Iceland arrests failed bank CEO and top trader; America arrests those who protest bank CEOs, traders

So it’s actually possible to do things like this? And not keep sucking up to the 1% who ruined the economy? Go figure.

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.

Former director of market trade Jóhannes Baldursson and former broker Ingi Rafn Júlíusson were also taken into custody and between ten and twenty other former employees of Glitnir Bank were also investigated.

In America, we only go after the people who peacefully protest bankers and traders.

NOTE FROM JOHN: Of course, in the states the banks retaliate, by stopping lending, when you try to take on their corruption. Which, in my book, means you triple the number of indictments. Not a very good indicator of innocence, that taking of hostages.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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