Iceland: Where Bad Bankers Go to Jail
Kviabryggja Prison in western Iceland doesn’t need walls, razor wire, or guard towers to keep the convicts inside. Alone on a wind-swept cape, the old farmhouse is bound by the frigid North Atlantic on one side and fields of snow-covered lava rock on another. This is where the world’s only bank chiefs imprisoned in connection with the 2008 financial crisis are serving their sentences, Bloomberg Markets magazine reports in its forthcoming issue. Author of the article Edward Robinson joined Anna Edwards to discuss on “Countdown.” Edmund Shing from BNP Paribas also joined.
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