Iceland Imprisoned Its Bankers And Let Banks Go Bust: What Happened Next In 3 Charts

But apart from the economics... Iceland also allowed bankers to be prosecuted as criminals – in contrast to the US and Europe, where banks were fined, but chief executives escaped punishment. The chief executive, chairman, Luxembourg ceo and second largest shareholder of Kaupthing, an Icelandic bank that collapsed, were sentenced in February to between four and five years in prison for market manipulation.

"Why should we have a part of our society that is not being policed or without responsibility?" said special prosecutor Olafur Hauksson at the time. "It is dangerous that someone is too big to investigate - it gives a sense there is a safe haven."

http://www.zerohedge.com/news/2015-06-11/iceland-imprisoned-its-bankers-and-let-banks-go-bust-what-happened-next-3-charts