Special Prosecutor of Iceland Bank Crash: “The Idea Most People Have of Banking Has No Basis In Reality”

May 28th, 200911:07 pm @

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Special Prosecutor of Iceland Bank Crash: “The Idea Most People Have of Banking Has No Basis In Reality”

olafur-thor-haukssonÓlafur Þór Hauksson may be the most important person in Iceland today. Toiling day after day with his growing team of investigators, Hauksson is responsible for investigating and prosecuting the events that led up to the spectacular collapse of Iceland’s banking sector in 2008. The restoration of the financial world’s confidence in Iceland’s banking system may very well depend on the success of his work.

Few would have singled Hauksson out for such a position one year ago. He was serving as the district commissioner in the rural Akranes district, far from the tumult and the shouting in Reykjavik, where the country was enjoying the highest standard of living on the planet. He had never worked in the private sector, never investigated a complex financial crime, never hobnobbed with Iceland’s elite.

From the Huffington Post 

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