Friday, July 17, 2009

Charities Gambling With Donations

BBC NEWS | Scotland | Highlands and Islands | Rescuers refuse hoaxer's donation
It provides a 10-bed in-patient unit in Inverness and a day hospice on the same site.

Last month, the organisation said it expected to lose half of the £658,832 it had invested with a failed bank.

This followed a Treasury decision not to compensate charities - including the Highland Hospice - for funds lost in the collapse of Icelandic banks.
This is the most important part of the story. Why on earth are charities gambling with their money? There's no denying that that's what they were doing, there are plenty of safe building societies in Britain who will look after your money for you, but whats the point in a bank if it only gives you back what you put in, right? Much better to invest with Icelandic banks which promise to create money from nowhere for you, until the lies unravel and you realise there's no money left.

Really makes me wonder about the value of our charities, I feel like I actually have to check now whether the money I give to Amnesty International is used to help people, or is gambled away in casino's, sorry I mean "banks".

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