To The Stockholders

With the new financial year arriving it's time to deliver my annual report to the stockholders. I like to think I have been a strong, decisive CEO. I have been compared to Captain James Cook, (and not just because I got beaten up on a trip to Hawaii.) Yet sheer brilliance is sometimes not enough. It is true that many experts failed to foresee the impact of speculation in mortgage-backed derivatives and its effect on the banking system. I was one who did, and as proof I’d like to point you towards my 2003 white-paper: Speculation in Mortgage-backed Derivatives: How It Will Make Us Rich As Popes. The bare fact is that a million economists working for a million years on a million stock-screens could not have predicted the terrifying chain-reaction that would result from granting an Appalachian racoon farmer a loan to buy his first relaxin’-shack.

Here is my report:

http://suddainfeatures.blogspot.com/2009/05/annual-report-200809.html