Council’s CDO losses to top $19 million
To date, losses from investments in Collateralised Debt Obligations (CDOs) have been confirmed as totalling $19.12 million by Gosford Council’s CEO, Mr Paul Anderson. Mr Anderson was responding to questions…
CDO
CDO investments cost Council up to $38 million
Gosford Council could be $38 million better off if it had not invested in speculative instruments like Collateralised Debt Obligations (CDOs) in the market boom prior to the global financial…