It's probably worth noting that the government which went out of their way to guarantee all deposits in Icelandic banks, even of non Icelandic citizen. When things went wrong, they then went back of that promise, paid deposits to their citizen and ignored the others all (?) resigned and many members up to and including the Prime Minster[1] were charged and convicted of offenses relating to their behavior before and during the crisis.

[1] https://en.wikipedia.org/wiki/Geir_Haarde