Iceland arrested their Bankers back in 08

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  Jul 23, 2012 2:32 PM GMT

  http://www.upworthy.com/bail-out-the-bankers-iceland-arrested-them-and-look-what-happened?g=4&c=la1
  
  So apparently Iceland arrested the heads of their banks back in 2008 instead of giving them bailout money (like the US did) and now their economy is growing again.
  
  I wanna know why the heads of the US Gov't are sucking on the Rothschild cock.

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  Jul 23, 2012 5:31 PM GMT

  Cuz our govt is totally bought and controlled by big money. Can't you tell?
  
  We don't need Second Amendment guns to protect our democracy. We need campaign financing limits.

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  Jul 23, 2012 5:33 PM GMT

  I always thought the whole thing stank of injustice. A guy steals a little old lady's purse and is thrown in jail.
  
  A guy participates in effectively robbing millions of retirement savings and gets a bailout cheque and a bonus.
  
  The message I got after this market fall out was if you steal and destroy the lives of others, its OK so long as you do it with a white collar.

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  Jul 23, 2012 5:37 PM GMT

  Martha Stewart went to prison, but the Wall St. execs remain free! Go figure.

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  Jul 23, 2012 5:45 PM GMT

  Caslon20000 saidMartha Stewart went to prison, but the Wall St. execs remain free! Go figure.

  
  
  Haha poor Martha - I forgot about that.

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  Jul 23, 2012 5:55 PM GMT

  The trick is to steal from poor people. They can't do anything about it.
  
  While stealing from rich people at first glance seems more obvious, they have the time, money and vindictiveness to hunt you down.

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  Jul 23, 2012 5:59 PM GMT

  This whole thread:

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• mustangd
  
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  Jul 23, 2012 6:06 PM GMT

  Caslon20000 saidCuz our govt is totally bought and controlled by big money. Can't you tell?
  
  We don't need Second Amendment guns to protect our democracy. We need campaign financing limits.

  
  
  we do need campaign finace reform, desperately, but, leave the 2nd amendment rights alone. you don't stop crime, by dis-arming law abiding citizens, and, the Founding Fathers themselves stated that "the people" should remain armed, and should retain the ability to void the federal government and reform if, IF said government becomes oppressive. i'm NOT supporting a revolution, just stating that those who did, said, quite clearly, that the option to revolt should always remain on the table. how could a dis-armed society leverage against a potentially oppressive government if that government is well armed?

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  Jul 23, 2012 6:28 PM GMT

  Hopefully, the meteor hits soon...

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  Jul 23, 2012 6:55 PM GMT

  
  The US will be so quick to push martial law on its citezens if we had the same mindset as the Icelandics when they overran their gov. They are actually encouraging us to give them the excuse to use it and arrest people left and right and label them as terrorist (and then probably draft them somewhere) This is a country that wants to take over the world, not Iceland.

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• GQjock
  
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  Jul 23, 2012 8:06 PM GMT

  Wait..... Like we were 'Sposed to Arrest Them?
  
  Geez I thought they needed to be bailed out and given tax breaks
  
  HEY REPUBLICANS .... YOU HEAR THIS????
  
  Hmmmmm ...

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  Jul 23, 2012 8:09 PM GMT

  mustangd said

  Caslon20000 saidCuz our govt is totally bought and controlled by big money. Can't you tell?
  
  We don't need Second Amendment guns to protect our democracy. We need campaign financing limits.

  
  
  we do need campaign finace reform, desperately, but, leave the 2nd amendment rights alone. you don't stop crime, by dis-arming law abiding citizens, and, the Founding Fathers themselves stated that "the people" should remain armed, and should retain the ability to void the federal government and reform if, IF said government becomes oppressive. i'm NOT supporting a revolution, just stating that those who did, said, quite clearly, that the option to revolt should always remain on the table. how could a dis-armed society leverage against a potentially oppressive government if that government is well armed?

  
  My intent was more to call attention to the threat to our democracy by corruption, rather than by force.

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  Jul 23, 2012 8:10 PM GMT

  You may have thought that America was a democracy, but with manipulation of information it really is a plutocracy. Canada is very much headed in the same direction, although the levers have to be more subtle for us to acquiesce.
  
  Much like Russia is an oligarchy of people that got on to the levers of power in the 1990's while things were chaotic, and is not a democracy either...

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  Jul 23, 2012 8:11 PM GMT

  GQjock saidWait..... Like we were 'Sposed to Arrest Them?
  
  Geez I thought they needed to be bailed out and given tax breaks
  
  HEY REPUBLICANS .... YOU HEAR THIS????
  
  Hmmmmm ...

  
  
  That is why they are called the Greed Over People.
  
  
  
  What a concept. To actually make the rich and powerful bankers go to prison for their crimes.
  
  Instead we give them presents full of cash.

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  Jul 23, 2012 8:16 PM GMT

  Guys, TARP and subsequent government stimulus avoided a global financial meltdown. I am in the middle of this every day. You have no idea how close we all came to disaster.
  
  You can always find examples of greed and stupidity. Those are easy to find, in hindsight, after a bubble. Fraud and illegality are a different story, however.
  
  Indiscriminate and retrospective criticism of the "bailout" is both ill-informed and ill-advised.
  
  Signed, a Democrat

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• metta
  
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  Jul 23, 2012 8:23 PM GMT

  Caslon20000 saidCuz our govt is totally bought and controlled by big money. Can't you tell?
  
  We don't need Second Amendment guns to protect our democracy. We need campaign financing limits.

