It was a good reminder for those who lived through the 2008 crisis. For those who didn't pay much attention I believe it would still be a worthwhile listen. Its told in a manner that doesn't require much knowledge about the finance industry but for those who do have it you really get what Harry's saying.
Lots of jaw dropping while listening to the book on the train.
The heart that Marcopolos has for his country, it's people and his fellow man.
When Mr. Marcopolos testified and the beating that the SEC (finally) took from elected officials.
Yes: Atlas Shrugged. Excellent as well.
Yes. I am in awe of Mr Marcopolos' genius, commitment, guts. Plus he maintains presence off mnd in spite of extreme duress and frustration as well as a sense of humor in the face of the worst of adversities .
Right up there one of the best I have ever listend to Would recommend to anyone.Feel very sorry for Harry that no one would listen to him he comes over as a very honest person.
All very good.
I'm surprised at how much this reads like fiction. You need to have some interest in finance/accounting or the Madoff situation to enjoy it, so I don't think this book would be for everyone.
I can see why some of the reviewers thought the author's ego got in the way of the book, but overall, I'm truly amazed at how little the SEC did when alerted to Madoff. Rather than feel that he was touting his abilities, I got the impression that 1) the accolades he received were well deserved as he tried to do the right thing and 2) he didn't do anything that anyone with knowledge of, and access to, the industry could have done with minimal effort. It is apparent after reading this book that the SEC did NOTHING to protect the investors that it is charged with protecting. The actual Congressional testimony excerpts were quite powerful on the audio version of this book; although I appreciate Congress' anger at the SEC, my question is, why was this agency allowed to operate in this manner for such a long period of time? I'm even more surprised to read that the fund managers, who are entrusted with other people's money and have a fiduciary duty to their clients, asked Madoff to see the underlying data and when he refused, they STILL gave him billions of other people's money.
The author's fear for his life is truly amazing when he exposed Madoff - he took steps to remain anonymous, looked under his car for bombs, carried a gun - these are things you read about, not things that you think about actually happening!
Oh, if you are an SEC employee - you probably won't like this book, as the author does not hold back on his feelings about the agency! I also liked the fact that he didn't just complain about the situation, but rather, also offered suggestions as to how to fix the problem.
Not bad. Not great. The last hour & half was simply stating how the SEC should be reformed.
Interesting to a point & somewhat unbelievable on how poorly the SEC handled things. What I found comical is how hard the book tried to sell itself as a thriller. Repeated references to how he feared for his life, yet there wasn't one piece of evidence to validate his fear, just pure speculation. Overall, not bad - I just wouldn’t call it a thriller.
This book could have been shorter by half. As what Harry Makopolos calls "my team" discovered the Ponzi scheme and used math skills plus financial-industry contacts to assemble proofs I was enthralled. Then, as he waited and fumed because "No One Would Listen" I began to understand which of his personality traits made people disinclined to join his crusade. I started to regret downloading the second half of the book and Harry finally lost me completely when he assembled an arsenal to shoot at the SEC while admitting employees of said agency don't carry firearms. I felt he worked too hard to add tension to what was already a sufficiently dramatic true story.
It is interesting to read this book in light of the recent Gulf oil spill and Minerals Management Service (MMS) incompetence. I see similar parallels. Maybe there will be a similar book on MMS. As a former Fed Gov employee at the Dept of Interior (I escaped after 3 years), I am not totally surprised at the SEC problems which is one of the main ideas in this book. It is much worse to have incompetent government agencies that APPEAR to be regulating some industry, and just like the Gulf oil spill - find out they don't do their job. So I'm always left to wonder why everyone seems to have so much faith in government and appears to want to give government more and more responsibility. I wish everyone could have a summer job of working for a government agency - I think the political landscape would change for the better. Many of the issues the author brings to light at the SEC were the same issues at the Fed agency I worked. I think this is a good book (but not a masterpiece) and I recommend it.
The book was interesting, but far from a thriller. When I purchased it, I had envisioned the tobacco whistler blower scenario. Not even close. The Author and Madoff had no connection at all. He stretches and equates a death of someone unconnected to him to his fear of being found out by Madoff and being "knocked off." But it really doesn't equal a fear factor to this reader. The author gave up absoutely nothing for this "whistle blower" activity. He quit his job and decided to become a whistler blower. He did not lose his family, house, car, friends or anything, especially money, that would make me feel he had any fear in his life. While there might have really been some, I don't think it came through in the reading of this book. The only thing that happened was he made money off of Madoff's scheme. A little ironic isn't it.
I enjoyed this book. I want my children to listen and understand not to buy into any else's crap. Some parts are a bit repetitive but I didn't care - it would be frustrating to keep blowing the horn to warn the authorities and the people who are supposed to protect us couldn't care less. I found it fascinating.
The first half of this book is great. You learn alot you did not already know if you've been keeping up with the Madoff scandal. But the second half is repetitive as the author relentlessly complains about the SEC.