And SEC and FINRA are suppose to have a watch and protect us?
Thanks Mr Markopolos, but I think that still coporate America will always win.
It makes you throw up what our goverment agencies are doing.
Great book and well read by Mr Brick.
I honestly wasn't sure if I'd even enjoy this book because it didn't seem like the type I normally like. Boy, was I surprised! The story is indeed long and detailed, but I never felt bored or bogged down in details. The author did a great job of keep in the reader into the story. I haven't listened to tons of audio books, but the narrator is the best I've heard so far. He captures the emotion of the writer very well.
I'd highly recommend this intriguing story.
This book highlights the incompetency and negligence of regulators exceedingly well and continues to give me sleepless nights. Harry Markopolos is a true hero and I pray for him to continue with his work to expose the criminals who have turned innocent individuals into paupers without a shred of conscience.
This book could have been an excellent reading/hearing if it was trimmed significantly to eliminate the repeating unnecessary in your eyes/ears chest beating by the Author. He really did not have to do this as it was implicit in the facts stated. He also wasted too much time and effort in trying to create a script for a financial thriller by repeatedly trying to show how scared he was that Bernie would plant a bomb under his hood. No kidding...that sounded like reading a Mafia novel. Ironically, in the interview Bernie gave from prison he claimed the Author was irrelevant!! Could have done a better job...
I think what I enjoyed most about this book was the author's ability to keep the reader's attention while also teaching what exactly the signs were that something was amuck in Madoff's investments. I thought that the last 2 or 3 hours of the book dragged on a bit, but I enjoyed the listen.
This book gets five stars from me because of all the good information Markopolos provides about the SEC's incompetence, Madoff's European and off-shore investors, Congressional peacocking, and his clear explanation of how Madoff's supposed split-strike-strategy would have worked, had he been using one. At times though, you can see why some people wouldn't have taken Markopolos seriously, as he recounts checking his car's wheel wells for bombs and calling his police department to receive 24-hour supervision- he comes across as a bit of a nut. While I'm not sure I would want to be friends with Markopolos, he certainly should have been treated with more respect and his message should have been taken more seriously. It was very a thrilling, informative read!
At first with all the technical talk I didn't think I was going to make it all the way through this book, but it turns out to be one of my most talked about books. I highly recommend this book.
As a survivor of the subprime meltdown, and various other financial disasters, I found this an interesting book. When discussing the framework of the Madoff scheme, i.e., the failure of regulatory agencies, the failure of other market participants to call out the scheme and the disaster that ensued, the story is gripping. However, Markopolos gets tiresome quickly with his angst and handwringing, which could have bee communicated far more effectively in fewer words. Worth listening to, but tune out Harry's soliloquy's and you'll learn more.
Other reviews mention that the author is a bit over the top with his lame metaphors and self-aggrandizing, and there is some of that. But, at it's core, this is the ultimate story of how a whistle blower being a little eccentric made smug regulators ignore a terrible crime. It reminds you of every good story where the "cool but cruel" kids in high school get their comeuppance. Markopolos' work could have used a little tighter editing, but you are still in the front row of this saga. And let's face it, the author earned the right to say "I told you so" after the disgraceful way his decade of carefully documented alerts were handled by regulators.