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Keith, you ought to understand that any kind of investment, be it from a bank, a group, an individual or a pension fund, or any fund, has to be an investment in assets.
An asset can be anything from a vegetable garden to a gas field to a heap of toxic papers.
Cypriot banks chose toxic assets, which is why they went the way of numerous other banks before them.
You shouldn't ridicule sane thinking, Keith.
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