There isn't anything funny to say about the island nation of Iceland and High Peak Borough Council.
Small, inward-looking, populated by strange people. And Iceland's just as bad.
Anyway, the Audit Commission's report on local authorities and this major financial scandal has just been published. £2 million of taxpayers' money was sent from our local Borough Council over to the land of Bjork then lost in space - basically at the push of a button.
Our three main neighbouring authorities are Derbyshire County Council, Staffordshire Moorlands, and Tameside. The grand total of these councils' financial exposure to Icelandic banks is respectively zero, and er... zero. Oh, and zero.
The new Audit Commission report on this scandal, 'Risk and Return', is available here: