Town council and their failed investments

[Jubilong]

Have you ever wonder why are the town council allow to have such huge reserves such that they can invest in these failed bonds?

 

Wouldn't it be prudent to put them in fixed deposit. Now I just hope that there will not be an increase in conservancy and hopefully the relevant town council will stand up and answer to us.

 

The best thing that came out of this financial crisis is that we now know how much money the Town council are holding. Who's next???

Edited November 19, 2008 by Jubilong

[Alcapone]

There is a similiar thread on this already.

Edited November 19, 2008 by Alcapone

[Jubilong]

Thanks Bro must be blind and didn't see it...