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City of Swan recovers some Lehman funds

The City of Swan has recovered some of the funds invested in collapsed investment bank Lehman Brothers Australia.

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Why did the CoS invest in pie in the sky shister invesments. Its my money. Put the money in a bank or federal bonds. Also how much did it cost to get the funds back. Of course better than nothing.

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Total revenue

1st-City of Stirling$219.4m
2nd-City of Perth$201.1m
3rd↑City of Swan$178.5m
4th↓City of Wanneroo$184.8m
5th-City of Joondalup$147.9m
140 local governments ranked by total revenue

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