So Iceland didnt follow the rest of the world by bailing out bankers they arrested them. Now their economy is recovering faster than the EU and the United States.
Remember when the United States government told the American people that action was required to save the banks? Action in the form of Billions of dollars in debt? Yeah we remember that. Hundreds of Billions of dollars in National debt later were still chasing our tail trying to get out of debt.
At the time of the 2008 collapse Iceland was in worse shape than almost any other country in the world. Hmmmmm..
Imaging what America would be like today if we bailed out the victims of poor banking practices, and punished the bankers who were responsible instead of bailing them out.
After watching this video tell us what you think? Is Iceland off their rocker, or on to something that America should have done as well.