Iceland Jails Its Bankers

Witness History

BBC

History, Personal Journals, Society & Culture

4.4 • 1.6K Ratings

🗓️ 11 February 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The 2008 global economic crisis hit hard in Iceland. Its three major banks and stockmarket collapsed and it was forced to seek an emergency bail-out from the IMF. But unlike many other countries affected by the global downturn, Iceland decided to prosecute its leading bankers. Around forty top executives were jailed. Mike Lanchin has been hearing from Special Prosecutor, Olafur Hauksson, who led the investigations.

(Photo: Protesters on the streets of Reykjavik demand answers from the government and the banks about the country's financial crisis, Nov. 2008. (Halldor Kolbeins/AFP/Getty Images)

Transcript

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0:00.0	Choosing what to watch night after night the flicking through the endless
0:06.8	searching is a nightmare we want to help you on our brand new podcast off the
0:11.8	telly we share what we've been watching
0:14.0	Cladie Aide.
0:16.0	Load to games, loads of fun, loads of screaming.
0:19.0	Lovely. Off the telly with me Joanna Paige.
0:21.0	And me, Natalie Cassidy, so your evenings can be a little less
0:24.9	searching and a lot more watching listen on BBC sounds. Choosing what to
0:32.1	watch night after night the flicking through the endless
0:36.5	searching is a nightmare we want to help you on our brand new podcast off the
0:41.5	telly we share what we've been watching.
0:43.7	Cladie Aide!
0:45.7	Loads of games, loads of fun, loads of screaming.
0:48.2	Lovely.
0:49.0	Off the telly with me Joanna Paige.
0:51.2	And me, Natalie Cassidy, so your evenings can be a little less
0:54.7	searching and a lot more watching listen on BBC sounds. This is the Witness History Podcast from the BBC World Service with me Mike Lanchin.
1:10.0	Today how Iceland jailed some of its top bankers in the aftermath of the global
1:16.0	financial crisis of 2008. Tonight to 10 stock markets are sent into free fall
1:22.3	by the latest fears about the financial system.
1:26.0	Today as the financial sickness spreads through Europe the German government announces a
1:31.1	rescue package for one of its biggest banks.
	...

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