Jailed Iceland Bankers Say They Were 'Scapegoated'

The video explores Iceland's unique response to the financial crisis by imprisoning bankers, a move that was popular among the public. It discusses the fairness of this action, the public's need to assign blame, and the role of politicians. The video also covers Iceland's economic transition from banking to tourism and the lingering concerns about future banking crises. The Icelandic legacy emphasizes that risk-takers should accept blame and face harsh punishment when things go wrong.

What unique action did Iceland take in response to the financial crisis?

How did the public sentiment in Iceland influence the prosecution of bankers?

What was the impact of the credit crunch on Iceland's economy?

What does the Prime Minister of Iceland fear regarding future banking crises?

What is the Icelandic legacy regarding risk and accountability?