Тёмный

General Electric whistleblower: 'I think I have a few smoking guns' Harry Markopolos reveals fraud 

Yahoo Finance
Подписаться 1,2 млн
Просмотров 486 тыс.
50% 1

Forensic Accountant and Bernie Madoff whistleblower Harry Markopolos discusses his 175 page report claiming General Electric committed $38 billion in accounting fraud.
Subscribe to Yahoo Finance: yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Connect with Yahoo Finance:
Get the latest news: yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: bit.ly/2LOpNYz

Опубликовано:

 

14 авг 2019

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 1,6 тыс.   
@jwhite1292
@jwhite1292 4 года назад
“Rule number one of investing is never buy into an accounting fraud” legitimately made me lol
@jwhite1292
@jwhite1292 4 года назад
mark traver those are all frauds as well. Gold and silver are the only safe investments rights now.
@bjxxx
@bjxxx 4 года назад
This guy needs to go after healthcare/hospital corporations.
@sonnymoon6465
@sonnymoon6465 4 года назад
That's for sure ! And government bureaucracy ! Soon !
@sonnymoon6465
@sonnymoon6465 4 года назад
Oh and main stream news agencies ! He will give them no slack for they are clearly attempting to destroy America !!!!!!!!!! And the people that pay them to do it are HUGE CRIMINALS !!!!!!!!!!!!
@bryanst.martin7134
@bryanst.martin7134 4 года назад
@ Insurance companies are usually the only one's being open, honest, and amazingly efficient. The pharmacology industry and AMA are the chief culprits of fleecing America for every Dollar saved. Insurance companies before Obama were operating at a profit while getting $1.45 per month per person insured. $15/year profit? No government can come close to that.
@Jay-sy5yf
@Jay-sy5yf 4 года назад
@@sonnymoon6465 lol nut.
@bryanst.martin7134
@bryanst.martin7134 4 года назад
@ Wrong! AMA defines a cure as a "Well managed Chronic ailment". Meaning you get to see the Dr a lot, and you will never be over it. Where is the profit in a cure? And to the Pharmaceuticals, no drug is really from nature. It must be invented from thin air so they can charge what ever the insurance companies will pay. Insurance companies were profitable at $1.45/mo per insured person profit margin. Government couldn't do that at 10 times the rate. But they never get an audit so the people can't know until it's all over and they are up Feces Creek.
@RodinThink28
@RodinThink28 4 года назад
Man, what a character this Harry fellow is. Notice, how the interviewers are left dumbfounded at his swift, direct, honest responses.
@trappedintime8273
@trappedintime8273 4 года назад
exactly
@Dondonden1234
@Dondonden1234 4 года назад
Yeah, no beat around the bush answers.
@Tconcept
@Tconcept 4 года назад
For sure they struggle to keep up with this guy, very impressive.
@Donovaan
@Donovaan 4 года назад
He also very skillfully dodged the risky questions.
@signalfire6
@signalfire6 4 года назад
@@Donovaan It's actually a lot like listening to Mueller talk. Only the facts and what he's allowed to talk about. When Gohmert when into a rant, the response was 'I take your question' which is Mueller/lawyer for 'my god you're an idiot.'
@ericp1139
@ericp1139 4 года назад
Protect this man at all costs.
@karmafairy351
@karmafairy351 4 года назад
I remember Harry Markopolos. If he says there is fraud you can bet your behind there is.
@KevinP32270
@KevinP32270 4 года назад
AGREED.
@levivv
@levivv 4 года назад
look at their stock price now. theres no fraud
@ROLLINGFANATICS
@ROLLINGFANATICS 4 года назад
big l they probably brought their own stocks with limit fear/panic . But 40% claimed over what they’re actually worth will fuck them but next year as economy goes down hill .
@KevinP32270
@KevinP32270 4 года назад
@@levivv this same scenario happened with ENRON before they went under and took everyone in the company with them.
@teddybetts3254
@teddybetts3254 4 года назад
Yeah, let's listen to him. Because nobody listened to him LAST TIME!
@masterdriveroftoyotazupr4164
@masterdriveroftoyotazupr4164 4 года назад
*GE: Those allegations are wrong* *Also GE: the CFO is resigning because need more family time*
@henryuta
@henryuta 4 года назад
Yeah, just like the Enron cfo was out right before the ship sank
@DBEdwards
@DBEdwards 4 года назад
I need more family time. But I work for a living
@actualideas8078
@actualideas8078 4 года назад
DB Edwards why not just run a Ponzi scheme? Way better way to make money
@boeingdriver29
@boeingdriver29 4 года назад
This guy is like an accounting machine. Clear, concise, articulate and factual. We need more like him.
@KP-dd2ci
@KP-dd2ci 4 года назад
I just think it's awesome to have a guy like this around truly cleaning the corporate swamp.
@davidarriola6412
@davidarriola6412 4 года назад
Make this guy a Senator, Hunt out the corrupt politicians lol.
@KP-dd2ci
@KP-dd2ci 4 года назад
@@davidarriola6412 Maybe a harder task to find the non corrupted ones - all democrat candidates (except for Sanders and Warren) are taking large donations from private donors on Wall St., even though they virtue signal with not taking PAC money.
@mns8732
@mns8732 4 года назад
As long as it's not Your swamp, right? Hey, loads of people are gonna get hurt so a few, very few, hedge funds reap profits. Say what you will; unless these employees are shipped overseas tax payers will suffer.
@redarrowhead2
@redarrowhead2 4 года назад
He's the batman of accounting
@jc4074
@jc4074 4 года назад
Yes sir.
@conanseibel4464
@conanseibel4464 4 года назад
No, the Rainman.
