At 22:31 +0000 22/3/09, Thomas Dalton wrote:
2009/3/22 Gordon Joly
<gordon.joly(a)pobox.com>om>:
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.