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

(ANTIMEDIA) Iceland — 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 Iceland 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.

About David Robinson

REVISED: David Robinson is an Author and Journalist living in the mid-coast area of Maine. He is a Graduate and Alumni of the Brunswick Police Academy. He served as a JUROR seated on the Cumberland County, Maine, Grand Jury for the first four-month session of 2014. Publisher Robinson served 3 months of a 4-month sentence for Conspiracy to defraud the United States, at the FCI Berlin minimum security Satellite Camp in Berlin New Hampshire, as retaliation after he and a friend sued the IRS, unsuccessfully, for Unfair Trade Practices, under Title 15 of the US Code. +++ Maine Lawsuit Against The IRS: For Unfair Trade Practices (http://tinyurl.com/hm8gdls) +++ Failure to File & Conspiracy: United States vs. Messier & Robinson - No. 2:14-cr-00083-DBH (http://tinyurl.com/gwdyaps) +++ On Appeal from the United States District Court for the District Court of Maine / REPLY BRIEF OF ROBINSON (http://tinyurl.com/zyp9f3x) +++ Books by David E. Robinson (http://tinyurl.com/zrr9bxb)
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