The Merryl Lynch Investment FIASCO

I do not know about you, but I am getting ready my chopping block. We have heard through the news the claim that Springfield's 14 Million investment with Merrill Lynch dwindled to 1.2 Million after being invested in the volatile sub-prime market. Now, City Councilors are heroically calling for a full accounting of the investment dealings. Merrill Lynch claims that Springfield officials reviewed and approved the investments. If this is true in fact, some heads ought to roll. How in he world, for lack of more proper descriptive words, can this happen? If this is true, which will inevitably come to the light, the elected officials, if any ,that were involved ought to spare the citizenry, and resign their elected positions. Hello, we are just starting to recover from an almost bankrupt city government and they make this awful decision on our behalf? Furthermore, this case proves that there has to be better communications between city agencies and elected officials. After all, elected officials are entrusted to ready the ship and chart a steady course for the city. I will be keeping my eye on this FIASCO. !!!!