I thought this book was fascinating. I was astounded at the greed of individuals and the gross incompetence of the SEC. Harry Markopolos has written and read this book well. It's kind of long, but this didn't bother me and I managed not to lose track of what was happening. I found myself getting frustrated at the uselessness of the SEC along with the author. It was also interesting to hear a different perspective of the financial services industry. I really enjoyed this book.
I started listening to audiobooks to help with my commute to work. I now listen to books while I sew and do my crafts.
"Shocked" I was when I heard the news of the Bernie Madoff Ponzi Scheme and all of the lives it crumbled to financial ruin. As a retired banker, I have lived my business life by checks and balances, audits, and compliance regulations. How in the heck did this get by soooo many people! Does the SEC have a management training program? Do they have a training department at all? The book does not reflect that there was any intent to defraud by the SEC, however, it does report that the people involved were made aware of the problems with Madoff and his company but did not know what to do with the information. After reading this book you will be sick after learning that this ponzi scheme could have been stopped from the first detection of the incongruous returns Madoff's clients were receiving. I will listen to this book again after reading archived newspaper articles written during this time. I have referred this book to friends. If you are not familiar with broker and financial "jargon" keep your dictionary close! Incredible inside information and a thrill ride of a read!!
This book read like the best suspense novel. The chilling part is that it actually happened. I had a tough time pausing the narration. I'd end up sitting in my car in the driveway, after getting home from work, until my son or husband came out to check on me.
Since I listen to these books on my commute to work, I didn't feel it was a waste of time, but I wasn't riveted. Some books I find myself sitting in the garage for several minutes to reach the end of a section before going inside. This was not one of thise books. All in all, it was just ok.
The main narrator did a great job. I think the
Can not recommend. Very interesting, even amazing story. However, it's very depressing and very dragged out
edit it down by 30-505
Read more upbeat books
Yes, and I have, to as many people as would listen to me.
I was actually apalled by this story, dumbfounded and agreived by my counrty's lack of responsiveness to the information being presented to it on a regular basis.
The honest sense of outrage he felt and experienced as he went through this experience. It translated vocally in a way I don't think the printed word could do alone.
We couldn't make this stuff up if we tried!!
This book will give you a clear understanding of how our economy failed, how Bernie Madoff got away with his ridiculous schemes and scams year after year, and why the old fairy tale of The Emporer's New Clothes still has application today (surely you remember that one, everyone swears to see the lush new clothing of the naked king, in an effort not to seem out of step with the hoity toity, pooh poohing the nay sayer as a person of low taste and understanding. . . Hmmmm I bet Mr. Markopolos might be able to tell us a bit about what that feels like.....).
I rarely give a five star rating to non-classics, but this one deserves it, for the classic way everyone preferred to look the other way while a common criminal robbed our economy, and our citizens, blind, while we smiled and said thank you, please come back again!
I've been listening to audio books for well over twenty years (even before audible was available). Secretly, I wish I could be a narrator.
Harry Marckopolos tells a compelling story. I really liked his down to earth writing style which helps the layman understand his world of high finance and the underbelly of that industry. I'm thankful that there's still good, honest, and ethical people like Harry in the world who stood up to fight for all of us who share his values.
If it sounds to good to be true it is. Every one should take in this book! Harry lays out just how inept the SEC is and how easy people are blinded by high returns. The story is hard to put down and very well read.
This is a fantastic road trip listen.