Pat Robertson: We Need To Jail The Bankers Who Caused The Financial Crisis

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The 700 Club‘s Pat Robertson discussed the banking crisis and glowingly spoke about how Iceland jailed many of the bankers who devastated their nation’s economy by taking out fraudulent loans. Robertson hailed the Nordic nation for its actions and said that Americans should deal with the financial crisis in the same way. “Guess what country is getting itself out of a financial problem by some draconian measures?” Robertson asked his co-host Terry Meeuwsen. “Greece?” she asked. “No, not even close. Iceland!” Robertson exclaimed. “They are putting people in jail. Prime ministers are being indicted. They are going after banks. The people said the banks are ripping us off. We don’t like what they did, and they brought our country to ruin. Suddenly, Iceland is turning around and they look like a big success story!”
“Think we could learn something?” Meeuwsen asked.
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“We sure could!” Roberson continued. “We could start putting all of those bankers in jail. There was not one banker prosecuted and so many people were lying, and so-called “no-doc loans” and liars’ loans, and none of them have been held accountable. I’m not for putting people in jail. I’m sick of these — we’ve got too many penalties. Too many penalties, too many criminal sanctions, too many people in prison. But here is an opportunity for the people who wanted, you know, to enforce laws, to enforce that one. There must be some laws against lying on documents. I’m sure there are.”
“Lying to banks is a super no-no,” he added. “It has criminal sanctions, but nobody so far has had to pay the price, but Iceland is leading the way and their GDP is growing, and all of a sudden, they were in a terrible mess, terrible mess, and look what is happening!”
Watch the segment below via CBN:
(h/t Republic Report via Reddit)
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NORDIC INVESTMENT BANK: Henrik Normann appointed new President of NIB

The Board of Directors of the Nordic Investment Bank (NIB) has appointed Henrik
Normann (Denmark) President and Chief Executive Officer of the Bank. Mr Normann
will take up his appointment on 1 April 2012. He will succeed Mr Johnny Åkerholm
(Finland), who has been President and CEO of NIB since April 2005.
Mr Normann is currently working as a Managing Director of Danske Markets, the
investment banking arm of the Danske Bank Group. He has held various management
positions within the Danske Bank. He has been a member of the Executive
Committee since 2001.
“Mr Normann has extensive experience in the field of banking in Northern Europe.
With his knowledge and skills in the financial field, NIB will be well-equipped
to fulfil its mandate of supporting competitiveness and enhancing the
environment in the Baltic Sea region, ” says Mr Jesper Olesen, Chairman of the
Board of Directors.
The President is appointed by the Board of Directors for a term of five years at
a time.
The Nordic Investment Bank (NIB) is the common international financial
institution of the eight Nordic and Baltic countries. NIB provides long-term
financing to the energy, environmental, transport, logistics and communications,
and innovation sectors for projects that strengthen competitiveness and enhance
the environment. NIB has the highest possible credit rating, AAA/Aaa, with the
leading rating agencies Standard & Poor´s and Moody´s.
For further information, please contact
Jesper Olesen, Chairman of the Board of Directors, at +45 3392 4161, jol@evm.dk
Henrik Normann, NIB President & CEO as of 1 April 2012, at +45 40 54 77 00,
 henrik.normann@danskebank.dk
Jukka Ahonen, Director, Head of Communications, at +358 10 618 0295,
jukka.ahonen@nib.int
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1577709]
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