At 15:52 +0000 23/3/09, Thomas Dalton wrote:
2009/3/23 Gordon Joly
<gordon.joly(a)pobox.com>om>:
It is important for a local authority or a
registered charity to
be prudent....
The regulators said there was nothing wrong with the Icelandic banks -
I think going with what the regulators say is sufficient to satisfy
the duty of care. Anyway, this is massively off-topic!
Yes, massively off topic....
http://news.bbc.co.uk/1/hi/uk_politics/7963986.stm
"Seven English councils have been accused of "negligence" for putting
money into Icelandic banks days before they went bust last October."
Indeed - putting money in after the credit ratings were reduced was
rather foolish, I hadn't realised they had done that!