• The post you are reporting:
   
  GaryC - what you are saying then is that you would rather ignore the facts and any assesment of 'reasonableness' to feed your personal prejudices. I see.
  
  What you perhaps should be aware of is just how much money the KCC Treasury Dept actualy make in profit by good investing of the money, taking into account any losses.
  
  There is no such thing as 'no risk' when investing, there are only different risks and you control those risks by diversification. That is what KCC did, diversify to a range of institutions and assets to limit risk and maximise returns within a pre-determined risk criteria. If they had acted incorrectly outside acceptable risks then they would have been censored by the Audit Commission. The credit rating given to the Icelandic banks in September 2008 was a good 'A' rating. By no means considered risky.

Report Post

Your Name

Reason