Tuesday, March 6, 2012

Just finished reading "No One Would Listen"

I just finished No One Would Listen, A True Financial Thriller by Harry Markopolos, who reported to the SEC that Bernie Madoff was running the world's largest Ponzi scheme.  The SEC blew off Markopolos' reports and failed to stop Madoff from stealing billions of dollars from investors, hence the title of the book.  Perhaps the most valuable contribution of Markopolos' book is to show that the executive branch is simply ineffective at enforcing the laws Congress passes.  Into that breach whistleblowers have a valuable role to play in protecting investors, Medicare, and other government programs.       

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