Iceland watch: why aren't other countries jailing bankers?

"We were wise enough not to follow the traditional prevailing orthodoxies of the Western financial world in the last 30 years. We introduced currency controls, we let the banks fail, we provided support for the people and didn't introduce austerity measures like you're seeing in Europe." --Ólafur Ragnar Grímsson, President of Iceland (emphasis mine)

"In the US, not a single banking executive was charged with crimes related to the 2008 financial crisis." --Bill Still