Cat Protection league loses all its money
Discussion
http://www.timesonline.co.uk/tol/news/uk/article49...
The Times said:
Cats Protection has emerged as the latest and biggest charity victim of the Icelandic banking crisis with £11.2 million of deposits in Kaupthing Singer and Friedlander now at risk.
A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
“Cats Protection believes there is a case to be made to the Treasury that its particular deposits are public money that has been donated for us to help cats and provide benefits to the public. The charity feels strongly that public deposits should be safeguarded."
Cats Protection has emerged as the latest and biggest charity victim of the Icelandic banking crisis with £11.2 million of deposits in Kaupthing Singer and Friedlander now at risk.
A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
Stupid idiots.A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
“Cats Protection believes there is a case to be made to the Treasury that its particular deposits are public money that has been donated for us to help cats and provide benefits to the public. The charity feels strongly that public deposits should be safeguarded."
Cats Protection has emerged as the latest and biggest charity victim of the Icelandic banking crisis with £11.2 million of deposits in Kaupthing Singer and Friedlander now at risk.
A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
Edited by Vesuvius 996 on Friday 10th October 17:24
Vesuvius 996 said:
http://www.timesonline.co.uk/tol/news/uk/article49...
Well said. That'll learn emThe Times said:
Cats Protection has emerged as the latest and biggest charity victim of the Icelandic banking crisis with £11.2 million of deposits in Kaupthing Singer and Friedlander now at risk.
A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
“Cats Protection believes there is a case to be made to the Treasury that its particular deposits are public money that has been donated for us to help cats and provide benefits to the public. The charity feels strongly that public deposits should be safeguarded."
Cats Protection has emerged as the latest and biggest charity victim of the Icelandic banking crisis with £11.2 million of deposits in Kaupthing Singer and Friedlander now at risk.
A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
Stupid idiots.A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
“Cats Protection believes there is a case to be made to the Treasury that its particular deposits are public money that has been donated for us to help cats and provide benefits to the public. The charity feels strongly that public deposits should be safeguarded."
Cats Protection has emerged as the latest and biggest charity victim of the Icelandic banking crisis with £11.2 million of deposits in Kaupthing Singer and Friedlander now at risk.
A spokeswoman for the charity said plans for a series of new adoption centres for abandoned and unwanted cats could now be in jeopardy, although day-to-day operations at the charity would not be affected.
"The only areas of Cats Protection’s work that may be affected will be those plans around future new facilities," she said.
there will be no end of this. Bloke on radio this morning from children's hospice. They had put 10 million or so into Iceland banks. He said if they can bail out banks and fat cats they can bail out the children's hospice.
Don't trustees understand what 'trustee' entails??
Is it too difficult to manage large sums of savings by spreading it around a bit?
Don't trustees understand what 'trustee' entails??
Is it too difficult to manage large sums of savings by spreading it around a bit?
t about it.Jez200 said:
Vesuvius 996 said:
Stupid idiots.
Can i ask why?Edited by Vesuvius 996 on Friday 10th October 17:24
Charity
Other People's Money
For doing nice stuff
Lots of eggs
One Basket
(thanks littlegreenfairy)
People in charge of finance should watch what is happening
They got greedy and chased the highest interest
Some people saw this coming from iceland
They didn't act quickly enough
Probably too busy spending their fundraising 'BONUSSES' to care. Yes professional fundraisers get paid!
At least some of that will be true.
In theory they were being risk averse....just keeping it on deposit. In all fairness until a year ago the idea of large banks simply failing hadn't crossed peoples minds as it hadn't happened for so long.
Maybe they could/should have diversified.....but that's with hindsight.
It is awful if genuine charities are affected.....and of course retail savers as well. Tis easy to say people were stupid....but then people trusted the regulators to have a clue about hwat they were doing...and for that matter the rating agencies as well.
Maybe they could/should have diversified.....but that's with hindsight.
It is awful if genuine charities are affected.....and of course retail savers as well. Tis easy to say people were stupid....but then people trusted the regulators to have a clue about hwat they were doing...and for that matter the rating agencies as well.
I think that SAVINGS should be absolutely guaranteed, otherwise why not keep them under the bed?
Investments, on the other hand, involve an element of risk, so should not be protected.
Fine line, I know, but I have savings, which I am not prepared to gamble with, and I have some investments, which I am. I expect to get a better return on my investments, but realise that I might not, in fact I might lose the lot.
I chose to take the risk on some of my money, but not all.
Investments, on the other hand, involve an element of risk, so should not be protected.
Fine line, I know, but I have savings, which I am not prepared to gamble with, and I have some investments, which I am. I expect to get a better return on my investments, but realise that I might not, in fact I might lose the lot.
I chose to take the risk on some of my money, but not all.
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