Wednesday, May 12, 2010

Iceland's New Prison Inmates

Well. This will be fun to watch.

More than a year and a half after Iceland's major banks failed, all but sinking the country's economy, police have begun rounding up a number of top bankers...

And perhaps the "Big Four" will be slimming down soon, too.

The bank also said it was "taking action against its former auditors PricewaterhouseCoopers (PwC) for facilitating and helping to conceal the fraudulent transactions engineered by Johannesson and his associates, which ultimately led to the bank's collapse in October 2008."

At least in Iceland they KNOW what to do with banksters.

(AP story)

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