@Zer0cul0
@Zer0cul0 4 года назад
@G P more like the riddler probably
@wargriffin5
@wargriffin5 4 года назад
"WHERE IS THE OTHER MONEY GOING?"
@ALWAYSTHINK4YOURSELF
@ALWAYSTHINK4YOURSELF 4 года назад
Maybe he is shorting their stock
@shannonlove4328
@shannonlove4328 4 года назад
Stone cold finance nerd! Talks like an engineer or Friday from Dragnet. Wish more public figures talked like that.
@ccmcdoug
@ccmcdoug 4 года назад
dude just the way he talks is awesome
@MrJohnm1965
@MrJohnm1965 4 года назад
Shannon Love mr Harry markopolos the nerd you say! Is a former us special forces solider!!!!!!
@Darklord1201FTW
@Darklord1201FTW 4 года назад
Charles I was thinking how awesome the way he talks is too! So matter of factly
@Darklord1201FTW
@Darklord1201FTW 4 года назад
Shannon Love sounds more like an actor reading lines than a person creating replies in the moment lol
@ShidaiTaino
@ShidaiTaino 4 года назад
MrJohnm1965 special forces has lots of nerds
@davesmith9451
@davesmith9451 4 года назад
I really respect that Mr. Markopolos does not speculate but answers all the questions frankly and directly. He is so professional.
@robertradle1816
@robertradle1816 3 года назад
Amen!! Our health insurance is loaded with fraudulent issues and flat out fraud and is the only one that you pay faithfully and when you make a claim they try not to honor it in any way that they can. A terrible system that needs to be held accountable!!
@iantodd6840
@iantodd6840 4 года назад
He said the CEO probably can't read the financial statements! Lol, that's why he bought shares!
@jeanmanuforti
@jeanmanuforti 4 года назад
"... in this country it is considered useful now and again to shoot an admiral, to encourage the others".
@joefran619
@joefran619 4 года назад
always better to act stupid
@redwater4778
@redwater4778 4 года назад
Of course he can . What they show as write downs are bullshit . The Corporate elites receive the overspent money on the other side of the ocean.
@rhondad674
@rhondad674 4 года назад
No he did it to keep the fraud going because he was leaving with a $400 Million pension!
@denmarkfidelio2962
@denmarkfidelio2962 4 года назад
These were extremely hard questions... Markopolos knows his stuff... GE is in trouble...
@RichWinder-je5xn
@RichWinder-je5xn 4 года назад
Yep
@ctfinneman
@ctfinneman 4 года назад
@@RichWinder-je5xn GE is going to start vomiting sunshine
@pitech4446
@pitech4446 4 года назад
Markopolos is just another polo f*g, he's just trying to make money. GE makes those Jet engines, if u bring them down, there will be a whole bunch of job loss. This guy is just another DEM
@pitech4446
@pitech4446 4 года назад
@GreenIdLady 1 how is he saving people from losing their pension on this? if he bring them to bankrupt then the people will lose their pension. U do know GE is a great company that innovates new tech that is useful for the USA economy and the world right?
@soul6093
@soul6093 4 года назад
Phi Tech basis for your argument?
@camwalker1186
@camwalker1186 4 года назад
I love this guy. The corporate fraud bounty hunter. GE is going to zero.
@roxyraccoon8856
@roxyraccoon8856 4 года назад
cam walker, They're going to try to take him down, Elliott Spitzer style. If he gets too good and isn't protected, they'll go for the Jeffrey Epstein method - OR we could always go back to protecting whistleblowers.
@Dougie1969
@Dougie1969 4 года назад
@@roxyraccoon8856 Could Markopolos be doing a Smollet??
@roxyraccoon8856
@roxyraccoon8856 4 года назад
Douglas young, We could ask Madoff.
@blainepotskin1884
@blainepotskin1884 4 года назад
I have an assumption that companies don’t want to pay pensions any more. This is the start of the global meltdown jus say’n
@MrManuel1329
@MrManuel1329 4 года назад
Government won't allow this company to go bust they will bail them out
@thomaslakutis9045
@thomaslakutis9045 4 года назад
I like that guy! "Who wants to talk to the fraudsters." Great line.
@kapetannemo
@kapetannemo 3 года назад
Hahahahha I AGREE..
@konkyolife
@konkyolife 4 года назад
This is potentially the most professional, intriguing and level headed discussion I have seen on television. Wow.
@ryanshaeffer103
@ryanshaeffer103 4 года назад
You can tell this guy is really trying to protect people and we need more people like this taking down these corrupt corps
@jasperyu642
@jasperyu642 4 года назад
People? Who is he helping? His hedge fund friends that shorted GE stock! He is not protecting GE employees, not GE shareholders, not GE vendors or customers, not millions of people rely on GE for their retirement. GE is one of only few big manufacturing companies in this country. It is struggling and trying to turn around. If these allegations turn out to be not true (maybe it's true), this guy should be put in prison as he put too many people's life into risk.
@Newlinjim
@Newlinjim 4 года назад
Jasper Yu he is doing the job of the SEC. Investors have fled the markets because of fraudulent accounting not being addressed. I hope he goes after the bond rating agencies as well, our government regulatory agencies are a joke.
@ryanshaeffer103
@ryanshaeffer103 4 года назад
@@jasperyu642 if u actually listen to what he said was he was already investigating GE before the Hedge fund approached him, otherwise if there is collusion to manipulate the price of the stock that would be illegal. From knowing the cases this guy has unearthed i trust him, ive see documentary s on this guy and he is legit
@dementeduncle
@dementeduncle 4 года назад
@@Newlinjim The SEC is clearly not performing its regulatory oversight function of corporate financial statements. Time to have some enforcement action that includes prison time for executives who commit financial fraud......Let's take a look at Trump's tax returns while we are at it.....
@gwimmer98
@gwimmer98 4 года назад
Jasper Yu I don’t know man, bringing down Bernie Madoff in 2008 seems like a pretty good service to many people worldwide...
@thehauntedkeyboard5871
@thehauntedkeyboard5871 4 года назад
This man is a legend. He needs his own movie or a documentary that focuses on him.
@MilledSteel
@MilledSteel 4 года назад
He was in some of the Madoff documentaries iirc
@thehauntedkeyboard5871
@thehauntedkeyboard5871 4 года назад
@@MilledSteel I know, that's actually where I learned about him from. What I was trying to say was, that I would enjoy a movie/doc that goes over his life and other companies he took down. His book goes over his life briefly but not in any real detail and it focuses mainly on his attempts to expose Bernie Madoff.
@thehauntedkeyboard5871
@thehauntedkeyboard5871 4 года назад
@The Artist Formerly Known As Mr. Furly Then you don't know Harry's story. The guy was at one point so scared of being assassinated by Madoff that he bought a gun and got a real police office to train him how to use it. He would check his car for bombs and other shit. He was so paranoid but he didn't stop trying to expose what was going on. In the end Bernie Madoff didn't even know who he was. That would be such a good dark comedy. Playing with the audience making them wonder if the SEC is working with Madoff and if Harry is going to be okay in the end. Just to find out that everything he did amounted to absolutely nothing.
@thehauntedkeyboard5871
@thehauntedkeyboard5871 4 года назад
@The Artist Formerly Known As Mr. Furly "Rituals" He didn't do it before his involvement with Madoff and he didn't didn't do it after. "your attempt to make him seem interesting" I didn't make it up that's really what happened. And also the tone of the movie will dictate how much the screenwriters embellish. I can understand that you find him dull but his personality isn't what makes him interesting. It's the things he does. If he was to be wrong about GE that's going to be interesting, if he is right about GE and no one else could see it then that going to be interesting.
@ccmcdoug
@ccmcdoug 4 года назад
there will be in the future, for sure. Calling it now, it's gonna be on Netflix
@sebastiangeorge9252
@sebastiangeorge9252 4 года назад
I like how the interview starts: Interviewer: "So how did it come to be that you released this report now, in August 2019?" Markopolos: "Well, that's when we finished writing the report."
@MrExpert23
@MrExpert23 4 года назад
Sebastian George hahaha
@actualideas8078
@actualideas8078 4 года назад
Sebastian George haha and here we are telling the world
@johnnyhicks2386
@johnnyhicks2386 4 года назад
We need more people like him to protect us from these crooks .
@gregparrott
@gregparrott 4 года назад
He should look at trump's businesses, both here and abroad
@signalfire6
@signalfire6 4 года назад
@@gregparrott Trump's businesses are well into being taken down and exposed - pure money laundering for the Russian mafia. He'd be wasted on Trump. Better to have him expose all the other companies; start with the ones who are paying ridiculous amounts to their CEOs.
@gregparrott
@gregparrott 4 года назад
signalfire6 Good point. But, why not have 'strength in numbers'? Perhaps he can find additional angles to further hasten trump's 'exit'. It is REALLY scary to have an unstable criminal in charge of the military, let alone the 'Nuclear Football'. I hope someone was smart enough to provide bogus launch codes. Both the 'Panama Papers' and 'Paradise Papers' should be reviewed - Keywords: trump & all Russians tied to trump and their shell corporations
@actualideas8078
@actualideas8078 4 года назад
Johnny Hicks we can all do this
@Brock_Corb
@Brock_Corb 4 года назад
Also can we assign him a personal body guard? This mans doin the financial Lords work lol he needs to be protected
@CJZup16
@CJZup16 4 года назад
No doubt about that
@demetriusmiddleton1246
@demetriusmiddleton1246 4 года назад
Difference is he already spilled the beans! Smart man with going public!
@Brock_Corb
@Brock_Corb 4 года назад
@@demetriusmiddleton1246 agreed, but those smoking guns he mentioned hopefully arent turned on him before they see the light of day... That would be No Bueno
@demetriusmiddleton1246
@demetriusmiddleton1246 4 года назад
@@Brock_Corb I'm afraid you're right! When I commented I had only watched about the first 5 minutes. Around the 6-minute mark he started stalking about the things that he knows that only law enforcement knows as well. Now I'm with you, he needs a whole team of personal bodyguards!
@GoTommyBoy
@GoTommyBoy 4 года назад
It's already out there. If he was taken out everyone would know who it is.
@realsstates1180
@realsstates1180 4 года назад
Once again private individuals (Markopolos et al) are doing the work that the government (SEC) isn’t.
@MrJamesisawsome
@MrJamesisawsome 4 года назад
This man took down Bearnie Madoff when everyone else turned a blind eye...
@anthonyC214
@anthonyC214 4 года назад
All knowledgeable investors knew the Murdof was a crook. Only the greedy investors did not .
@JoaoSilva22222
@JoaoSilva22222 4 года назад
@@anthonyC214 EXACTLY! REAL INVESTORS SPOTTED MADOFF AS A FRAUDSTER LONG AGO!
@Gambit08
@Gambit08 4 года назад
Unfortunately he didn’t take him down the SEC ignored his 5 separate reports of accounting fraud that he submitted, before Madoff turned himself in.
@DidierPeroni
@DidierPeroni 4 года назад
@@anthonyC214 always easy to say, after the fact
@thomaspick4123
@thomaspick4123 4 года назад
Including the stupid Federal Government, which were inept.
@VP-wt5dv
@VP-wt5dv 4 года назад
Buffett sold his holdings a few years ago. He had to know.
