Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

packman

(16,296 posts)
Thu Oct 22, 2015, 12:49 PM Oct 2015

American needs to learn something from Iceland

A tip of the hat to Iceland

In stark contrast to the record low number of prosecutions of CEO’s and high-level financial executives in the U.S., Iceland has just sentenced 26 bankers to a combined 74 years in prison.

The majority of those convicted have been sentenced to prison terms of two to five years. The maximum penalty in Iceland for financial crimes is six years, although hearings are currently underway to consider extending the maximum beyond six years


http://www.rawstory.com/2015/10/iceland-does-what-the-us-wont-26-top-bankers-sent-to-prison-for-role-in-financial-crisis/

5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
American needs to learn something from Iceland (Original Post) packman Oct 2015 OP
really, kicking bankers, nu uh..not free capitalism w0nderer Oct 2015 #1
6 years of making little rocks out of big rocks would be fitting. hobbit709 Oct 2015 #2
So Bernie Madoff would have been sentenced to just 6 years in Iceland? Nye Bevan Oct 2015 #3
Exception rather than the rule packman Oct 2015 #5
iceland doesn't have the obama never go to jail plan nt msongs Oct 2015 #4

hobbit709

(41,694 posts)
2. 6 years of making little rocks out of big rocks would be fitting.
Thu Oct 22, 2015, 01:06 PM
Oct 2015

then they would learn what real work is like.

Nye Bevan

(25,406 posts)
3. So Bernie Madoff would have been sentenced to just 6 years in Iceland?
Thu Oct 22, 2015, 01:37 PM
Oct 2015

Here, he got 150 years and will die in prison.

 

packman

(16,296 posts)
5. Exception rather than the rule
Thu Oct 22, 2015, 02:11 PM
Oct 2015

Besides, he bilked RICH people out of their money - and that makes a world of difference.

Latest Discussions»General Discussion»American needs to learn s...