>
>  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 
>
>
>
>
>--
>Michael Bimmler
><mailto:mbimm...@gmail.com>mbimm...@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/
gordon.j...@pobox.com///

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