@rightwingsafetysquad9872
@rightwingsafetysquad9872 4 года назад
Nah, he just saw a stock that hadn't increased in 10 years.
@wolfboy20
@wolfboy20 4 года назад
@ thats kinda his job tho
@buttmcbutt1647
@buttmcbutt1647 4 года назад
@ Yeah pretty much everyone in NYC knows about this stuff, but they all live in glass houses so they don't throw rocks. Madoff didn't surprise a single banker in Manhattan, they know better than to talk.
@MilwaukeeF40C
@MilwaukeeF40C 4 года назад
Buffett is smart and dumb at the same time, kind of like Trump.
@MilwaukeeF40C
@MilwaukeeF40C 4 года назад
@ There are a lot of old legacy companies like GE around the same age that won't be relevant forever and most of the ones that will fail will declare bankruptcy out of nowhere. That's the square way to do it.
@sp1nrx
@sp1nrx 4 года назад
Markopolos is *good!* I have never heard of him but this interview shows how sure he is of the data he using and his straight forward answers to the questions impress me.. The fact he's using public statements from GE is very damning.
@rubym357
@rubym357 4 года назад
Get his book No One Would Listen: A True Financial Thriller, he explains in nonthreatening language how Madoff's scam went and how he OVER TEN YEARS investigated him. There's also the documentary Chasing Madoff based off of it (there's some humor in it, if you're a math head you'll appreciate it), and if you get the book on Audible it's abridged, but Harry does some of the reading.
@WarReport.
@WarReport. 4 года назад
He warned people about Madeoff for years and no one listened
@chrissullivan8879
@chrissullivan8879 4 года назад
On his end, it's very damning. It means, he's being paid to destroy his reputation.
@WarReport.
@WarReport. 4 года назад
Like he said, he used their public financial statements as any investor or auditor would and he dug deep into it. I can't seem him doing it for a payday only. The dude actually cares for the public and hes right GE is fucked. They have a negative cash flow which is death. CASH FLOW IS KING YOU NEEE MONEY COMING IN OR YOURE DONE. Their current liabilities are greater than their current assets meaning they dont have enough cash to pay things like wages, current portion of long term debt like loans etc. They are the Titanic after hitting an iceberg and a U boat is taking aim to launch a torpedo at them.
@zDoubleE23
@zDoubleE23 4 года назад
Remember when GE got a $139B bailout?
@lifehope4603
@lifehope4603 4 года назад
The US govt made them take financial assets
@Aaronisification
@Aaronisification 4 года назад
No, when was this?
@lifehope4603
@lifehope4603 4 года назад
@@Aaronisification it was part of the deal. The deal should be struck under Hank Paulson. I recall reading the govt gave some to help with sale & it was suppose give amount $/yr to help. Its been so long since the financial crisis therefore the exact details I don't remember. The structure was something similar to what was discussed at the time.
@Miss_Cherry
@Miss_Cherry 4 года назад
Did they holy 💩
@walden6272
@walden6272 4 года назад
They going to get a second bailout. Tax payers will pay to keep a fraud company going. lol It's the America Dream.
@tiabiamama
@tiabiamama 4 года назад
Harry Markopolos is a great American.
@tspidey007
@tspidey007 4 года назад
Agree!
@chrisdoe3642
@chrisdoe3642 4 года назад
He wrote in his book: "If [Madoff] contacted me and threatened me, I was going to go down to New York and take him out. At that point, it would have come down to him or me, [and] I felt I had no other options: I was going to kill him." Yep its official hes a badass
@jarronjackson6670
@jarronjackson6670 4 года назад
Good job Harry. Expose the frauds
@parkerbohnn
@parkerbohnn 4 года назад
@Ballers Anonymous Nothing goes to zero in a straight line. My brother-in-law owns shares in GE that's how I know they'll go bankrupt.
@MrShanester117
@MrShanester117 4 года назад
I bet 70% of all Fortune 500 companies have this level of dirt in their accounting
@JayVal90
@JayVal90 4 года назад
This is what you go to accounting school to learn.
@LongToad
@LongToad 4 года назад
Yeah, and this is just talking about the illegal stuff. Multiply this by all the stuff they're actually allowed to get away with :/
@MrShanester117
@MrShanester117 4 года назад
ThePresentation010 I legit just watched that movie like 3 days ago. Feghetabouttit
@baj6dallas
@baj6dallas 4 года назад
that's not going to be the case because not all the fortune 500 companies are selling insurance, in fact he listed other companies that were selling insurance at a profit.
@MilwaukeeF40C
@MilwaukeeF40C 4 года назад
There would be far more frequent failures if that were the case.
@hailo1884
@hailo1884 4 года назад
"The next chapter in GE's history is Chapter 11." Thug Life
@parkerbohnn
@parkerbohnn 4 года назад
And all of GE's appliances new and used in the city dumps.
@MilwaukeeF40C
@MilwaukeeF40C 4 года назад
@@parkerbohnn Didn't they sell off most of the appliance properties?
@projectanimatedstories876
@projectanimatedstories876 4 года назад
Savage
@MikeYoungeasytravel
@MikeYoungeasytravel 3 года назад
This is a direct result of the disastrous Six Sigma philosophy! Remember Six Sigma, DMAIC, & Black Belts kills innovation and destroys companies. Friends don’t let friends use SIx Sigma!!!
@paulcolburn3855
@paulcolburn3855 3 года назад
Its almost 2 years now. There is still a GE. No bankruptcy. I think he got it right with Enron but with GE? Meh. Not clear yet now is it?
@yoransom
@yoransom 4 года назад
Geez imagine working for them for 40 years and then watching your savings tank.
