Iceland To Pay Citizens For Bank Sale After Jailing Bankers

After bailing out the country's banks, the Icelandic people may be seeing some of that money back in their pockets.

Speaking to attendees of the national convention of the Independence Party, of which Bjarni is the chairperson, Kjarninn reports that he submitted the idea that 5% of Íslandsbanki’s shares be distributed to each and every Icelander. As the value of the bank is currently placed at 187 billion ISK, 5% would come out to about 9.3 billion ISK, or just under 30,000 ISK for each Icelander.

“I am saying that the government take some decided portion, 5%, and simply hand it over to the people of this country,” he told attendees.

This action differs sharply with the actions of the U.S. government, as pointed out by Activist Post:

Iceland recently jailed its 26th banker — with 74 years of prison time among them — for causing the financial chaos. Meanwhile, US banking criminals were rewarded for their fraud and market manipulation with an enormous bailout at the taxpayers' expense.

Sources:, Activist Post





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