General Electric of massive fraud is one recession away from Chapter 11. Their balance sheet is in tatters. Harry Markopolos More Quotes by Harry Markopolos More Quotes From Harry Markopolos Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it's not the armed robbers or drug dealers who cause the most economic harm, it's the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives. Harry Markopolos government home jobs I don't know how I could have been more explicit. I gave them a roadmap and a flashlight, but they didn't go where I told them to go, they didn't look where I told them to look, they didn't tell the people I told them to call. Harry Markopolos scandal people looks I've found that wherever there is one cockroach in plain sight, many more are lurking behind the corner out of view. Harry Markopolos cockroaches views sight The best thing you can say about offshore investors is that they're tax cheats in their home countries. Harry Markopolos cheat home country We have to take personal responsibility. The government didn't do its job when the institutions needed to be held accountable. If you see something's wrong, you can't just turn the other way. The regulatory system was totally rotten from top to bottom. Harry Markopolos personal-responsibility bottom responsibility A super-sized fraud of this magnitude was bound to happen given the lack of regulation of these off-shore entities. Harry Markopolos scandal regulation corruption I have ... spoken to the heads of various Wall Street equity derivatives trading desks and every single one of the senior managers I spoke with told me that Bernie Madoff was a fraud. Of course no one wants to take an undue career risk by sticking their head up ... The fewer people who know who wrote this report the better. I am worried about the personal safety of myself and my family. Harry Markopolos senior wall careers Now, a 45-degree angle is not something we deal with in finance. It's something you see in a high school geometry class. Performance like that has never been recorded in human history. Harry Markopolos finance high-school school We as the American people have to hold ourselves accountable because we didn't hold our government accountable. Harry Markopolos people The SEC now is 3500 chickens, and we need to get some foxes in there. Harry Markopolos scandal foxes needs Madoff Securities is the world's largest Ponzi scheme. Harry Markopolos madoff ponzi-scheme world If I see accounting fraud, I go after it. Harry Markopolos top-news GE's true debt to equity ratio is 17:1, not 3:1, which will undermine its credit status. Harry Markopolos business
