Iceland jailed the bankers and bailed out the people.
. . . sure non of our Bankers committed any crime . . . typical of Ireland Ltd . . .I see no reason why many bankers down to assistant manager level should not be called to account for their fairly shady actions . . .
Greed is mentioned in the bible.
.
I agree and every developer that increased prices on properties and every politician that wasted taxes and every public shareholder that demanded higher dividends and every person that wanted a property portfolio and every mortgagee applicant that fudged the application to get accepted and every tax cheating sponge out there and (point a finger and put in your own villain) ...
Greed is mentioned in the bible.
Considering the number of people involved and the limited storage space in Irish jails I recommend we advocate stoning.
If there's enough stones...
During the bubble there were precious few people clamouring about those things. Everyone was too busy getting ahead... unfortunately, as it turns out, on easy credit instead of actual money. I used to look around me and wonder what alternative reality I had woken up in. People earning a quarter of what I earned were buying cars three times the price of mine, taking three thousand mile each way trips to the shops, and spending what should have been the price of a house on "weddings by Franc" (a.k.a. some bloke called Kelly with a blowtorch tan). It's not true that "we all partied" ... but a helluva lot of us did.
This is worth a read - written by an Icelander and it's a bit more detailed than the usual rubbish you see on facebook:
http://studiotendra.com/2012/12/29/what-is-actually-going-on-in-iceland/
Most people prefer a few handy soundbites to reading lengthy detailed reports.
6. Iceland is now growing very strongly
Unless you’re the kind of person who looks at a child with leukaemia and says ‘look at little bald Charlie, how strongly he’s growing’ then I’d have to say no to that one. Surviving is not growing strongly.
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