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Didn't Iceland jail their banking crisis people? That seems different.
The Icelandic financial system was fucked up to a totally different level than RBS / Lehman / Bear though. The guys that went to prison were convicted of embezzlement / fraud / market manipulation not selling dodgy mortgage products. Similar to the Anglo Irish "golden circle" where the CEO was jailed.
Not sure a system that allows its banks to get so out of control can be celebrated.
If it were simple some country somewhere would have achieved it!