Iceland's special prosecutor has taken Larus Welding, the former head of the failed Glitnir Bank, into custody, Reuters reports.
Glitnir Bank was the first of the top three Icelandic commercial banks to fail in 2008.
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This country would be in a better place if we'd have done that two years ago.
2 comments:
Coulda stopped the depression cold if they'd started busting 'em when the word started coming out 5 years ago. Din't.
If only. Iceland was smart enough to let their banks fail and bail out the people.
Maybe if we fed our politicians on Hákarl...
http://en.wikipedia.org/wiki/H%C3%A1karl
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