Quote:
Originally Posted by Oldsarge
Who'd ever have thought that a bunch of sober, Lutheran Icelanders would fall for the 'derivative' game? I'll bet there are some financiers up that we running around in sunglasses with their collars turned up hoping to get out of the country.
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I expect they already took the money and ran -- like that boss at Leighman Bros. (denied to the congressional committee taking $500m out of the company shortly before the collapse but admitted taking $60m salary & $250m bonus - nice work if you can get it). Apparently the British Govt. actively encouraged and required our Councils (inc. mine & Dorset included), & the police forces*, to put money into them. Seems like everybody has a stash of millions in Iceland, except the highly over-taxed taxpayers (like "Joe the Plumber"!
). Wonder who was accepting the kick backs for that advice? One council representative said they were just following the advice of
John Prescott
-- he wouldn't be my first choice of financial advisor if I were about to invest millions of pounds.
*Fortunately our prisons are already full, so they might as well cut back on police.
October 13th, 2008
