tag:blogger.com,1999:blog-7049208109612299827.post3019728058382263658..comments2023-12-06T23:58:59.189+00:00Comments on ffranc sais: The only AAA rated blog west of the Tennant CanalFrank Littlehttp://www.blogger.com/profile/12447989626809704972noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7049208109612299827.post-63869747642184887382008-10-09T17:33:00.000+01:002008-10-09T17:33:00.000+01:00Neath Port Talbot turns out to have been the most ...Neath Port Talbot turns out to have been the most indebted of all, according to this afternoon's news. £8m of our balances was deposited direct with Iceland banks, and £12m with a British subsidiary.Frank Littlehttps://www.blogger.com/profile/12447989626809704972noreply@blogger.comtag:blogger.com,1999:blog-7049208109612299827.post-43950488008000058862008-10-09T14:33:00.000+01:002008-10-09T14:33:00.000+01:00To be fair, local authorities have been compelled ...To be fair, local authorities have been compelled to spread their investments since Western Isles council burnt their fingers with <A HREF="http://findarticles.com/p/articles/mi_qn4156/is_20010708/ai_n13960515/pg_1?tag=artBody;col1" REL="nofollow">BCCI</A>. However, I understand that one English authority thought that spreading over three Icelandic banks contributed to diversity. :-(<BR/><BR/><I>why wasn't this money withdrawn from this bank by these local authorities?</I><BR/>In some cases, because it was in the form of fixed two (or more) year bonds.Frank Littlehttps://www.blogger.com/profile/12447989626809704972noreply@blogger.comtag:blogger.com,1999:blog-7049208109612299827.post-25899483642118731512008-10-09T12:31:00.000+01:002008-10-09T12:31:00.000+01:00What are our local authorities doing putting money...What are our local authorities doing putting money in an "off shore" account. <BR/><BR/>Why wasn't this money looked after better by the local authorities concerned? <BR/><BR/>Will anyone be held to account?<BR/><BR/>With the warnings given, why wasn't this money withdrawn from this bank by these local authorities?<BR/><BR/>Questions, questions, lets have some answersAnonymousnoreply@blogger.com