Iceland: Where Bad Bankers Go to Jail

The video discusses Iceland's unique response to the 2008 financial crisis, where senior bankers were jailed due to public pressure and the personal impact of the crisis on Icelanders. It contrasts this with the U.S. approach of civil suits. The video also explores the challenges faced by the banking sector due to regulation and economic conditions. Additionally, it highlights how some incarcerated bankers are teaching mathematics and economics to fellow inmates.

What were the primary reasons for the political pressure in Iceland during the financial crisis?

How did the financial crisis impact the purchasing power of Icelanders?

What actions were taken against senior bankers in Iceland following the financial crisis?

In what ways did the approach to prosecuting financial elites in Iceland differ from that in the United States?

What challenges do banks face in the current economic environment according to the discussion?