text: Iceland did this as part of their response to the bank failures of 2008. Instead of bailing their banks out they nationalized the banks and gave dividends directly to the people thus eliminating the middle men in the banking management, their expense, and risk taking with other people's money for personal profit. Of course, they believe all their citizens lives matter, as a nation we have never believed that. They have a level of honesty, justice, and morality that we have never achieved here. Many of us think they are helping God to punish the poor. Why they think He needs their help is beyond me.