Pic: How Iceland recovered from the recession

[geardaddy]

[raouldukelives]

1. K&R Comfort the afflicted and afflict the comfortable. nt

[Martin Eden]

5. WWJD?

Sadly, RW "Christians" in the US do the opposite of Jesus.

[DhhD]

2. Austerity-The rise of the Elite; Royalists as FDR called them.

[WillyT]

3. HUGE K & R !!! - THANK YOU !!!

[daleanime]

4. K&R.....

[Bucky]

6. Icelanders are getting soft... here's proof!

http://www.telegraph.co.uk/news/worldnews/europe/iceland/11635123/Iceland-abolishes-law-which-orders-Basques-to-be-killed-on-sight.html

[font size="4"]Iceland abolishes law which orders Basques to be killed on sight[/font]
Iceland has repealed a 400-year-old law which said Spaniards from the Basque Country should be killed as soon as they set foot in the Westfjords region

Icelandic authorities in the Westfjords region have repealed a law which orders the murder of any visitor from the Basque region.
The law, which applies only in Westfjords – a northern peninsula jutting out into the sea, and the most remote part of Iceland – dates back to 1615.

I expect Iceland to be run over by Basque shepherds any day now... Oh, my!!

[Blanks]

8. Nothing good can come of that.

[geardaddy]

9. Those damn Basques are always getting in the way of Spanish progress

to Spainify the entire country. Them and the Catalans.

[IronLionZion]

11. When's the last time this law has been enforced?

because that would sure be an unpleasant surprise to any Basque who decided to visit

[rpannier]

18. sounds like they're caving into Basque-amist extremists

Soon their centuries old Westfjords culture will be no more

[SoapBox]

7. Oh ya!

I so want to see Jamie Dimon in chains!

[nikto]

27. yep, and Lloyd Blankfein too

[peecoolyour]

10. Yeah, but we went after Switzerland-based FIFA.

Too bad Wall Street is out of the DOJ's jurisdiction.

[DrBulldog]

13. And since Chelsea Clinton is married to a hedge-fund manager . . .

... Wall Street is out of Hillary's jurisdiction as well. BUT NOT SO FOR BERNIE SANDERS!

[nikto]

25. "Too bad Wall Street is out of the DOJ's jurisdiction."

That was so funny (and true) I had to cry.

[DrBulldog]

12. It won't matter . . .

. . . because too many Americans refuse to learn from ANYONE.

[cstanleytech]

14. It wasnt that they imprisoned them it was that they were held accountable.

Sadly most of the rest of the world refused to hold the bankers accountable and even recently the DOJ let them buy their way out of going to jail with a measly fine that was a drop in the bucket to how much money they made with their illegal actions.

[hifiguy]

15. See how EASY it is

when you can think straight and aren't as crooked as a dog's hind leg.

Bravo Iceland!!

[Rosa Luxemburg]

16. We need someone here in the USA to do the same

Obama should have gone after them

[nikto]

26. You don't go after your "Daddy"

That's why he didn't.

[Recursion]

23. Except this is a complete oversimplification of what happened, and ignores the fact

that the Green/Left coalition government that did it just had its asses handed to it in elections. And that Iceland's home repossession rate is higher than the US's.

[nikto]

28. Links, please

Thanks in advance.

[Recursion]

29. Bhikuku posted the best summary downthread, from the Guardian

http://www.theguardian.com/world/2013/oct/06/iceland-financial-recovery-banking-collapse

It's a massively more complicated situation than a simple meme makes it appear. Another good starting point is NPR's "Planet Money" report on it:

http://www.npr.org/sections/money/2014/12/05/368723679/episode-587-jubilee

[nikto]

32. It's so damn hard to get out from under the corrupt international banking system

Looks like the big international bank$ter$ have got everybody by the balls.

[niyad]

17. k and r for the obvious!

[Autumn]

19. It would be nice to get some of that here

[aspirant]

20. How do we bottle this

and donate it to the masses?

[bhikkhu]

21. Definitely a success story, but a complicated one

http://www.theguardian.com/world/2013/oct/06/iceland-financial-recovery-banking-collapse

gives a good overview. I quick read would show that the solutions found would be difficult (or impossible) to replicate here, though perhaps if the motives were followed we might have been able to do better. I think our politics have been a bit on the poisonous side, and what we got was what we voted for more or less (looking at congress especially).

[Recursion]

22. Iceland's President is a figurehead; the Green-Left coalition just suffered the largest loss

in Icelandic electoral history in 2013 after they did what this meme says.

[nikto]

30. Sounds like the Conservatives have unified and are striking back

Iceland's Finance Minister asks business to help raise wages.
Sound familiar?

http://icelandreview.com/news/2015/05/11/finance-minister-employers-must-do-part-increase-wages

IMO, it looks like they've got the same Left vs right dynamic going on there as we do here.

Those folks in the street are probably Iceland's equivalent to T-baggers.

If Bernie Sanders ever got elected and we raised taxes on the rich, you'd see the same
demonstrations in the streets organized here, and pushed by FoxNooz.

[Joe the Revelator]

24. Seems like common sense. We (D) got this one wrong when it mattered. nt

[woo me with science]

31. K&R