Where is the mayor's apology?
Where is Chris "we haven't lost a cent" Holstein when you need him?
Gosford Council announces a $2.5 million loss on the first of the CDO Lehman Brothers notes that it has cashed out.
Missing from council's press release was any reference to our mayor, who earnestly told the ABC 7.30 Report earlier this year that Gosford council's investments were sound and certainly not under water.
Rather than council being apologetic however, they are now holding council meetings in secret to discuss this debacle.
The secrecy, covered by so-called "commercial in confidence" issues, appears to be so council can put the best possible spin on this debacle.
Council claims no services will be affected by the losses, however where is its support for arts and culture and the very popular Five Lands Walk?
Bring on a merger with Wyong Council.
Email, 28 Nov 2009
Warren Cross, Wagstaffe