AAA Ratings on Rates
Across Australia, many local councils have invested their money in high yield, but risky investment schemes. Now, with the whole low-doc, subprime world so shaky, they’re losing money. Ratepayers want answers, and some councillors who didn’t see the writing on the wall are having to explain. Listen to the podcast from Radio National’s, ‘Background Briefing’.
Tags
Investment Schemes, Local Councils, Ratepayers, Subprime Morgages, Radio National Background Briefing
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