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laurieb755 's review for:
No One Would Listen
by David Einhorn, Harry Markopolos
I found this a very satisfying book to read because I like mysteries and the topic resonated. Markopolos writes with a human voice. I heard the urgency and care, concern and frustration he felt as an ordinary citizen confronted with a massive lie which was defrauding thousands of people, many of them completely unaware of what was really happening to their life's savings. Markopolos has a conscience, he has a strong sense of what it means to engage in ethical behavior. When he sees the SEC ignore his attempts at cluing them in to what is going on with Bernard Madoff he is astonished by their ineptitude.
The topic resonated because back in the 1960s and 70s my Dad ran a mutual fund, during which I recall interactions with the SEC. Having lived through the financial collapse of 2008, and discussed it with my Aunt, who lived through the financial collapse of the 1929 stock market crash, it was fascinating to read this book and be privy to the levels of corruption in our financial society and the agencies charged with protecting us from that society.
This book was published in 2010, and Markopolos concludes with what appears to be some optimism that the SEC might be headed back onto a more positive track. I wish I could have that same optimism, but at the moment it seems to me that the typical U.S. citizen is still being pummeled by large corporations and money handlers that seek maximum return over investor and human benefit.
The topic resonated because back in the 1960s and 70s my Dad ran a mutual fund, during which I recall interactions with the SEC. Having lived through the financial collapse of 2008, and discussed it with my Aunt, who lived through the financial collapse of the 1929 stock market crash, it was fascinating to read this book and be privy to the levels of corruption in our financial society and the agencies charged with protecting us from that society.
This book was published in 2010, and Markopolos concludes with what appears to be some optimism that the SEC might be headed back onto a more positive track. I wish I could have that same optimism, but at the moment it seems to me that the typical U.S. citizen is still being pummeled by large corporations and money handlers that seek maximum return over investor and human benefit.