Saturday, 13 April 2013

2009 Financial crisis: politicians

Geir Haarde, prime minister of Iceland 2006-2009 

Haarde is the only politician to have been found guilty by a court of helping to cause the crisis. Last yr an Icelandic court found Haarde guilty of failing to hold emergency cabinet meetings in the run up to the crisis. Haarde fell from power after the country's three biggest banks collapsed, the country's economy went into meltdown, and the government was forced to borrow $10bn (£6.3bn) to prop up its economy. 

During the trial, he said: "None of us realised at the time that there was something fishy within the banking system itself, as now appears to have been the case.

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