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International Law

: Open and Shut

Mayor of Gosford flunks accountability 101

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On ABC 7.30 Report last night, Matt Peacock interviewed the Mayor of Gosford about $40 million in write-downs on Council's investments in collateralised debt obligations. A local business group has asked the Council questions as to exactly what funds have been invested in what schemes.MATT PEACOCK: The council's answer was that it receives a monthly assessment and update of the investment

Full post as published by Open and Shut on April 22, 2009 (boomark / email).

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