I just read thison the Islandfm (Guernsey radio) website at : http://www.islandfm.com/news/index.php

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LANDSBANKI NOT UP TO STATES' INVESTMENT STANDARDS

The Treasury Minister says Landsbanki Guernsey's investment criteria weren't
good enough for the States to keep any money there.

Deputy Charles Parkinson says taxpayers' cash is only kept with the most
secure institutions.

The banks they do have funds with have recently been reviewed.

Deputy Parkinson doesn't believe Landsbanki Guernsey, which has gone into
administration, would have been up to the States' standards.

Hundreds of customers are still waiting to find out how much money they'll
get back from the Icelandic bank.
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Reasurring to know whose interests they are looking after!