[jambutty]

Hardly a day passes by without the revelation that yet another government department (Quango) admitting that it too has several million in an Icelandic bank.

I would be very interested to know how much the three major political parties have salted away and where.

And now as the government has announced that no share dividends will be paid to the shareholders of the three partially nationalised banks for one year, the shareholders are crying foul.

Of course those same shareholders seem to have forgotten the times a plenty when for years they have received dividends far above their expectations. Note to all shareholders – share values can go down as well as up.

Another note to shareholders – when you bought shares in a company you became part owner of that company. As part owner you are entitled to a share in the profits but the other side of the coin is that you are also responsible for any losses that you should make good.

There are more revelations to come in this banking debacle.