@kkrobertson1
@kkrobertson1 4 года назад
Every major corporation is or will be doing this! They want people to work forever!
@dennisgrant4266
@dennisgrant4266 4 года назад
I worked for GE 22 years and lost most of my savings in 2008
@MilwaukeeF40C
@MilwaukeeF40C 4 года назад
Pensions are gay. Pay me straight up.
@OMGAnotherday
@OMGAnotherday 4 года назад
Man Ransom - not just employees, many people will have pensions with companies that have bought GE shares! This could be massive!
@OMGAnotherday
@OMGAnotherday 4 года назад
Dennis Grant - Sooooo Sorry! I have lost savings, but not all of them, I should be retired, but still working ☹️
@brunyjacob4456
@brunyjacob4456 4 года назад
He uses their words against them but yet GE CEO is crying bloody murder.
@KevinP32270
@KevinP32270 4 года назад
exactly.
@karlaitchison1159
@karlaitchison1159 4 года назад
Brillant cant have a come back on that
@nezb01
@nezb01 4 года назад
I predict 0 years in jail. You will hear a lot of talk then they will walk.
@niallormond6972
@niallormond6972 4 года назад
GE saying he should have spoken with them before he went public , Imagine bernie Madoff saying the same thing haha
@__-pl3jg
@__-pl3jg 4 года назад
Niall Ormond - Yup... GE - "Thanks for coming to speak with us..." Markopolos - "Why is there plastic on the floor?" GE - "Dont mind that, we're just doing some remodeling in this basement"
@HurricaneGaming509
@HurricaneGaming509 4 года назад
@@__-pl3jg lmao
@suprcrzy
@suprcrzy 4 года назад
@@__-pl3jg - Then cut to Robert DeNiro inside of a phone booth crying and slamming the phone down!
@nolaclarke253
@nolaclarke253 4 года назад
Can he audit the Federal Reserve?
@thomaspick4123
@thomaspick4123 4 года назад
Please, pretty please!
@davidporowski9512
@davidporowski9512 4 года назад
Audit with RICO grand jury, please? (assume They Are ALL Crooks!!)
@signalfire6
@signalfire6 4 года назад
And the Pentagon.
@normbograham
@normbograham 4 года назад
The Federal Reserve simply loans out a $1, with a promise to repay $1.04, and then eventually takes a pool of these promises, and like any good leverage buys it at $1.10 (so, they are eating their own cooking). If they cannot sell the new debt, they print it anyway, like there are no problems.
@ozzysgarage
@ozzysgarage 4 года назад
Damn, grab the popcorn. It's about to go down!!
@Stoneface_
@Stoneface_ 4 года назад
Ozzy GE isn’t going down!
@phoenixzappa7366
@phoenixzappa7366 4 года назад
Nah no way
@Dougie1969
@Dougie1969 4 года назад
@GreenIdLady 1 Just because he "brought Madoff down", doesn't mean he is being truthful himself.
@paraguaymike5159
@paraguaymike5159 4 года назад
Ozzy Hope it crashes the whole market. I love it when investors lose money.
@rubym357
@rubym357 4 года назад
@@Dougie1969 Improve your literacy read his book or watch the documentary it was based off, Chasing Madoff. My suggestion is you dump your stock, no more defense contracts, and if the assholes in the Senate want to get re-elected no bailout. Congressional hearings will be fun though. I swear only wannabe venture capitalists say crap like that.
@Tconcept
@Tconcept 4 года назад
I have no idea to the story here, but that guy is brilliant, wish we had someone like that here in the UK.
@meyimagalot9497
@meyimagalot9497 4 года назад
In UK he would be already in prison after several attempts on his life. UK is a banana republic in the law and justice department. They would go full Assange/Robinson on him, they love literally slowly killing whistleblowers. They would cook a story about him being publikc enemy no.1 and a terrorist in white gloves. No thanks. Every sane person with minimum appreciation of being a citizen, not a sheep, should stay away from that cctv/banana laws/knife powered shithole
@ordinaryguy6869
@ordinaryguy6869 4 года назад
This guy Harry Markopolos exudes confidence. Those whom he is investigating must be shaking in their shoes.
@thebritishindian1
@thebritishindian1 4 года назад
It makes me happy and hopeful to know that there are still good people on this earth in this time of evil
@jayyyzeee6409
@jayyyzeee6409 4 года назад
10-20 years in prison for the CEO and CFO.
@Thinksterboomster
@Thinksterboomster 4 года назад
On the hook again.... big wigs at GE on the yachts....taxpayers on the hook....
@shaggymcshaggison9751
@shaggymcshaggison9751 4 года назад
I genuinely fear for this gentlemans safety after this..he should take security precautions! He is an extremely brave man and we should all be thankful that people like this still exist in the world.
@loralieisa
@loralieisa Год назад
He survived his Madoff investigation, and lets hope he continues his charmed investigations.
@SecondComingTwice
@SecondComingTwice 4 года назад
"He didn't talk to us first?" Probably can't imagine anyone who isn't corrupt and had a bribe in mind.
@stevenbuck07
@stevenbuck07 4 года назад
American brand of capitalism, right?
@payopedro1188
@payopedro1188 4 года назад
All the power companies are at it, along with literally every corporation. Corruption has become the norm.
@ianj705
@ianj705 4 года назад
Payo Pedro and if you don’t like it, you’re a communist
@payopedro1188
@payopedro1188 4 года назад
@@ianj705 Communism is corruption, lol
@kwamebushman606
@kwamebushman606 4 года назад
Corruption was always the norm, you just didn’t notice.
@AS-qj6zf
@AS-qj6zf 4 года назад
Payo Pedro Communism is just a red herring... haven’t you seen that movie Clue?
