At 13:18 +0000 23/3/09, Thomas Dalton wrote: >2009/3/23 Gordon Joly <[email protected]>: >> At 22:31 +0000 22/3/09, Thomas Dalton wrote: >>>2009/3/22 Gordon Joly <[email protected]>: >>>> Also recall how local authorities got their fingers burned in Iceland... >>> >>>That wasn't due to risky investments, that was due to putting your >>>money in a bank that then went bust. Hardly their fault. >>> >>>_________________ >> >> >> Only in that they chased a better return offshore? > >Of course it was their responsibility. They made the decision to put >their money in those banks. That doesn't mean it was their fault the >money disappeared.
Sure. They could have gone with Madoff. It is important for a local authority or a registered charity to be prudent.... 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
