Geir Haard (who in 2012 became the first politician to face court charges for negligence in contributing to the 2008 global financial crisis) led what country?
Financial crisis of 2007–2008 led to excessive lending to risky governments (see European sovereign-debt crisis) and the ECB pursues even more lending as the solution. At least two major reports were produced by Congress: the Financial Crisis Inquiry Commission report, released January 2011, and a report by the United States Senate Homeland Security Permanent Subcommittee on Investigations entitled (released April 2011). In Iceland in April 2012, the special Landsdómur court convicted former Prime Minister Geir Haarde of mishandling the 2008–2012 Icelandic financial crisis. As of September 2011, no individuals in the UK have been prosecuted for misdeeds during the financial meltdown of 2008. As
Global financial crisis in October 2008 Financial as the result of a court settlement. Global financial crisis in October 2008 The policy response to the subprime crisis started in earnest after Lehman’s failure in mid September 2008, accelerated after February 2009, and had become very large by September 2009. Governments have relied on a portfolio of intervention tools, but the biggest commitments and outlays have been in the form of debt and asset guarantees, while purchases of bad assets have been very limited. Announcements directed at the banking system as a whole (general) and at specific banks (specific) were priced by the markets. General announcements tend