iceland they put the corrupt bankers in jail for their involvement in the 2008 financial crisis and meltdown. And now every Icelander may get a payout for the country’s sale of their three largest banks, Islandsbanki.

From Antimedia.org: If Finance Minister Bjarni Benediktsson has his way — and he likely will — Icelanders will be paid kr 30,000 after the government takes over ownership of the bank. Íslandsbanki would be second of the three largest banks under State proprietorship.

“I am saying that the government take some decided portion, 5%, and simply hand it over to the people of this country,” he stated.
Because Icelanders took control of their government, they effectively own the banks. Benediktsson believes this will bring foreign capital into the country and ultimately fuel the economy — which, incidentally,remains the only European nation torecover fully from the 2008 crisis. Iceland even managed to pay its outstanding debt to the IMF in full —in advance of the due date.

You know what this sounds like to me, LOGIC! Unlike the politicians in America who seem to work exclusively for Wall Street and big money corporations, the politicians in Iceland are clearly working for the people of the country.

Hopefully, they will all get their payout and continue to be a model for compassionate capitalism in the world.

SOUND OFF: What do you think of Iceland giving its people a payout from the sale of their largest banks?

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Source: TheAntiMedia.org