Iceland's President: Let Irresponsible Banks Go Bankrupt

Sure would be nice if the Obama administration was paying attention: Iceland President Olafur Ragnar Grimsson tells Al Jazeera's Stephen Cole that Europe should let banks that are ran "irresponsibly" go bankrupt. Speaking at the annual World
By Susie Madrak — January 26, 2013

[oldembed src="https://www.youtube.com/embed/CTljJA_0Y6Y" width="435" height="245" resize="1" fid="21"]

Sure would be nice if the Obama administration was paying attention:

Iceland President Olafur Ragnar Grimsson tells Al Jazeera's Stephen Cole that Europe should let banks that are ran "irresponsibly" go bankrupt. Speaking at the annual World Economic Forum in Davos, Grimsson also held his country as a model of economic recovery after its near-collapse four years ago. "We didn't follow the traditional prevailing orthodoxies. And the end result four years later is that Iceland is enjoying progress and recovery."

Become a subscriber:
 
Make a donation:

If you don't mind the ads and would rather donate, please select one of the options below:

Kindest
Donate via PayPal
Via Snail Mail
payable to: Crooksandliars
528 Palisades Drive
Ste 548
Pacific Palisades, CA 90272

Explore more

Discussion

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.
Mastodon