Fascinating Read
5
By Girl410S
Enjoyed my time learning far more about the finance industry than I previously knew. Markopolis is a captivating writer, and testimony to that is the current time. I should be asleep!
I am relieved to know there are individuals out there who understand the need to do something because it is the right thing to do. With so many asking "What's in it for me?", this book was a breath of fresh air. I will say the numerous metaphors in the epilogue were corny, but I guess I can forgive that of a man who risked his life to do the right thing. His ideas on how the SEC should be run are, sadly, common sense ideas. I sincerely hope the current leaders today consider very carefully the advice he has offered in the conclusion of this book.
My question is this. Why should a large portion of the "victims" receive any compensation? It seems obvious they knew illegal actions of some kind were involved, but they weren't concerned as long as they continued to richly benefit from Madoff's actions. I know very little about how the finance industry operates, but even I can recognize "too good to be true", especially in an industry of money-making. A chart with a 45 degree angle? Really? And Spielberg fell for this? How did THAT happen? I love that guy. Well, at least I love his movies. That would be a good book. "How I fell for a Ponzi scheme". Wait...isn't our entire economy a Ponzi scheme?
Don't miss out on a good follow story entitled American Greed, by Saeed Fazeli. Went to look for a "How I fell for a Ponzi Scheme", and I found one! Great book, quick read.