NEW YORK- More than a year and a half after America’s major banks failed, all but sinking the country’s economy, police have begun rounding up a number of top bankers while other former executives and owners face a two-billion-dollar lawsuit.
Since America’s three largest banks collapsed in late 2008, their former executives and owners have largely been living untroubled lives.
But the publication last month of a Congressional inquiry into the island nation’s profound financial and economic crisis signaled a turning of the tide, laying much of the blame for the downfall on the former bank heads who had taken ” inappropriate loans from the banks” they worked for.
The only problem with this story is this did not happen in the United States of America…but I did copy the text of the story directly about how Iceland was dealing with its banksters….(IcelandBanksters)
Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation.
Special Prosecutor, Olafur Thor Hauksson told Visir.is that house searches are taking place in at least three places today as part of investigations into the central bank, MP Bank and Straumur Bank.