Odious debts have odious debtors | 31 comments (31 topical, editorial, 0 hidden)

Re: Odious debts have odious debtors (none / 1)

Were the practice of legitimating debt repudiation by prosecution of those responsible for the assumption to become a recognized principle of international law it might seriously impede the ongoing, world wide fleecing of taxpayers.

Absolutely right. Which is why there is no chance that such a principle will be recognized.

Unfortunately, while Iceland has shown a willingness to throw the rascals out they have not, as yet, shown any stomach for throwing the rascals in jail.

There is no legal way to do this, as the rascals own and control the Icelandic government. To throw the rascals out would require the overthrow by force of the Icelandic government. Sadly, Iceland does not seem ready for this necessary step.

The Fates are kind.

by Gaianne on Wed Aug 19th, 2009 at 08:43:00 PM EST
[ Parent ]

Re: Odious debts have odious debtors (none / 0)

Didn't the Icelanders get themselves a new semi-commie government? They should be able to deal with guilty capitalist roaders.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Aug 20th, 2009 at 02:47:43 PM EST
[ Parent ]

The semi-commies, too, are in bed with (4.00 / 2)

the banks, as I understand it.

The Fates are kind.

by Gaianne on Thu Aug 20th, 2009 at 07:40:50 PM EST
[ Parent ]

Odious debts have odious debtors | 31 comments (31 topical, 0 editorial, 0 hidden)