Banks Held To Account 2!

Former Prime Minister could face 2 years in prison for his role in the financial crisis.

No, not Gordon Brown but there's time yet as he is not only culpable but could be argued to be one of the masterminds of the financial crisis. Little Iceland, according to today's Huffington Post, is showing the way ahead for democracy:

Geir Haarde, Iceland Ex-PM, Indicted For Role In Financial Crisis

And just so to make Mervyn King sweat, Iceland's central bank chief has been heavily criticised in the commissions report which has lead to the 'indictment' of the ex-PM:

Pall Hreinsson, the supreme court judge appointed to head the Special Investigation Commission that issued the report, singled out seven former officials including Haarde and central bank chief David Oddsson for particular criticism.

The islanders have stood up to the international banking cartel that want the citizens of the islands to pay for the fraud of private bankers. Don't want the Icelanders repudiating the debts and making the banks responisble - that might set an ugly precendent! The banks in Iceland were encouraged by the CIty and Wall St. to partake in derivatives fraud. When it all went wrong British and Dutch banks who were owed money by Iceland's banks wanted to hang the debts around the necks of citizens. Unlike Britain, Ireland and others who accepted the bankers' debts meekly as though having their wealth stolen was neither here nor there.

Icelanders want to see the extradition of former chief bankers to Iceland but last I heard the most wanted was in Britain, living it up, courtesy of Gordon Brown's protection. I think we are starting to see why Brown preferred to see the Icelanders take the wrap instead of the bankers.