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Iceland Reaches Deal to Recapitalize Failed Banks

Jul. 20, 2009
Iceland on Monday took a major step toward rebuilding its tattered finances, announcing a deal to recapitalize three failed banks and give control of them to creditors.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch