2009/3/26 Gordon Joly <gordon.j...@pobox.com>:
> At 15:52 +0000 23/3/09, Thomas Dalton wrote:
>>2009/3/23 Gordon Joly <gordon.j...@pobox.com>:
>>>  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!

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