Almost 60% of Icelanders voted against a plan to pay the British and Dutch governments money owed for bailing out savers of the Landsbanki online savings arm in 2008
The Icelandic people do not believe the taxpayer should pay for the failure of a private institution.
Unfortunately, that’s precisely what is happening here in the US. The big banks continue to be bailed out by taxpayers via a complaint and captured federal government.