James Woods — Iceland sentences 26 bankers to a combined 74 years in prison

When Iceland’s President, Olafur Ragnar Grimmson was asked how the country managed to recover from the global financial disaster, he famously replied,

“We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the poor, and we didn’t introduce austerity measures like you’re seeing in Europe.”

US Uncut
Iceland sentences 26 bankers to a combined 74 years in prison
James Woods