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Iceland has just jailed two of its bankers for fraud stemming from the 2008 economic crisis.

While in the UK we’ve just given a knighthood to former Financial Services Authority chief executive Hector Sants whose incompetence allowed bankers to cause the financial crisis to happen – and while other countries in Europe have decided to bail out their bankers and allow them to continue to award themselves massive pay and bonus packages while telling everyone else they have to suffer massive cuts to jobs, salaries and services – Iceland decided to put their wrongdoers in prison instead.

Two former executives at an Icelandic bank which collapsed in the 2008 financial meltdown have both been sentenced to 9 months in jail for fraud by a Reykjavik court.

And in a twist of unbelievable self-parody, over here ‘Sir’ Hector Sants has also just been hired by Barclays Bank – to help them clamp down on their out-of-control executive bonus and pay structure  – on a salary of £3m:

Barclays Pays Executive £3m – to Clamp Down on High Pay!

I know Iceland is supposed to be populated mainly by sheep but I bet they can’t match the 62 and a half million we seem to have got residing over here in the UK.


Related articles by Tom Pride:

Scientists Claim Tiny Sub-Atomic Traces of Ethics Discovered in Barclays

Independent Commission – excessive banking can cause blindness

Senior government adviser warns that problem banking families ‘have too many children’

Moody’s downgrades Moody’s on excessively materialistic outlook and crap forecasts

The (Real) Definition Of Standard & Poor’s Credit Ratings…..

It’s official: Homeowners can bash bankers who try to steal their homes!

Rat warning as floods flush out pests from city boardrooms

UK suffers worst double-dipstick chancellor in 50 years

Scientists Claim Tiny Sub-Atomic Traces of Ethics Discovered in Barclays

Sheffield man left with nothing after falling victim to Westminster conmen

Severe conditions alert for UK as cold front of austerity paralyses the country


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