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Here's How Iceland got out of their Fiscal Mess

 
Anonymous Coward
User ID: 28750409
United States
11/30/2012 03:02 PM
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Here's How Iceland got out of their Fiscal Mess
Here's how Iceland got their financial affairs in better order. They were sold the bogus mortgages in a lot of their pension programs (the CCC that were passed off as AAA by Moody's)

[link to www.washingtonsblog.com]
Ralph--a house dog

User ID: 25802009
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11/30/2012 03:24 PM

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Re: Here's How Iceland got out of their Fiscal Mess
Thank you for this, OP! Iceland may have been in a unique position but maybe there's some hope for the rest of us.

Iceland was able to solve their problem primarily because their leaders were not owned by banks and corporations like most of ours are.

The US needs to at least make a start by pushing for prosecution of major players in all this banking corruption.

Unfortunately, the worst offenders are Goldman Sachs, Morgan Stanley, and a few others who own enough politicians to be bulletproof.

Perhaps starting a bit lower down the criminal ladder and progressing upwards would be doable.

Term limits for Congress would help, too; at least enough newcomers might be relatively untainted for long enough to pass needed anti crooked bankster legislation.

The more people who become aware of this and put pressure on Congress, (and the media) the more likely something will be done.
"Who decides?"
---Robert A. Heinlein

[link to www.westcoasttruth.com]

"Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"
----Dylan Thomas
Ralph--a house dog

User ID: 25802009
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11/30/2012 03:28 PM

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Re: Here's How Iceland got out of their Fiscal Mess
bump
"Who decides?"
---Robert A. Heinlein

[link to www.westcoasttruth.com]

"Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"
----Dylan Thomas
Dr. Lecter
I'm a goddamn marvel of modern science

User ID: 24275310
United States
11/30/2012 03:30 PM

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Re: Here's How Iceland got out of their Fiscal Mess
Thank you for this, OP! Iceland may have been in a unique position but maybe there's some hope for the rest of us.

Iceland was able to solve their problem primarily because their leaders were not owned by banks and corporations like most of ours are.

The US needs to at least make a start by pushing for prosecution of major players in all this banking corruption.

Unfortunately, the worst offenders are Goldman Sachs, Morgan Stanley, and a few others who own enough politicians to be bulletproof.

Perhaps starting a bit lower down the criminal ladder and progressing upwards would be doable.

Term limits for Congress would help, too; at least enough newcomers might be relatively untainted for long enough to pass needed anti crooked bankster legislation.

The more people who become aware of this and put pressure on Congress, (and the media) the more likely something will be done.
 Quoting: Ralph--a house dog


exactly....

this is why congress will never delve into term limits.
Liberal Logic: Demanding that the government stay out of your bedroom while insisting they pay for your birth control and abortions.

Liberal Logic: Demanding the right to kill an innocent child as it's being brought into the world while insisting on clemency for a man who has raped, tortured and burned to death a mother and her two teenage daughters.
Anonymous Coward
User ID: 1303612
United States
11/30/2012 03:37 PM
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Re: Here's How Iceland got out of their Fiscal Mess
As long as the bankers rule, this mess is just going to get worse. Excellent Article!
Anonymous Coward
User ID: 24760791
Thailand
11/30/2012 03:39 PM
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Re: Here's How Iceland got out of their Fiscal Mess
This is why nobody ever talks about Iceland anymore. Because they did the right thing, and are perfectly fine and their economy is growing.
Bodega2012

User ID: 27910567
United States
12/04/2012 12:08 AM

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Re: Here's How Iceland got out of their Fiscal Mess
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