[maryfield48]

A little OT, but I followed a link off OP's link to a story about a Catholic fund that invested in the Party IPO, contrary to its own investment policy:

[ QUOTE ]
The Secular Clergy Common Fund, a charity for ill and infirm Roman Catholic priests, bought shares in the internet poker group despite an ethical investment policy banning it from buying shares in gambling companies.

HSBC, which manages the charity’s investments, bought 22,403 shares on behalf of the the fund.

This weekend, Michael O’Shea, who runs the charity, described the investment as an “error of judgment”. He added: “As a Catholic charity, we can’t be seen to be involved (with Party Gaming). It’s not ethical is it, really? It was only for such a short time. We pulled out very quickly.”

[/ QUOTE ]

I can't help wondering if they'd have pulled out had they been underwater.