Saturday, July 3, 2010

Order No One Would Listen: A True Financial Thriller


When Senator Schumer asks the author at a Senate hearing, packed with SEC faithful, for his recommendations for the SEC and Harry says "bring back the pink slip for the SEC," the weeping and gasps can almost be heard amidst the falling of the ever present Skilcraft pens. It is a choice wry moment in this fresh, retributive book in which a bastion of fat arrogant and complacent government is keeled hauled as never before. Markopolos does not let these faceless bureaucrats hide; he names them and years from now, his accusations will stick like superglue and sting like the lash. Transcending its j'accuse tone, the book explains how Markopolos uncovered Bernie Madoff (even though he never met him), why the Madoff model was inherently fraudulent and discoverable, if only one looked, and why the SEC was, and remains, dangerous to the American people and no longer capable of regulating the complexities of the financial industry. At the end, he offers fifteen practical suggestions for a rebirth of this troubled agency. The book could have been strengthened by the identity of some of Madoff's victims and his monumental fraud's aftermath. But this is the author's book which lags in parts, repeats itself, offers up too many tedious metaphors and effectively ends two thirds of the way through it.Get more detail about No One Would Listen: A True Financial Thriller.

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