Wingecarribee Council making millions on Wall Street

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creampie
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Wingecarribee Council making millions on Wall Street

Postby creampie » Mon Nov 16, 2015 6:06 pm

Wingecarribee Council making millions on Wall Street by trading your council rates and fees.

The Wingecarribee Shire Council in NSW has filed a $59 million claim alleging it was misled when Grange Securities sold it high-risk CDOs (collateralised debt obligations) that subsequently dived in value when the subprime crisis engulfed global credit markets last year.

Read more:
http://www.theage.com.au/business/counc ... -49zl.html
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