I know for a fact that Swiss law does not have a "charity may not
take significant business risks" provisions, therefore I maintain
that this is not a usual practice here.
But this is really not so important, after all we want to look at
how things are done in the UK.
Michael
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Michael Bimmler
<mailto:mbimmler@gmail.com>mbimmler@gmail.com
Take a look at housing associations, many of whom are registered
charities (or Industrial and Provident Societies) and who have been
involved in swapping toxic assets.
http://www.insidehousing.co.uk/story.aspx?storycode=6503040
Also recall how local authorities got their fingers burned in Iceland...
Gordo
--
"Think Feynman"/////////
http://pobox.com/~gordo/
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