The U.S. Needs the Iceland Option

“It’s past time for the American people to wake up and demand an end to this outrage. We need to be more like Iceland: Prosecute the bankers!”

News for the Revolution

If ‘Too-Big-to-Fail’’ Means Too-Big-To-Jail’ It Should Mean ‘Too-Big-to-Be’

By Dave Lindorff
May 19, 2015
Counter Punch

Image from: paxonbothhouses.blogspot.ca

In a couple of days, the so-called US Justice Department will be announcing an “agreement” reached with five large banks, including two of the largest in the US — JP Morgan Chase and Citigroup, the holding companies for Chase and Citibank — under which these banks or bank holding companies will plead guilty to felonies involving the manipulation of international currency markets.

This is not really a plea deal, or what in the lingo of criminals is called “copping a plea.” It’s a negotiation in which the nation’s top law-enforcement organization — the one that just sentenced a teenager to death in Boston in the Marathon bombing case, and that routinely sends ordinary people “up the river” for minor drug offenses or even tax fraud — is taking seriously these banks’…

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