Letter: Viewpoint - Councils to Blame for Lost Cash

Daily PostOctober 24, 2008

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Summary


YOUR article (October 23) stated: "Westminster must fight the cause of Welsh councils hit by the recent collapse of Icelandic banks because the money was invested under Treasury rules and with Treasury encouragement, Plaid Cymru insisted yesterday."

The nine Welsh councils who invested so much of our money in woefully underfunded banks need to take their share of the blame.

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Letter: Viewpoint - Councils to Blame for Lost Cash

It was well known in financial circles se...

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