Comments on: Googled: Harry Markopolos, MS’97 http://at.bc.edu/googledharrymarkopolos/?utm_source=rss&utm_medium=rss&utm_campaign=googledharrymarkopolos Mon, 18 Jul 2016 13:25:48 +0000 hourly 1 https://wordpress.org/?v=4.5.3 By: tamika kelley http://at.bc.edu/googledharrymarkopolos/comment-page-1/#comment-52170 Sat, 17 Apr 2010 15:38:16 +0000 http://at.bc.edu/googledharrymarkopolos/#comment-52170 The intent of the comment above is to somehow blame the victims as gullible, wishful speculators. Yes, there were those, but the victims profiles were much broader than that. If the financial system’s credibility rises above the cheats and criminals that the commenter describes, this will only happen because a regulatory system is reinstated. There is no such beast as ‘free market laws’ – it’s a contradiction in terms.

]]> By: Elaine M. Naddaff (Hughes) http://at.bc.edu/googledharrymarkopolos/comment-page-1/#comment-43200 Wed, 11 Feb 2009 11:17:31 +0000 http://at.bc.edu/googledharrymarkopolos/#comment-43200 I am unclear about the analytical approach Mr. Markopolos employed to attempt to reach some conclusions about Mr. Madoff’s trading practices and whims.

You can buy, sell, “cover” and go naked with options” on the same equity several times in a year. Who, or which agency has the legal authority to provide specific trading data ?

At the basis of all relationships, financial and otherwise is trust. The scheme was devised to take advantage of the “OLD, UNINFORMED and the NAIVE.” The same scheme could have happened to any population of gullible, wishful, speculators.

My guess is that the crdibility of the financial system and those making decisions will rise above the cheats and criminals, but it is the “watchdog” that has to have intelligent, free market laws to watch.

]]>