A step in the RIGHT DIRECTION

Iceland certainly had the right idea in pressing charges against Prime Minister Geir Haarde the Prime Minister of Iceland and CEOs of the banks of Iceland, after being charged with 6 separate charges the PM was convicted on one count of negligence and will more than likely not do the two years in Club Fed the charge comes with, but what do you expect, the first thing these sleaze bags do upon being elected is produce legislation giving themselves a free get out of jail card just in case they get caught in their malfeasance. At the very least Icelanders tried and that was the whole point, public officials should not be able to put themselves above the law and just because Geir Haarde will not be going to jail does not mean he should not be doing time for his gross negligence that literally destroyed his countries economy, and financially ruined many Icelandic families and lives. 

There are many people mostly Conservatives that are quite content that Certain individuals or Corporations can play fast and loose with the life savings, pensions, livelihoods and families homes, by literally stealing billions of dollars and enriching their friends and families but are quite simply above and beyond the reach of the law, because it is just business nothing personal. 

Even Adam Smith would say, after all a free market is not representative of a system where the working class pays for the mistakes of the ruling class, but instead one where the mistakes you make while participating in commerce are the ones you have to live with. 

This whole exercise to exact justice was not a waste of time and money it has revealed an obvious truth and already the State of Massachusetts Attorney General has laid 60 charges on 5 major banks and recovered multi-millions of dollars and saved thousands of homes from foreclosure. I can only hope this is a long overdue wave of the future with many other jurisdictions joining in the rush to punish the guilty instead of the innocent.

I believe all the crooks and con men that masquerade as politicians and corporate CEOs should pay dearly for their crimes and breaches of trust.

In fact, tell me why should a public servant that purposely bankrupts a Crown Corporation not be charged with a crime or how about a Premier that purposely subverts democracy being charged with breaking the public trust. that they swore to uphold upon taking office.

I would bet that if Adam Smith were to see what passes for free enterprise, capitalism and democracy over the last decade or two he would roll over in his grave. 

Jail or not I would bet that the next political leader or bank CEO who thinks to pull something like this will certainly think about it long and hard, especially if their free get out of jail cards are revoked.