> > 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:[email protected]>[email protected]
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/ [email protected]/// _______________________________________________ Wikimedia UK mailing list [email protected] http://mail.wikimedia.org/mailman/listinfo/wikimediauk-l WMUK: http://uk.wikimedia.org
