Iceland sets example...more bankers arrested, others are fugitive...

[rfranklin]

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.



Read more: http://www.icenews.is/index.php/2011/01/20/more-icelandic-bankers-arrested/#ixzz1CLeX4Cli





But the publication last month of a parliamentary 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.

On Wednesday, the administrators of Glitnir's liquidation announced they had filed a two-billion-dollar (1.6-billion-euro) lawsuit in a New York court against former large shareholders and executives for alleged fraud.

<...> In addition to its New York suit, Glitnir said it had "secured a freezing order from the High Court in London against Jon Asgeir Johannesson's worldwide assets, including two apartments in Manhattan's exclusive Gramercy Park neighbourhood for which he paid approximately 25 million dollars."

Gudbjartsdottir said Johannesson had just 48 hours to come up with a satisfactory list of his assets.

"If he does not give the right information he faces a jail sentence," she said.

http://crooksandliars.com/susie-madrak/four-icelandic-bankers-arrested-warra

[xchrom]

1. ...

:applause:

[zazen]

2. we should be so blessed n/t

[hobbit709]

3. I'd love to see the rats on Wall St running for their lives.

That might make me believe there is justice in the universe.

[DCKit]

4. Not lives, just their "freedoms". Bwahahahahahaha!

I wonder how many "dangerous precedent" cables have flown out of our State Department regarding this assault on the free market.

[Frosty1]

5. The US should be ashamed

:woohoo:

[blindpig]

6. Sweet

Capitalism is taking a real beating today.

[XanaDUer]

7. I'm sure they'll run to the USA

they will be shielded here.

[Enthusiast]

8. I can't tell you how gratified I feel about this.

Now if we could only extend this to the miscreants in the rest of the Western world, especially the U.S.