Iceland jails crooked Banksters, Sells-off Banks, doles out kr 30,000 to each citizen w/ proceeds.

[muriel_volestrangler]

94. You all realise that's the *conservative* solution, don't you?

Two radically different visions emerge of the future of the Icelandic banking system

The question of what to do with the states stake in Landsbankinn, Íslandsbanki and Arion has is quickly becoming one of the most hotly debated political questions of the day in Iceland.

A social bank rather than breadcrumbs

The National congress of the Left-Green alliance called for Landsbankinn to be turned into a non-profit “social bank”, which would be operated in the interest of society as a whole, rather than shareholders. Katrín Jakobsdóttir, who was re-elected as the chairman of the Left-Green Alliance told the Icelandic National Broadcasting Service RÚV that the question was whether society would enjoy the entire benefits created by the bank, “or just the breadcrumbs, falling off the table.”

A consensus around privatization

Meanwhile, the chairman of the conservative Independence party outlined a plan to privatize the banks. Bjarni Benediktsson, who was also re-elected as party chairman at his party’s national congress, proposed that the state distribute 5% of the shares in all three banks among all citizens. RÚV estimates that this would transfer assets worth 29.65 billion ISK (230 million USD/210 million EUR) from the state to the citizens, meaning every Icelander would receive shares worth 90,000 ISK (700 USD/640 EUR).

Bjarni argued that this plan was “not intended to dramatically improve the economy” of Icelandic homes, but to “create a broader consensus around changes in the ownership structure and ensure the goal of broad-based ownership.”

http://icelandmag.visir.is/article/two-radically-different-visions-emerge-future-icelandic-banking-system