Posted in: Awesome Videos to Watch Now, News Videos & TV, Politics and Video On Demand by Jaime McDougall on June 17, 2012

Cenk Uygur from The Young Turks get passionate about what Iceland did after the global financial crisis and why the United States should have done something similar…

“For all the fearmongering we hear out of our politicians on the right about how heaven forbid we’re going to turn into Greece, the one country you never hear them talk about any more is Iceland.

“The reason they don’t is, as Cenk Uygur explained on his show this Tuesday, they took a different path than the United States after their financial crisis and nationalized the banks…

“[They] threw some the people responsible for the crash in jail and bailed out the homeowners instead of worrying about only bailing out the banks. And now they’re coming back and their economy is growing again…”.


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