Iceland is forgiving and erasing some of the mortgage debt of the population. They are putting the bankers and politicians on the "Bench of the Accused." Which means I assume they are putting them on trial for corruption.
Now the rest of people of the world need to start doing the same thing. We all need to stand up and against all the corruption and fraud of the banks and politicians that are puppets of the banks and corporations.
This move differs greatly from the approach taken by other European nations which is to tax the people and cut public services to ensure that interest payments continue to be made.