The Furor Over Losses in the Minor's Fund

If one visits easternband.com one will see the anger over the losses in the minors and incompetents' fund. Don Rose, a candidate for Tribal Council in Painttown has also noted the losses before in an oped piece for the Cherokee Times.
The anger is clearly justified, however, it does need to be noted, tribal government didn't "steal" this money from the the children, but it may as well have. The fact is tribal government was well within its power to stop the losses from happening. It chose to do nothing, to leave the investing up to a broker, who has no stake in anything with the tribe other than to keep a client.
The minor's and incompetents' fund never should've been invested in the high-risk, extremely volatile stock market to begin with, but when the trouble with Fannie Mae and Freddie Mac started, that should've been an indicator to move this money to low-risk or no-risk investments. Anyone with any sense with investing would've seen the writing on the wall. Yet, nothing was done. When the markets went to hell last fall, much of our children's money went with it. Tribal Council and the chief bear just as much responsibility as the investment committee and broker in what happened. They're all privy to such information in which they could've made wiser investment decisions.
Now tribal government is playing the blame game. I'm not so much interested in who's to blame. I want to know what do our leaders plan to do about it. I for one think parents should have an option in how their children's money is invested. I have a child on the way, and I don't trust tribal government to properly manage his or her money. If tribal officials insist on us as parents having no input, than they should at least have the courtesy of placing only financial planners on the committee, who can and will grow the children's money conservatively but surely. You don't go to a plastic surgeon to remove a cancerous tumor, and you shouldn't go to an accountant and broker for investment advice.
We can talk about who's at fault for this later. Right now, fix the problem so it doesn't happen again.