Come clean on CDO loss

The Australian Financial Review reports that Gosford Council has suffered another multimillion dollar loss on its US CDO investments.

Some honesty with its ratepayers may pay dividends.

The "we haven't lost a cent approach" is wearing thin.

I pay my rates 90 days late, as a sign of protest.

If we all do the same, they will suddenly be forthcoming with the truth in this tawdry episode.

Email, 1 Mar 2012 Warren Cross, Wagstaffe