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    THIS should happen HERE!!!

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    Technician
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    THIS should happen HERE!!!

    Post by Technician on Mon 05 Mar 2012, 10:16 am

    HI All,

    I have commented in the past how fast Iceland tried to deal with the disaster of its financial collapse. They went after greedy bankers, now this to quote:

    'The trial of former Icelandic Prime Minister Geir Haarde, on charges of negligence over the 2008 financial crisis, has begun in Reykjavik. He is accused of being negligent because he had not ensured financial safeguards were in place.

    The former premier says he was only doing what he thought was best for the country at the time. When Icesave collapsed, the then UK Prime Minster Gordon Brown accused his Icelandic counterpart of "unacceptable" and "illegal" behaviour after Iceland said it could not give a guarantee to reimburse UK customers of the online bank.

    In response, Mr Haarde accused the UK government of "bullying" and bringing down one of its other banks after the Treasury froze the assets of Icelandic institutions in the UK'.

    Talk about the pot calling the kettle black!!!! Its a damn shame that the architects of our crisis are not up in court with Gordon Brown at the head along with the bankers that have contributed to the ruin. If only this country had the GUTS to do the same !!!!

    Technician

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    papa_umau
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    Re: THIS should happen HERE!!!

    Post by papa_umau on Mon 05 Mar 2012, 11:44 am

    Thanks for that Technician, I did not know that he had actually went for trial.

    I TOTALLY agree that the people who recklessly brought this country and many more to their knees should have been caught and punished for their actions, but I fear this will not happen in Britain.

    When you think on it Britain was in the exact-same set of situations as Iceland was as Thatcher went to America and with Regan they both dismantled the American and the British financial watchdogs and their powers in order to free up the way that investment and general money-handling, ( and especially the sub-prime mortgage-market ), were controlled.

    Now, as a result, our FSA is toothless and worthless and the banks may just keep on doing what they have always done: take risks with our money !


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    Hell's Granny
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    Re: THIS should happen HERE!!!

    Post by Hell's Granny on Sat 10 Mar 2012, 2:26 pm

    The FSA is toothless and MPs are gutless about anything that could upset their private happy little Ivory towers.

    We need some politicians who have not been educated at Eton and the best universities.

    Cheers HG
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    papa_umau
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    Re: THIS should happen HERE!!!

    Post by papa_umau on Sun 11 Mar 2012, 1:03 pm

    That is why we at ROB and many others online and offline are starting a pressure-group to try to influence the next Labour Party to drop it's "all men to all people" policy and to get right back to it's roots where it will, once again, start to look after the ordinary people of Britain instead of the fat-cats, the corporate CEOs and the privileged classes in this country.

    Read about it HERE and if you agree, why don't you join us and copy, paste and send the open letter to Ed Miliband, with your own words added.


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