First They Jailed the Bankers, Now Every Icelander to Get Paid in Bank Sale

hanks to L. 

First, Iceland jailed its crooked bankers for their direct involvement in the financial crisis of 2008. Now, every Icelander will receive a payout for the sale of one of its three largest banks, Íslandsbanki.

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 [sic] 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 to recover fully from the 2008 crisis. Iceland even managed to pay its outstanding debt to the IMF in full — in advance of the due date.

Guðlaugur Þór Þórðarson, Budget Committee vice chairperson, explained the move would facilitate the lifting of capital controls, though he wasn’t convinced State ownership would be the ideal solution. Former Finance Minister Steingrímur J. Sigfússon sided with Þórðarson, telling a radio show, “we shouldn’t lose the banks to the hands of fools” and that Iceland would benefit from a shift in focus to separate“commercial banking from investment banking.”

Plans haven’t yet been firmly set for when the takeover and subsequent payments to every person in the country will occur, but Iceland’s revolutionary approach to dealing with the international financial meltdown of 2008 certainly deserves every bit of the attention it’s garnered.

Iceland recently jailed its 26th banker — with 74 years of prison time amongst them — for causing the financial chaos. Meanwhile, U.S. banking criminals were rewarded for their fraud and market manipulation with an enormous bailout at the taxpayer’s expense.


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24 Responses to First They Jailed the Bankers, Now Every Icelander to Get Paid in Bank Sale

  1. bewareofserco says:

    74 years of “prison time” shared between 26 bankers is not even a slap on the wrist. It adds up to an average of just over 2 years per crook! What happened to making the punishment fit the crime? These criminals caused vast suffering way beyond the borders of Iceland! The world has become soft on crime and soft on the causes of crime IMO. If I stole a loaf of bread from my local “supermarket”, because I was starving, I would probably get a similar punishment!!!

    It’s a sick joke. We need to arrest the Rothschilds, put them on trial and then when found ‘guilty’ of “crimes against humanity”, EXECUTED. No messing.

    • Revenge has proven to be a bad choice not ever solving anything. And Iceland may just be wise, saving on huge costs that prisoners are costing. Deathsentences do not belong to civilised cultures, let alone executions. Rehabilitation projects have proven to work for the worst prisoners. Hopefully the foreign bankers were be deported from Iceland after serving their sentences, dutch style. You cannot commit big crimes and keep your passport.

      • Gary Ewart says:

        Death sentences do have a place in civilised society. To execute the bankers would be against their rights but they should have had a lot harsher sentences. I do belive that if you executed some of the worst criminals then watch the crime rate drop. Murders will never stop but premeditated murders will where people go out armed with guns,knives etc they would think twice. How many murderers have been let out to kill again? Execute them and that solves the problem Not create more misery for another family through them having lost a loved one which could have been avoided if the perpetrator had been put to death in the first place.

  2. Pingback: First They Jailed the Bankers, Now Every Icelander to Get Paid in Bank Sale | renematosruiz6663

  3. Tigs2 says:

    74 years between them may not oe oerfect but it is a damn sight better than letting them of scott free, bailing them out and then letting them claim huge financial rewards as happened in the US and UK. So who at least tried to get it right??

    • bewareofserco says:

      A “token” punishment, is NOT a punishment – it’s a cop out. The political systems in the US and UK have been hijacked by outright criminals so any claim that someone is “getting it right” compared to those two basket cases is pretty feeble really!

      • Billy Gruff says:

        I think they might have learned something from Gandhi & Nelsons Mandela’s approach to conflict resolution. I suppose, Now they are out, we could take out the Icelandic Bankers with Drone strikes?

        • bewareofserco says:

          LOL! Taking out ALL Rothschild bankers with drone strikes is what I would call “progress” and it would probably be the first time that I would have a reason to approve the use of drones! Although, using $million $dollar missiles to take out such worthless crap could be viewed as excessive by some, it’s better than using them to destroy hospitals, homes and the lives of innocents etc in a phoney “war on terror”!

          Incdentaly, Mandela was a “Knight of Malta” and therefore a willing puppet of the NWO. You don’t go from prison to president unless you’ve done a deal with the Devil.

          • Jean says:

            Sad, isn’t it? Hugs, ~Jean

          • Pauline says:

            Of all the things you could have noted, you had to attack Mandela. Says a lot to me about you.

