Why are town council using our money to invest???

Just paid a two month Town Council service and conservancy charge of S$123 only to learn that they had use our money to invest in Financial product...failed financial product. Since when were we, residents of HDB flats and Singapore pay the monthly charges just to allow the money to end up as surplus investments? This money are suppose to be use for maintenance of our housing estates, pay the cleaners, build sheltered walkway, paint the void deck pillars, wash our common corridor, fix the lift, pay the civil servants working under town council....this are money paid with our hard earn cash for maintenance of our housing estates!!! Since when did "they" put in black and white that this money will be so call diversify and use for investment. Lame excuses like to combat inflation and to make the money work harder. Very lame...

In the first place, as a public fund...this money should be spend for public service. If there is surplus, isn't it right to rebate to the common people? I think the Town Council ought to explain what they are doing with the people's money. Some poor folks had to folk out the SC&C charges every month which could easily buy them a week of meal to only realize that the absences of any check and balance in the system result in poor management of public money.

It seems they are starting to operate more like a investment bank than a Estate Management company. Very very disappointed that the money I paid, that the money everyone in my neighborhood pool in are so mismanaged.

In fact for not openly apologizing only expose them to further criticism. Let see how many people will go Hong Lim Speaker Corner to protest... Its easier to protest against the bank with the MAS giving covering fire but protesting against Town Council? Who is going to cover the protesters? Another "Tan Kin Lian" style leadership? Wait for the "Red Car" to come...