Do we have the next candidates on list for a bailout?
Onésimo Alvarez-Moro
See article:
Charities should be compensated by the Government for the money they lost when the Icelandic banking system collapsed last year, say MPs.
The Treasury Select Committee says it is "imperative" that charities, which lost an estimated £120m, should be supported with a one-off bail-out of taxpayers' cash.
Many charities are too big to be classed as retail depositors under the Government's deposit insurance scheme and are faced with trying to get back funds from the banks' administrators.
The committee also called on the Government to provide charities with further statutory guidance on managing their finances.
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