North Korea Shows America How to Hold Financial Screw-ups Accountable


You know what makes people angry? That none of those Wall Street CEOs whose corporations devastated our economy were ever punished. None of the people in the SEC who somehow failed to notice that Bernie Madoff was running a Ponzi scheme were held responsible. And that doesn't seem fair. When people are wronged, they want vengeance! They want accountability! On the other end of the spectrum, you have North Korea. North Korea holds people accountable:

A former top finance official in North Korea was executed over a currency reform that caused a number of problems in the secretive Communist nation, according to South Korea's official Yonhap news agency.

Pak Nam-gi was executed last week at a shooting range in Pyongyang, Yonhap reported Thursday, citing multiple sources. He was held responsible for "the country's currency reform fiasco that has caused massive inflation, worsened food shortages and dented leader Kim Jong Il's efforts to transfer power to a son," the news agency said.

Maybe a little too accountable. There's a healthy middle ground for these things.

Report: N. Korea executes official over currency reform [CNN]