Iceland Arrests Former CEO Of Failed Bank

Reuters - Business Insider ^ | 12-1-2011 | Adam Taylor

[apoliticalone]

Iceland's special prosecutor has taken Larus Welding, the former head of the failed Glitnir Bank, into custody, Reuters reports.

Glitnir Bank was the first of the top three Icelandic commercial banks to fail in 2008.

Read more: http://www.businessinsider.com/iceland-glitnir-bank-larus-welding-2011-12#ixzz1frUOZ09P

http://www.reuters.com/article/2011/11/30/us-iceland-glitnir-idUSTRE7AT2UX20111130

[apoliticalone]

What has Obama done to go after the same bankers whose actions were instrumental in taking down the USA economy, and who coincidentally were also instrumental in putting him into office? Quid pro quo?

Iceland voters did not accept financial responsibility for their private banks, and is now on the road to recovery. Other countries that treated their banks as business partners and were given blank checks from the taxpayers, are still foundering, while the bank executives remain in place with huge compensation packages.

http://www.marketplace.org/topics/world/iceland-strongly-recovering-bankruptcy