The BBC is suggesting that once again it is UK Local Authorities who will lose most in the Landbanski crash - once again wisely chasing that extra 1% overseas and instead losing the effing lot.
Anyone know which Local Authorities have wisely invested our money where there is no protection?
Now we know why Darling is guaranteeing 100% of depositors funds:-) Derek.
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South East News has just reported that Kent County Council had 50 million invested with ICE. Strangely they say that they will not lose anything and that they abided by all the rules on investing their capital. Derek.
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