I received a typically forthright e-mail from my old mucker Ron Smith-Galer, the market legend behind the now defunct revolutionary FX trading platform YoursMineShag.
“I heard on the news that local authorities have started squealing that they may have lost [local council tax payers’] money due to lending to dodgy Icelandic banks,” he says, adding: “Well they shouldn’t have been lending to them at all. We’ve been here before when Paul Nash was called in front of a Select Committee to explain why RP Martins were involved in local authorities lending to BCCI.
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