Scottish Government minister: UK should have jailed the bankers like Iceland

And the US should follow Iceland’s league, but that will not happen because Congress and government are in bed with Wall Street banks.

Keith Brown MSP called for prison sentences for financial services crimes

MARKET RIGGING, FRAUD, AND IRRESPONSIBLE LENDING PRACTICES of bankers in the UK financial services sector should have led to imprisonment of those responsible, according to Keith Brown MSP a Scottish Government cabinet secretary.

Brown, considering the disparity of response between the £500bn banking bailout and lack of support for the ailing steel industry, said financiers had been responsible for “huge crimes” but hadn’t faced appropriate punishment from the legal system.

Speaking on BBC Question Time, broadcast from Edinburgh, Brown said: “Iceland jailed the bankers when they found they were corrupt. We should have done the same thing.”

Read on.

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