@payopedro1188
@payopedro1188 4 года назад
@@AS-qj6zf According to Rabbi Weiss Communism is Judaism.
@jeremylawrenceamadehilledw6515
@jeremylawrenceamadehilledw6515 4 года назад
"I think that's the next chapter in GE's history." Chapter 11. BYAAAHHHHH!!!!
@parkerbohnn
@parkerbohnn 4 года назад
Tens of thousands of U.S. companies will follow in their footsteps. The whole U.S. corporate accounting is just one big fraud to see who can cheat the most.
@inquirer1016
@inquirer1016 4 года назад
That was funny and very well could come true.
@w8stral
@w8stral 4 года назад
Of course. Same thing happened in Honeywell/Allied Signal/United Technologies. Pension absurdities and the fix? merge/ch 11 wiping out pensions. Far as I am concerned: Pensions are a scam. Deferred income more than 7 years in the future should be outlawed. Nothing but theft from your children holding them down so you can sit your fat ass on a beach for 20+ years doing NOTHING productive.
@venomq2409
@venomq2409 4 года назад
He is the master of not getting baited on questions with speculative responses that he could go on the hook for. For sure he tucks them into his socks.
@getrealbefree9246
@getrealbefree9246 4 года назад
AMEN!!! Thank you so much for your courage and integrity!!! God Bless You!!!
@limanlyons350
@limanlyons350 4 года назад
He's like Rambo with his lethal calculators!
@r.b.l.5841
@r.b.l.5841 4 года назад
Imagine all those guys that worked hard their whole life and THOUGHT they could rely on their solid pension. GE SEARS
@davewhite756
@davewhite756 4 года назад
@A Z you dont get the full amount though
@Miss_Cherry
@Miss_Cherry 4 года назад
Those WERE the go to's. Now its fakebook
@rneedham667
@rneedham667 4 года назад
Eddie lambert and steven mnuchin siphoned billions out of sears, causing them to file bankruptcy.sears is now going after these two soundrels who should be in prison, only Kamala harris would Not prosecute them. Mnuchin also helped take innocent peoples homes in ca. Foreclosing on an elderly woman who owed the bank less than a dollar!!! Harris did nothing! And mnuchin is in the trumps swamp.
@r.b.l.5841
@r.b.l.5841 4 года назад
@A Z If these pensions are then that is socialism - the government covering the debts of a private corporation. Meanwhile there are many examples of corporations in trouble that turn to the employees and get them to pledge their pension money to prop up the business, only then to squander those funds to a select few top CEO CFO management types and then let the corporation burn.
@j.rob.5943
@j.rob.5943 4 года назад
Dave White most will. Very high income earners would not.
@s1u8n
@s1u8n 4 года назад
Wow! All the CFO's better be checking under their bed for Markopolos before going to sleep. You are the hero that I never knew I needed.
@rasulbogdan6639
@rasulbogdan6639 4 года назад
Pressure is nothing when you hold the truth. The next chapter in GE history is chapter 11. This guy is a Savage!
@javiersp15
@javiersp15 4 года назад
Man I wish I was as eloquent with my train of thought as Henry. Once he gets going he doesn't even stutter.
@DoomTubePorn
@DoomTubePorn 4 года назад
the swiftness, absurdness and specificity immediately made me know this dude is for fucking real. GE is going to die.
@Renould2010
@Renould2010 4 года назад
Great Job, Harry the American people need’s a Bailout. Great work I sold all my GE’s Shares last year. 💯
@imemine7
@imemine7 4 года назад
This is astonishing, I just watched a news interview where knowledgable interviewers asked relevant questions; the interviewee answered every question, answered the actual question asked, answered directly and confidently, and actually seemed to know what they were talking about. Have I just gone back in time, or entered an alternative universe?
@leifjohnson617
@leifjohnson617 4 года назад
Harry Markopolos should be made the head of the SEC.
@georgerasmutin699
@georgerasmutin699 4 года назад
Now your cooking with conola oil
@actualideas8078
@actualideas8078 4 года назад
Leif Johnson the SEC should be dissolved. And marks polos should write a new constitution
@WestOfEarth
@WestOfEarth 4 года назад
Top notch financial reporting all around.
@joeblow9657
@joeblow9657 4 года назад
I didn't know Yahoo financial news could do quality journalism
@dougdownunder5622
@dougdownunder5622 4 года назад
No notes. Facts numbers reeled off No hesitation Concise. Specific Compare him to the politicians. I find him completely credible
@actualideas8078
@actualideas8078 4 года назад
Doug Down Under he is like James Madison to me
@jpducati916
@jpducati916 4 года назад
Ge doesn't have to talk him, just prove him wrong, if they can
@theodorecastro4458
@theodorecastro4458 4 года назад
If this is true and GE has to go out of business, I pray the government doesn't bail them out with taxpayer funds.
@mylesgray3470
@mylesgray3470 4 года назад
Theodore Castro I’m willing to bet they go under and get bought up at pennies on the dollar. They are far too big to just disappear. Maybe Amazon will buy them.
@TheLofiDragon
@TheLofiDragon 4 года назад
Same
@lifehope4603
@lifehope4603 4 года назад
@Othee Death the govt is involved with GE taking on the financial branch - ask Hank Paulson.
@KevinP32270
@KevinP32270 4 года назад
@@mylesgray3470 great point.
@jeremylawrenceamadehilledw6515
@jeremylawrenceamadehilledw6515 4 года назад
You mean like we did in 2008 to the tune of $182.5b? Yeah, bet you forgot about that...
@lematindesmagiciens8764
@lematindesmagiciens8764 4 года назад
Paper shredders must be running full tilt at the GE headquarters !
