Maitland Council investments under review

By Angela Dorizas The New South Wales Department of Local Government said it would take a closer look at Maitland City Council’s investment portfolio and reporting in response to council’s differing accounts of the number of collateralised debt obligations (CDOs) it holds. Maitland Council issued a press release, dated 3 April 2008, claiming to have […]

Maitland Council caught in investment maze

By Angela Dorizas Maitland City Council has potentially misled constituents on its exposure to financial investments tied to the US sub-prime crisis. The NSW Department of Local Government (DLG) is now taking a closer look at the council's investment portfolio in response to differing accounts of the number of collaterlaised debt obligations (CDOs) the council held. […]

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