"I think that most were concerned that there was not a full explanation being given by either DDC or KCC on the investment, and possible loss, of our money"
There was a statement on the DDC website on the 10th.
http://www.dover.gov.uk/pr/template.asp?search=850
Heads won't role and I don't think they should - it is a gamble that has paid off for years for most people - would you sack a financial advisor if there was a townturn in the market that was unavoidable ?
Having said that Ashford Council were advised 2 years ago to get away from Icelandic Banks....