@signalfire6
@signalfire6 4 года назад
At the Kremlin, they could tell when a new guy was coming in and the old guy was getting his chest ventilated by the smoke coming out of the chimneys as they burned all the records.
@d10fel
@d10fel 4 года назад
We need more people like Markopolos in the world. True heroes. He and his team can only do 1 case a year.
@R1chardH
@R1chardH 4 года назад
Love how this guy answers questions.....imagine the amount of BS cut out here.
@219garry
@219garry 4 года назад
Going to zero! Once they go bankrupt and get rid of their obligations they will make a comeback. But, current shareholders are screwed. Bought puts today and will continue to buy puts all the way down
@parkerbohnn
@parkerbohnn 4 года назад
There's nothing wrong with doubling your money. If fact GE should come out and tell everyone they're going bankrupt, the sooner the better.
@round12tko
@round12tko 4 года назад
GE gives "revenues and profits with no expenses in between". hahahahahahaha. It's called cooking the books
@doloreschansey9556
@doloreschansey9556 3 года назад
So a few months after this originally aired, GE settled their case and agreed to pay $200 million in December. A lot of news articles have headlines that read that this guy guessed wrong, which is not correct. What he got wrong was that they haven't gone bankrupt yet, however, they paid $200 million, which innocent companies and their CEO's and CFO's do not do. Their CFO also resigned shortly before this.
@PeteOnTheRocks
@PeteOnTheRocks 4 года назад
This guy actually answers questions in a concise & intelligible manner. Politicians please take note.
@andrewfreeman8627
@andrewfreeman8627 4 года назад
It's not the GE appliances, its their Long Term Care policies their insurance arm wrote. Preview of things to come for over promised state governments.
@twaters57
@twaters57 4 года назад
Haier in China bought GE Appliances for US$5.6 billion in June 2016.
@parkerbohnn
@parkerbohnn 4 года назад
It's the U.S. and world economy turning to ashes. They'd go chapter 11 even if they were an honest run company.
@Zen_Power
@Zen_Power 4 года назад
Bruce Wayne step aside we have the real dark knight.....
@MrRichard57000
@MrRichard57000 4 года назад
haha...cool.
@MeandBee
@MeandBee 4 года назад
😆
@inquirer1016
@inquirer1016 4 года назад
The bounty hunter of Wallstreet. Gotta love this guy who is a champion for the small investors unlike the SEC.
@stevenbuck07
@stevenbuck07 4 года назад
Champion for the small investor? We have yet to see one that's ever been given a chance. 2020?
@seapeajones
@seapeajones 4 года назад
I love this man's taciturn savagery.
@gwimmer98
@gwimmer98 4 года назад
Isn’t he the guy who brought down Bernie Madoff?
@KevinP32270
@KevinP32270 4 года назад
exactly.
@walden6272
@walden6272 4 года назад
And Enron.
@vinyllpreviews9462
@vinyllpreviews9462 4 года назад
He reported Maydoff numerous times, but the SEC never responded. They probably listen to him know.
@corcaighrebel
@corcaighrebel 4 года назад
Markopolos - living legend.
@cosmicpuma1409
@cosmicpuma1409 4 года назад
We need someone like Mr Markopolos in my country. In fact, we need more people like this in the world, in general. Intelligent, knowledgable and has the integrity lacking in so many people today. #FullSupport
@judyevancic4926
@judyevancic4926 3 года назад
This country is so corrupt economically... we never learn from history...
@walterkiel552
@walterkiel552 4 года назад
Bernie Madoff was just the beginning... *Go Get Em, Harry Markopolos !!*
@walterkiel552
@walterkiel552 4 года назад
@Mario Cantani And the U.S. Gov. continues to run the biggest Ponzi Scheme the World has ever known... $4 Trillion per year and $22 Trillion in Debt with Trillions of Dollars that go missing. *End the Fed !!*
@danworley3806
@danworley3806 4 года назад
Excellent information.Harry Markopolos doing good things for society. Your interview too fast paced for asorbing.
@biglakewheeler
@biglakewheeler 4 года назад
That dude seems like the sharpest guy I will ever meet. It’s like he knows the most perfectly spoken answer before the question is even asked.
@baskaransundarsundar685
@baskaransundarsundar685 4 года назад
Hats Off Man.. Harry Markopolos.. You are a HERO.. Great Respect for you Man..
@Bobby_Strange
@Bobby_Strange 4 года назад
Misleading headline. A whistleblower has inside direct knowledge and potential for repercussion by their employer. This is an independent investigation of public information that does not have the full picture.
@pbowes5
@pbowes5 4 года назад
Dustin M he should probably run it by GE CORP Com - good point /s
@pb6316
@pb6316 4 года назад
He's the Edward Snowden of accountants.
@oldfan1963
@oldfan1963 4 года назад
My former husband worked for GE for 30 years (1980 - 2010).. At that time, GE was known as "Generous Electric" for their massive benefits program. He was recruited out of the University of PA Astronomy/physics department's PhD program. So, he was with them long enough to see GE morph into Lockheed Martin(. He worked on projects and required Top Secret clearance. With all the cuts to benefits over the years, he had accumulated 3 weeks of vacation. His pension had been replaced by a 401k . He settled for early retirement , 2 years of medical coverage (for which he paid about $800/per month for both of us), and 1 year's salary. It may sound very good these days, but it was a far cry from the promises of 1980.
@fitawrarifitness6842
@fitawrarifitness6842 4 года назад
How long before Markopolos is Epsteined??
@infidelapostate3094
@infidelapostate3094 4 года назад
[Ep`steen] _verb_ to commit Hari Kari like a Harry Houdini
@mahartma
@mahartma 4 года назад
Great panel, compare this to the Fox coverage or the wallstreet clown of nbc
@joedanero5360
@joedanero5360 4 года назад
I thought the same thing.. It was a great panel.
