Iceland’s Economy now growing faster than the U.S. and EU after arresting corrupt bankers

[Savannahmann]

3. Our political class will never do it.

For one thing, they've all gotten sweetheart loans from the banks, which would implicate them should an investigation really get started. Corruption in this case crosses both aisles. Granted, when the politicos took the loans it didn't seem corrupt, it never does. Until the bankers called and said. "If you don't bail me out my books will be made public as part of the bankruptcy, and everyone will see you and how much favoritism you've gotten."

I'm sure there are a handful of good Democrats who didn't fall for it. But the rest were caught when they took the perk. You know, good parking spaces, private gyms, congressional junkets to find whatever facts exist in Paris over the Holidays. It was just one of the perks, until the hook was set.

So we won't follow in the wise footsteps of Iceland, because to many of our representatives are up to their necks in it.