Red Ice News

The Future is the Past

First They Jailed the Bankers, Now Every Icelander to Get Paid in Bank Sale
New to Red Ice? Start Here!

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

Source: theantimedia.org

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.

Source: theantimedia.org

Comments

We're Hiring

We are looking for a professional video editor, animator and graphics expert that can join us full time to work on our video productions.

Apply

Help Out

Sign up for a membership to support Red Ice. If you want to help advance our efforts further, please:

Donate

Tips

Send us a news tip or a
Guest suggestion

Send Tip

Related News

The Purge Begins: Deutsche Bank Fires 400 US Bankers
The Purge Begins: Deutsche Bank Fires 400 US Bankers
Following a Wave of Banker Suicides, 3 Former Barclays Bankers Now Charged in LIBOR Scandal
Following a Wave of Banker Suicides, 3 Former Barclays Bankers Now Charged in LIBOR Scandal

Archives Pick

Red Ice T-Shirts

Red Ice Radio

3Fourteen

Con Inc., J6 Political Prisoners & The Pedophile Problem
Kim Coulter - Con Inc., J6 Political Prisoners & The Pedophile Problem
Why European Culture, Art and Beauty Matter
Gifts - Why European Culture, Art and Beauty Matter

TV

Jailed For Memes W/ Dries Van Langenhove & Zionists To Ban TikTok W/ Sam Parker - FF Ep251
Jailed For Memes W/ Dries Van Langenhove & Zionists To Ban TikTok W/ Sam Parker - FF Ep251
No-Go Zone: Just Let Them Rob You & Don't Fly, Stay In The Pod
No-Go Zone: Just Let Them Rob You & Don't Fly, Stay In The Pod

RSSYoutubeGoogle+iTunesSoundCloudStitcherTuneIn

Design by Henrik Palmgren © Red Ice Privacy Policy