"Unlike other Western economies, the Icelandic government let its three major banks - Kaupthing, Glitnir and Landsbankinn - fail and went after reckless bankers. Many senior executives have been jailed" - BBC
#Iceland

https://www.bbc.com/news/business-35485876

How did Iceland clean up its banks?

What can we learn from Iceland, where the economy is bouncing back after the financial crisis?

BBC News
@danwentzel The Icelandic banks that did not fail in the 2008 subprime mortgage crisis were run by women because they chose not to invest in something no one could properly explain. https://www.independent.co.uk/news/world/europe/a-nordic-revolution-the-heroines-of-reykjavik-7658212.html?amp
A Nordic revolution: The heroines of Reykjavik

Iceland was the first place to suffer the fallout from over-zealous (male) bankers. Now the country is back on its feet. Why? Because women took over.

The Independent
@dbattistella @danwentzel @greenaspen That’s because the Vikings took a lot of women from Scotland to found Iceland and Scots are canny with money - must be mitochondrial DNA in the mother-line
@dbattistella @danwentzel tell me more please-I’d like to read more about banks that were run by women and didn’t fail and the difference in approach but can’t find it in this article. Are you referencing another article? I tried and couldn’t find.
@dbattistella @danwentzel it's because women use that jelly matter between their ears: the brain. While men are driven by testosterone without any kind of thinking.
@dbattistella @danwentzel unfortunately the UK has not done well under female leadership, though in all fairness we haven't done well under most male leadership's either...😂