Say something about yourself!
This book will keep you furious! Wish we could clone Harry, our country needs true dedicated, honest leaders like him.
The basics are well known: Bernard Madoff ran a huge Ponzi scheme literally all over the world and right under the noses of the SEC and every other financial regulatory agency in the United States for DECADES, and they did nothing. Even when Markopolis and his team recognized the Ponzi and called it to the attention of the SEC three times, they did nothing. Eventually, Madoff's empire collapsed and the damage was huge and international ... and all those responsible for letting it happen have pretty much walked away from their culpability.
Pros: The book itself does an excellent job in teaching the reader what she needs about financial markets in the 20th-21st century to understand the story to follow. We are also well introduced to Markopolis in the context of both his attitudes and his expertise. The story of the Madoff scam, the SEC and their incompetence is chilling and rather frightening and it held my attention very well.
Cons: The narration is ... ill-advised. Scott Brick is pretty much breathlessly overwrought through most of it and his narration struck me as mostly making Markopolis "arrogant." The other voices were OK. The book also could have used a little more editing. I thought some of the points were belabored rather much.
Overall: I liked the book and found I usually looked forward to any opportunity to pop in my earphones and continue the story while commuting or cooking or my hands were otherwise engaged.
Recommend. Especially if you have money invested anywhere.
If you want to understand how most of the 99% supported the 1%. Learn What To VOTE For!!!!
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!