How about you actually look into Iceland’s outsize role in creating the crisis before you love them too much. And in Iceland’s case the banks were too big not to fail. They couldn’t have saved them regardless. The banking sector was bloated way beyond their capacity to do anything about. And then when they let them fail, foreign retail depositors were among those they screwed. And having stood by and profited while all that happened, now Iceland tries to come off all holier than thou because they scapegoat a few bankers. The whole country should go to jail.
