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Americans should follow the Icelanders regarding the bailout

April 26, 2011

Voters in Iceland infuriated bankers and European governments yet again by rejecting for a second time a proposal to force taxpayers to cover the massive debts of private Icelandic banks that failed during the economic crisis. But the battle is not over yet. After the polls closed over the weekend, the final tally showed that about 60 percent of the electorate voted against the scheme. And that was despite a lengthy international intimidation campaign waged against the North Atlantic nation of 320,000 people.

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