Sunday, April 10, 2011

For 2nd time Icelanders' victory against bankster

Under a deal, tax payer is to foot the bill for the debt incurred by Icelandic banks, US$5 billion to UK and Dutch banks. The deal was defeated by popular vote. [link]

Icelander has just shown the world what capitalism is all about. When banks incur bad debt, they would have to be penalized for their folly instead of letting tax payer foot the bill.
Collapsed Icesave was the online arm of Landsbanki -- the British government says it has "an obligation to get that money back."

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