In the news (From BBC News): “Former Icelandic Prime Minister Geir Haarde has appeared at a special court on charges of ‘failures of ministerial responsibility’ in his handling of the 2008 financial crisis.
“The country’s three main banks collapsed amid economic turmoil.
“Mr Haarde has called the case a ‘farce’ and says he wants it to be thrown out.
“Mr Haarde, who pleaded not guilty, said as he left the courthouse: ‘My conscience is clear….’
“Public opinion is divided, with some people seeing the trial of Mr Haarde as scapegoating, and others arguing that public accountability is essential following the country’s financial collapse.”
My Comment: All the economists and banks behaved in this way and continue to do so today because they cannot function differently even if they were honest in everything and put politics and personal interests aside. They do not know how to act in the world of new integral economic relationships that are becoming increasingly binding.