This is what I love about blogging (and thank you for all the emails appreciating the widening of our net here at Think! from not just IHT stuff, but to the mothership, her competition and her future, wherein lies the fate of the IHT).
Back at the beginning of the month I posted on the notion that the NYT might have given their readers something more of a warning of a very clear and present danger in the financial markets.
In particular I mentioned a SEC hearing that NO MSM attended and which was central to allowing the credit derivs. market to go forth and kill us all.
(Well, not us in fact, because we are smart IHT readers who can connect the dots, as witnessed at A PLACE IN THE AUVERGNE.)
One man, it was reported much later, sent the SEC a letter at the time, telling them that what they had in mind was a really, really bad idea. He was of course ignored. And no journalist covered his remarks.
I'm pleased to announce that the man himself, Leonard D. Bole was kind enough to contact me with a copy of his letter.
And here it is: sec.gov/rules/proposed/s72103/s72103-9.pdf
Leonard, thank you and God bless you.
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