local oversight missing

There is a hedge fund manager who made a return of 600% for his well-to-do clients last year and took home 3.62 BILLION hinself. He placed bets against our economy with credit swaps. Credit swaps are side bets that were placed at pennies on the dollar. No regulation is what caused this disaster. We dont even know how much worse it could get because of the lack of transparency, mainly with the hedge funds. On a local level, the lack of supervision and oversight by The Council and City Manager in the past has cost the residents close to million dollars SO FAR. If the current mismanagement team keeps the pace it has in the past, millions will disappear and eventually lead us into bankruptcy. Wonder how many are taking side bets about Miami Springs becoming bankrupt?