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    It is utter nonsense.

    Remember - the investment was made into a one-year fixed rate product 11 months before the bank went belly up.

    The bank had a good A rating from the rating agencies even in the month before they went bust.

    Even the Audit Commission who police the way money gets invested by Council's had cash with Icelandic Banks.

    Many IFAs also placed money in those banks in the September before the October crash due to the ratings.

    DDC did not do anything wrong or improper over this and so there is no charge to answer for.

    It is only ignorance that says otherwise.

    Remember as well that the crunch was a 'once in 100 years event'.

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