markkerr of authority or no mark

Im sure everyone has been following the continuing story of the lost millions of local authorities that have dissappeared in the thermal springs of iceland.
thats the country not the frozen food company btw.
what staggers me is the explanations eminating from powys hq and especially those attributed to chief exec mark kerr.
first after the fall out of the lights out situation he states in print that a immediate u turn by switching the lights back on would make the council look indecisive and weak.
Why not try bumbling and untrustworthy mark.
Then he tries to explain the loss of the icelandic investments as part of the day to day 'managing' of finances.
If they knew that the credit crunch was biting and lets face it most of us have known the economy was in trouble for over a year with house prices falling alongside their sales as well as standard and poors rating of icelandic offshore investments as high risk then why were they not withdrawing the maximum amount each day!!!
Ok so their might have been risk in investing the withdrawn sums in uk banks and institutions but at least if they were managing daily they could of moved the sums around in a diversified portfolio like most private investors do.
Both kerr and michael evans seem to think that as since its only a 'reserve' fund that is kept for emergancies then it is no great loss but then they turn round and state the annual budget recieved from cardiff bay is again inadequate to run all services.
surely this 'reserve' could of been withdrawn and used to cover the short fall in the street lighting budget.I would say that is sufficent enough of an emergancy.
All this on top of mark kerrs arrogance when he stood in front of protesting bus companies drivers and prevented them from demonstrating the potential loss of their livelihoods when the contract was 'awarded' to veoila is a step too far and like all fair minded citizens of powys demand that mark kerr does the decent thing and resigns with immediate affect and without a compensation package offered to him.