Posted 5 years ago on Nov. 7, 2011, 4:57 p.m. EST by MonetizingDiscontent
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Key Lesson From Iceland Crisis: “Let Banks Fail”
What Iceland Teaches Us: “Let Banks Fail”
Agence France-Presse notes:
http://news.yahoo.com/key-lesson-iceland-crisis-let-banks-fail-003849604.html "...Three years after Iceland’s banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and protect taxpayers, analysts say."