@peterbradshaw8018
@peterbradshaw8018 4 года назад
Actually nothing new here about the turn of the century some Lord Kylsant in England went to prison for earnings manipulation. Word on the street everyone in the c suite was horrified as everyone was doing it.
@peterbradshaw8018
@peterbradshaw8018 4 года назад
No they had to ask hard question. No matter the track record they still have to interrogate the issue. They do not want a Johnathan Lebed case.
@breabanm
@breabanm 4 года назад
Markopolos just exudes experience, confidence and deep knowledge on the subject matter. He almost makes me go try accounting!
@windskm
@windskm 4 года назад
For real, he makes me wanna be a little like him lol
@taiuqsab
@taiuqsab 4 года назад
Love the head tilt as he answers each question. So unbothered l! I love it
@VMKinnovations
@VMKinnovations 4 года назад
DAAAAMN...we need a few hundred like this man!!!
@SimonSozzi7258
@SimonSozzi7258 4 года назад
Didn't WE bail them out? When do WE get a BAILOUT?
@jeremylawrenceamadehilledw6515
@jeremylawrenceamadehilledw6515 4 года назад
Sanders 2020. Register to vote. Make sure your friends and family vote for him in the primary.
@oldsjunkie1
@oldsjunkie1 4 года назад
@@jeremylawrenceamadehilledw6515 LOL. You have to be kidding...
@SimonSozzi7258
@SimonSozzi7258 4 года назад
Make sure everyone is REGISTERED DEMOCRAT because they hold "Closed Elections". Both of my parents couldn't vote for Bernie in 2016 because they were registered "Independent".
@SimonSozzi7258
@SimonSozzi7258 4 года назад
The Primary is "Closed Election"...for the General you can vote for whoever you want. Primary, you have to be Registered Democrat to vote for the Democratic of your choice. Ita
@parkerbohnn
@parkerbohnn 4 года назад
@@oldsjunkie1 The "Rubber Room" awaits you. Where did your parents go wrong?
@kalbs89
@kalbs89 4 года назад
Nothing will happen to the largest US defense contractor.
@sonnyandreotte5721
@sonnyandreotte5721 4 года назад
now thats a really good response!! very 4d chess, bet you anything that if he follows this financial rat hole itd lead him to the massive 22 trillion that the dod and pentagon is hiding with massive,MASSIVE, accounting fraud. The tr3-b aint cheap folks.
@hagdore
@hagdore 4 года назад
The largest US defense contractor is Lockheed Martin, not GE.
@07wrxtr1
@07wrxtr1 4 года назад
You mean the corporate owned government will not bite the hand that feeds it? Ya don’t say!
@LostInThe0zone
@LostInThe0zone 4 года назад
The alleged fraud is purported to be in the insurance division.
@stevef4010
@stevef4010 4 года назад
@@hagdore Exactly. More than likely Lockheed and others will buy GE assets at fire sale prices after they file Chap 11
@RajkumarMahendran
@RajkumarMahendran 4 года назад
Harry Vs 4 reporters. All answers to the point. This man know what he is speaking.
@parkerbohnn
@parkerbohnn 4 года назад
Harry Markopolos should be nominated or put up for a Nobel prize.
@jimothyus
@jimothyus 4 года назад
This guy is a genius
@GetFitPhil
@GetFitPhil 4 года назад
Well get ready for 200,000 + Unemployed people.......
@DoomTubePorn
@DoomTubePorn 4 года назад
Making America great again!
@07wrxtr1
@07wrxtr1 4 года назад
Hey moron. It doesn’t matter whether it’s Republican or Democrats at the helm. BOTH are there to enrich the corporations. Your corrupt congress is to blame. But way to pick a side, because that’s EXACTLY what they want out of your 2 braincells. ALL of the major problems we have now are due to corporate values being applied to society Learn to think for yourself for once
@parkerbohnn
@parkerbohnn 4 года назад
I can GETZ my exercise with the steel toe of my boot up all 200,000 of their arses! Keeping in shape whilst reaming their deserving arseholes with my boot/boots.
@dpie4859
@dpie4859 4 года назад
This is EPIC! its rare a finance report makes me filled with joy. I love how he is so brutal in his comments.
@jeffdaley9219
@jeffdaley9219 4 года назад
Thank you for the good work! Keep calling out corruption.
@lifehope4603
@lifehope4603 4 года назад
Should change the law about the stature of limitations -ex 6 yrs
@jeremylawrenceamadehilledw6515
@jeremylawrenceamadehilledw6515 4 года назад
Agreed.
@ARK1phil
@ARK1phil 4 года назад
This fellow; Harry Markopolos is very interesting, he takes his work seriously. .. I hope we hear more from him.
@mskimberly7777
@mskimberly7777 4 года назад
Why should the US gov come in and save? It's tax payer money. We are sick of corruption.
@cogen651
@cogen651 4 года назад
I'll bet GE isn't the only one, same thing kind happened with Enron.
Далее
Opening Statement of Harry Markopolos
12:20
Просмотров 39 тыс.
FUN&SUN | Update 0.29.0 Trailer | Standoff 2
02:32
Просмотров 979 тыс.
Michael Lewis: Nobody Understands the Stock Market
13:20
Goldman Sachs VP explains why he quit
13:29
Просмотров 1,4 млн
Steve Bannon and Kyle Bass on China trade deal
13:58
Просмотров 516 тыс.
The Man Who Knew
13:51
Просмотров 2,4 млн
WeWork - The $47 Billion Disaster
19:58
Просмотров 5 млн
Ray Dalio's Lessons From The Financial Crisis
23:57
Просмотров 704 тыс.