            • Jean says:

              Pauline, sadly, we were also lied to about Mandela. Mandela was a member of the Knights of Malta. Look up that organization. It’s so hard to find we were lied to about people we believed in! Hugs, ~Jean

            • Wake up so he was. Strange stories surround his dying. And so most likely is Putin. No ruler allowed in power unless they are. Israel already threatening Iceland with repercussions. Iceland a country once invaded by algerians, who killed almost all of the male population and raped many of the women, kidnapping many to go with them to Algeria, first landing in the south of Ireland, where some also settled. And that with a dutch shipcommander. Which causes deep embarrassment in me. Most likely though all of us have some criminal ancestors or invaders in our bloodline.

          • You seem to be lacking empathy and compassion just like the people you fulminate against. Making yourself as part of the problem belonging to an outmoded society, culture.

        • Come on we are not talking conflict resolution here. There is no question about different populationgroups of one country having committed crimes on eachother. American bankers infiltrated the place and then seduced those vulnerable to be seduced by the prospect of free wealth. Moreover who understood the scheming bankdeals at those times. Not even many of the bankworkers themselves. Of which many american ones left the business, deeply ashamed and feeling guilty.

      • Jeremiah says:

        Yep we even let them rake bonuses and stock options after the stimulus money. What a joke.

  4. bliss says:


  5. billycarlin says:

    The huge problem is they are still taking part in the corrupt Rothschild/Vatican banking and financial system that is robbing the masses of their wealth and controlling their countries – nationalising the banks and printing their own money debt and interest free is the correct way to things like Germany did in the 1930’s, the US did with the Greenback Dollar and the UK did with the Bradbury Pound.

  6. Iceland should be applauded for the tough line it has taken with bankers, for forgiving the mortgage debt owned by its own citizens, and for paying off its IMF debt. As I understand it though, a significant proportion of Iceland’s debt to individual UK creditors remains unpaid. Furthermore, many of the institutional creditors (who were forced to write off assets) were UK local authorities investing their communities’ resources.. Perhaps Iceland should be gifting UK taxpayers first.

  7. Nice blog. About time the people were looked at as stakeholders in a nation.

  8. Very brave! Well done, Iceland!

  9. TG says:

    Its not much as far as penalty but far, far more than any other country has done. In fact…not one country even comes close.
    Iceland has effectively paved the way and set precedent for this kind of action everywhere… so there is no reason why the rest of the world can’t do the same… if only the masses would finally wake up.
    I think on top of the prison time… what would make the biggest impression on these wall street white collar criminals… is that they actually “Pay” for their crimes. They should have all their personal wealth and holdings confiscated, declared “bankrupt” and have to start over like everyone else when they are released.
    They should also have to pay financial restitution in the form of an income garnishee for the rest of their life, after taxes.
    That is the appropriate penalty… that truly fits the crime of these greedy money grubbing people.
    Other wise, what’s a couple years in the crowbar hotel when you have a fortune stashed away and another high paying job in the cabal waiting for you when you get out…

  10. Tere says:

    I agree with TG they should have to pay financial restitution in the form of an income garnished for the rest of their lives…….. That truly fits the crime of these greedy money grubbing people. ….etc etc.a

  11. I read an article some time ago that that is how those in with the cabal/Illuminati elite are being kept in the system. By threatening the masses would execute and hang them if they found out all they had done. The fabrication of ISIS shows that excluding certain people of a society, f.e. the BAATH party in Iraq, creates unexpected and unwished for results. Also with far right parties gaining power in Europe as well as in scandinavian countries, how many would have to be excluded or tried. Personally i welcome them back. Knowing even the worst criminal/murderer can be rehabilitated and the seemingly good guys are not always that good. Personally i believe it is our own responsibility. Enough of those desiring change and we will bring about what Rupert Sheldrake refers to the 100th monkey effect changing the entire morphogenetic field and noone able to resist that change. Nicaragua taught us how the revolutionaries, once in power, were just as bad as the dictators driven out.

  12. Don Hayes says:

    Two years may not seem like a long time, but for anyone who has been in prison for a week, it will seem like seven years. I applaud Iceland. It’s certainly more than a fine, which the U.S. banksters take as the cost of doing business.

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