Iceland arrests bankers.

[dixiegrrrrl]

Icelandic bank Kaupthing's top executives indicted over market rigging

Court documents are expected to allege a conspiracy by Kaupthing chairman Sigurdur Einarsson and other executives.

Icelandic banker Sigurdur "Siggi" Einarsson, who ran Kaupthing bank from offices in Mayfair until its collapse five years ago, is among nine former senior staff who have been variously charged in Reykjavik with orchestrating five large-scale market manipulation conspiracies.

Further details, to be released by the courts later this week, are expected to allege a conspiracy by Kaupthing executive chairman Einarsson and other bosses at Iceland's largest bank, claiming they secretly used the bank's funds to indirectly buy Kaupthing shares in the hope of propping up its share price.

Holdings in Kaupthing shares were allegedly acquired in the name of selected major clients, financed by generous loans from the bank. According to an Icelandic parliamentary report, almost 42% of Kaupthing shares were held by the bank as loan collateral at the end of September 2008, much of that without the knowledge of other stakeholders in the bank.

The criminal case is the largest in a series of fraud prosecutions that have been brought to court in Iceland in recent years, and may be one of the largest alleged market manipulation conspiracies ever seen in Europe.

http://www.guardian.co.uk/business/2013/mar/19/kaupthing-executives-indicted-for-market-rigging

[russspeakeasy]

1. If only........!

[liberal_at_heart]

2. at least they're getting arrested somwhere in the world. It certainly isn't going to happen

here in the US.

[RC]

39. WE are the only industrialized country without some form of Single Payer, Universal Health care and

some think the bankers here will get their due?
And we are happy about a health care plan hatched in a Right-wing think tank, with he help of the health insurance companies?
Dream on.
The only thing that matters here is what the bankers think they think they are due.

[Phlem]

54. +1

That has been exactly my point and the point I try to pass along. The Democratic party has moved over into the right lane and we're proud that we got moderate Republican, dressed in his Democratic Party Costume, as President.

USA!USA!USA!USA!USA!



-p

[midnight]

56. ++1

[aquart]

3. GOD BLESS ICELAND!!!

[liberal N proud]

4. Too bad this will never happen in the US

[truedelphi]

5. Thanks Dixie Grrrrl -Big Hearty Rec and

A solid

[BrotherIvan]

6. Is there any way to bring a citizens' suit against banks in the US?

If the DOJ won't do it, is there any way we can?

[defacto7]

7. K&R

[Gregorian]

8. Too much cronyism in the USA for this to happen here. Holder hides as Dymon rapes the country.

[Blanks]

9. It has to start somewhere.

Isn't the economy of Iceland improving since they've decided not to coddle the bankers.

It's always nice to have a success story to point to.

On edit: in case you haven't signed the petition.

http://signon.org/sign/action-tell-obama-to?source=c.url&r_by=7254994

[cbrer]

10. Paging Eric Holder...

See? It CAN be done!

[sakabatou]

16. "Sorry, I have some more pot-heads that need cells."

[bluedigger]

11. Any chance they can come get some of ours?

It would be hard to believe ours didn't have any business in Iceland, and if they were doing business, then they were stealing from someone.

[Matariki]

12. Iceland!

[hobbit709]

13. Here they get bonuses at taxpayer expense.

[jtuck004]

14. They aren't collaborating with and subsidizing criminals, while letting families starve on

food stamps, cutting support to the most vulnerable, and throwing millions of families out of their homes?

They will never be a great country like we are if they don't get with the program.

[xtraxritical]

45. Don't forget the indispensable guns.

[Jack Rabbit]

15. Now this is how it's done, Mr. Holder

Get to work.

[xtraxritical]

46. Better yet, "get lost" .

[WillyT]

17. HUGE K & R !!! - Thank You !!!

[dixiegrrrrl]

19. I am hopeful that the Cyprus situation is a much needed spark...

and that people will soon be making their voice heard.

[WillyT]

20. You And Me Both...

And I hope it circles the globe.

[AnneD]

38. Maybe it will result in the...

FRSP (French Revolution Severence Package) or RMEM (Russian Mafia Extreme Makeover). The banks have been playing kick the can down the road but Cyprus could be a game change...say musical chairs.

Iceland has done this right and the rest of the world should take note.

[Whisp]

18. may banker and investment brokers bowels be loosening all over the world...

I love Iceland.

[allan01]

21. re:Iceland arrests bankers.

[nikto]

22. Arrests...

Without convictions and executions are meaningless.

[bvar22]

23. DURec for Iceland.

May they pioneer the path for justice here.

[hifiguy]

24. If there is any justice

there will be a full and fair trial, and prompt hangings following the convictions.

[Fire Walk With Me]

25. K&R! I hope everyone here knows HSBC laundered millions of international drug cartel $$$

and is not going to be punished for it. At all.

Meanwhile, you can go to jail for marijuana.

[dreamnightwind]

50. Elizabeth Warren certainly knows it...

even if Holder pretends not to.