  
  
  We need to eliminate ALL forms of donations to political campaigns including money from the politicians. This would reduce corruption in our government and also make it so that you don't have to be a multi-millionaire to get into office. It would make it a more level playing field for the ones that are running. It may even result in giving 3rd parties having a better chance. Politicians would not have to spend most of their time seeking funds for their campaigns. The money would not be enough to run very many commercials even at top level campaigns. They would have to primarily depend on grassroots works, the internet, and media. The government should offer a small amount to the people running and the people running would have to all run on a very tight budget. And they would not be allowed to use money from any other source. This would result in cleaner elections and a government that is more representative of the people. It would give more power to votes and much less to money.
  
  

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  Jul 23, 2012 8:28 PM GMT

  GQjock saidWait..... Like we were 'Sposed to Arrest Them?
  
  Geez I thought they needed to be bailed out and given tax breaks
  
  HEY REPUBLICANS .... YOU HEAR THIS????
  
  Hmmmmm ...

  
  
  How awesome of all those Democrats in Bizarro World to bravely stand up to vote against the auto/bank bailouts...
  
  Back in here reality, 172 House Democrats and 41 Senate Democrats voted to hand money to wall street bankers.

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  Jul 23, 2012 8:32 PM GMT

  GQjock saidWait..... Like we were 'Sposed to Arrest Them?
  
  Geez I thought they needed to be bailed out and given tax breaks
  
  HEY REPUBLICANS .... YOU HEAR THIS????
  
  Hmmmmm ...

  
  
  For Truth, Justice, and The Americ... oh fuck it... give all the money they want... those banks will be banks... wuah wauh!

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  Jul 23, 2012 8:34 PM GMT

  showme saidGuys, TARP and subsequent government stimulus avoided a global financial meltdown. I am in the middle of this every day. You have no idea how close we all came to disaster.
  
  You can always find examples of greed and stupidity. Those are easy to find, in hindsight, after a bubble. Fraud and illegality are a different story, however.
  
  Indiscriminate and retrospective criticism of the "bailout" is both ill-informed and ill-advised.
  
  Signed, a Democrat

  
  
  I agree with that. The bailout was necessary. Letting individuals off the hook was not. People should have gone to jail - a lot of people.

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  Jul 23, 2012 8:39 PM GMT

  Larkin said

  GQjock saidWait..... Like we were 'Sposed to Arrest Them?
  
  Geez I thought they needed to be bailed out and given tax breaks
  
  HEY REPUBLICANS .... YOU HEAR THIS????
  
  Hmmmmm ...

  
  
  How awesome of all those Democrats in Bizarro World to bravely stand up to vote against the auto/bank bailouts...
  
  Back in here reality, 172 House Democrats and 41 Senate Democrats voted to hand money to wall street bankers.

  
  
  Your boy, W did the bank bailout, don't push your BS here. Obama did the auto industry bail out, and guess what? It worked, they are making money again, they are successful, the loans have been paid back.. go to your log cabin meeting and tell them that!

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• GQjock
  
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  Jul 23, 2012 8:47 PM GMT

  Larkin said

  GQjock saidWait..... Like we were 'Sposed to Arrest Them?
  
  Geez I thought they needed to be bailed out and given tax breaks
  
  HEY REPUBLICANS .... YOU HEAR THIS????
  
  Hmmmmm ...

  
  
  How awesome of all those Democrats in Bizarro World to bravely stand up to vote against the auto/bank bailouts...
  
  Back in here reality, 172 House Democrats and 41 Senate Democrats voted to hand money to wall street bankers.

  
  
  Not that I am giving any democrat a break but Comon' Dude
  When you check the size of the Shovels?..... The republicans have a TopLoader when it comes to carryin' favors for the Financial sector and issuing Tax breaks for the people who made out like bandits during the downturn
  Oh ....did I say Bandits? Sorry wrong term ..... Felons .....then
  
  

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  Jul 23, 2012 8:50 PM GMT

  uoft23 said

  showme saidGuys, TARP and subsequent government stimulus avoided a global financial meltdown. I am in the middle of this every day. You have no idea how close we all came to disaster.
  
  You can always find examples of greed and stupidity. Those are easy to find, in hindsight, after a bubble. Fraud and illegality are a different story, however.
  
  Indiscriminate and retrospective criticism of the "bailout" is both ill-informed and ill-advised.
  
  Signed, a Democrat

  
  
  I agree with that. The bailout was necessary. Letting individuals off the hook was not. People should have gone to jail - a lot of people.

  
  
  If they violated the law - mostly, they didn't, though. It was a bubble. The result was horrible. That doesn't mean everyone involved should go to jail.

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  Jul 23, 2012 9:01 PM GMT

  showme said

  uoft23 said

  showme saidGuys, TARP and subsequent government stimulus avoided a global financial meltdown. I am in the middle of this every day. You have no idea how close we all came to disaster.
  
  You can always find examples of greed and stupidity. Those are easy to find, in hindsight, after a bubble. Fraud and illegality are a different story, however.
  
  Indiscriminate and retrospective criticism of the "bailout" is both ill-informed and ill-advised.
  
  Signed, a Democrat

  
  
  I agree with that. The bailout was necessary. Letting individuals off the hook was not. People should have gone to jail - a lot of people.

  
  
  If they violated the law - mostly, they didn't, though. It was a bubble. The result was horrible. That doesn't mean everyone involved should go to jail.

  
  
  There were people that were perhaps not breaking any specific law, but I have no doubt they could've been taken on some trumped up charge. Banks betting against their own mortgages and then selling investments they knew were bad to their own clients and so on.
  
  When the government has needed to with organized crime, they find charges. So many high level executives weren't given so much as a slap on the wrist and I find it really hard to believe something more couldn't have been done.

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