Bankers jailed, sued as Iceland seeks culprits for crisis May 12 01:44 PM US/Eastern

More than a year and a half after Iceland’s major banks failed, all but sinking the country’s economy, police have begun rounding up a number of top bankers while other former executives and owners face a two-billion-dollar lawsuit.

Since Iceland’s three largest banks — Kaupthing, Landsbanki and Glitnir — collapsed in late 2008, their former executives and owners have largely been living untroubled lives abroad. Maybe the US will be next? or will we just dole out more TARP funds for Banker’s bonuses?

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