Pertinent for vax coverup? Questions For Harry Markopolos - Math Is Hard - Interview - NYTimes.com

[Guest guest]

From: Belkin

MB Comments:

This guy uncovered the Madoff financial Ponzi scheme way ahead of time

and struggled to make government regulators stop it.

I believe his comments are pertinent for those of us who are fighting the

CDC/FDA/WHO conspiracy to cover up vaccine adverse reactions (AKA:

Autism, SIDS, GBS, etc.).

Notice the truth won out in the end despite government incompetence and

complicity.

MB

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http://www.nytimes.com/2010/02/28/magazine/28fob-q4-t.html?partner=rss & emc=rss

February 28, 2010

Questions For Harry Markopolos

Math Is Hard By DEBORAH SOLOMON

What was it like to spend nine years trying to persuade the Securities

and Exchange Commission that Bernard Madoff was a fraud, only to learn

that the agency thought he was perfectly reputable?

For nine years I was the S.E.C.’s doormat.

Now you’re triumphant, a hero in investment circles who exposes the

S.E.C. as the most futile of agencies in your new book, “No One Would

Listen.”

It was a trip through the twilight zone.

Why do you think the S.E.C. failed to wake up to Madoff’s $65 billion

Ponzi scheme until he turned himself in?

They weren’t even asleep at the switch; they were comatose. They

didn’t respond to heat and light, much less evidence of wrongdoing. They

were not engaged in the fight.

This was when son was head of the S.E.C.?

son was too tough on Wall Street, so he got the ax. Then you had

, because he wasn’t going to do his job. That’s why he got

the job.

You met last year with Schapiro, the current head of the S.E.C.

How did that go?

I would say she was coldly polite. Her general counsel, Becker, did

most of the talking. He and I did not get along at all. He was getting

ready to come across the coffee table and strangle me.

In the year since you testified before Congress about the S.E.C.’s

failures, many of the agency’s employees have been replaced.

They’ve redisorganized. They redisorganized the enforcement unit. I

actually approve of that. I think Khuzami, the new head of the

enforcement division, has got fire in his belly.

Are you saying the S.E.C. under Schapiro is about to catch fraud on

Wall Street?

She has the wrong staff. They’re a bunch of idiots there.

What do you mean?

The five commissioners of the S.E.C. are securities lawyers.

Securities lawyers never understand finance. They don’t have the math

background. If you can’t do math and if you can’t take apart the

investment products of the 21st century backward and forward and put them

together in your sleep, you’ll never find the frauds on Wall

Street.

So why doesn’t the S.E.C. hire finance people? Why don’t they hire

you?

They’re overlawyered. They’re poisoned by lawyers.

You actually began your career as a money manager in Boston who first

noticed Madoff’s monkey business when your boss told you to try and

duplicate his investment returns. You realized they were mathematically

impossible.

Madoff was a competitor of mine, and I couldn’t compete against him

because he was making up his investment returns, and I had to manage

according to the market. It wasn’t a level playing field.

What will you do with your book royalties?

Fund the three boys’ college educations. Harry Louie and Louie Harry are

identical twins. Age 6. I have a 3-year-old as well.

Is that some kind of Greek tradition? Giving kids the same name?

You saw the movie “My Big Fat Greek Wedding”? Everybody has the same

name. Only the people change; the names never do.

Has anyone contacted you about making a film based on your book?

Yes. All the major studios. Sony, Paramount, Tom Hanks, you name it.

Where did you learn about finance?

You don’t learn much in grad school. Half the formulas they teach you are

false. It’s a lot of self-study. I read a lot of finance books, and I

usually read them with a calculator because I go through the math to make

sure I master the formulas.

Were you always a math whiz?

I needed a tutor in 7th and 8th grade. Whatever it was, I was having

big problems with algebra.

In a recent interview with a government investigator conducted in

prison, Madoff called you “a joke in the industry.” Have you ever met

him?

No. I was asked if I wanted to. I don’t want to sit there and hear his

lies.

Sheri Nakken, R.N., MA, Hahnemannian

Homeopath

Vaccination Information & Choice Network, Washington State, USA

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