[demosocialist]

26. I hope this hits the Greatest Thread.....

This should be what we are talking about BIG HUGE K&R

[ReRe]

27. Iceland: Pointing the Way!

K&R

A country where everyone lives in the real world and lets the chips fall where they may. No one is above the rule of law!

[AnotherMcIntosh]

28. A question remains. How can we get a few banksters to fly to Iceland?

[IveWornAHundredPants]

48. A trail of Benjamins leading to the door of the plane.

Fake ones. From there on in the movie Con Air can provide details of how to treat them.

[Initech]

29. If only we could start arresting the whole lot of em here.

Wells Fargo, HSBC, and Goldman Sachs - all criminal enterprises. Hell let's go after Koch Pyramid Scheme, er, Industries, while we're at it.:

[robinlynne]

30. It is a shame it is cold there. I would like to live in a place with justice.

[Sunlei]

37. a great place to visit but North Americans are not as welcome as their sister countries.

http://www.mcc.is/english/extra/immigrate-to-iceland

[IveWornAHundredPants]

47. It's probably not as cold as you think.

It's quite temperate, actually. I've been there in December, and it was just fine. Beautiful place with gorgeous, friendly, intelligent people. They used to be rather xenophobic, many years ago when it was an almost 100% white country, but that attitude is long, long gone.

[Egalitarian Thug]

55. We're seriously looking into it, but unlike the U.S., they are very concerned about their

citizens and so it ain't easy to emigrate there.

[pampango]

57. Are you saying that allowing immigation means a country does not care about its citizens?

Be sure to pass that sentiment along to the Swedes (15% are immigrants) and Canadians (19.8%). They may not be aware that they are not concerned about their own citizens. (The US comes in at about 11.5% so, by your definition, at least we care about our own citizens more than Sweden and Canada.)

[Egalitarian Thug]

58. Your typical bullshit remains as smelly as ever. Kudos for consistency.

Unlike the nations you've cited, America is unique in it's establishment and tacit approval of a black market labor pool. Sweden doesn't, Canada doesn't.

Only in America do significant industries enjoy the multiple and lucrative benefits of semi-official sanctioning of wage suppression and unlawful labor practices.

Aren't there some H-1(b)s that you should be processing?

[pampango]

60. You referenced the difficulty of immigrating legally to Iceland. I responded

with information on the high percentages of immigrants in Sweden and Canada which are countries that few argue do not care about their own citizens. My point was that a country that allows a lot of immigration is not necessarily unconcerned about the well-being of its own citizens.

Canada has a version of the H1B visa, but most of their highly-skilled workers are admitted as permanent immigrants not as temporary workers. That makes immigrating to Canada easier than to the US. Since they are admitted as legal workers and permanent residents on a path to citizenship they are not exploitable. I would think that is preferable to the way the US uses H1B visas. I am a proponent of immigration - as Canada handles it - not of the temporary work visa.

[green for victory]

31. what does timmy know and when did he know it

[IMG][/IMG]

[dixiegrrrrl]

41. Damn...looks like the Penguin.

[green for victory]

61. nailed

[IMG][/IMG]

[IMG][/IMG]

It's not *that* funny, Timmy

yikes, look at those crows feet- looks like he's been wired under the skin or something

[SunSeeker]

32. K&R

[DeSwiss]

33. K&R

- Ever so slowly we seem to be getting a hang of this ''Arrest All The Bankers'' thing.....



http://www.zerohedge.com/news/2013-02-14/first-monte-paschi-banker-arrested-54mm-stash

http://americanlivewire.com/world-economic-news-icelands-economy-now-growing-fas/

[blkmusclmachine]

34. Wall Street Shrugs

"Can't Happen Here. We Own The Place."

[King_Klonopin]

35. Government can work

if it is owned by "the people".

[Sunlei]

36. Ice. gov. took away bankers travel papers so they couldn't flee & forgave all home forclosures.

If only America could have not let the banks, private prisons, private schools and the war profiteers rape all Americas federal and state money.

[Teamster Jeff]

40. K&R

[Egalitarian Thug]

42. The opposite of what America does.

[dixiegrrrrl]

43. I hope that goes onto a Facebook page.

[Egalitarian Thug]

44. I got it from Google, but it probably started on FB. n/t

[noiretextatique]

51. +1000

that's exactly what needs to happen everywhere.

[Egalitarian Thug]

59. The world is almost ripe for real change, especially in the area of finance. n/t

[cantbeserious]

64. Being Screwed By The Government, Oligarchs, Corporations And Banks Is The Definition Of America

eom

[Amonester]

49. But, but, but... Working the system to defraud entire countries is...

'hard werk'!!!!

Can't the job destroyers enjoy the fruits of their shenanigans anymore???? /sarcasm

[love_katz]

52. Kicking.

Send it to the Greatest Page.

[pscot]

53. Bra-Vo

[Safetykitten]

62. I was wondering how this is done exactly, your guy in your corner...Mr. Holder.

[dixiegrrrrl]

63. Maybe Holder has not seen the instructional video...