Comments on: Markopolos eyes a fortune from BNY whistleblowing http://blogs.reuters.com/felix-salmon/2011/10/12/markopolos-eyes-a-fortune-from-bny-whistleblowing/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Mbuna http://blogs.reuters.com/felix-salmon/2011/10/12/markopolos-eyes-a-fortune-from-bny-whistleblowing/comment-page-1/#comment-31829 Fri, 14 Oct 2011 09:07:28 +0000 http://blogs.reuters.com/felix-salmon/?p=10477#comment-31829 “Is there some kind of rule which says that whistleblowers can’t or shouldn’t short the company they’re shopping to the government?”

Well the banks are free to short anything they’re peddling to the government or any of their clients, so why shouldn’t whistleblowers have the same privileges? This could be the beginning of a fantastic bank back stabbing market with whistleblowers being recruited by the dozens. With the nearly unlimited fraud going on, this is a whole new market waiting to be utilized. I think Markopolos should incorporate and do an IPO and this could be the start of a whole new business sector, creating more jobs and helping to solve the unemployment problem. How about it Felix?

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By: sanitychecker http://blogs.reuters.com/felix-salmon/2011/10/12/markopolos-eyes-a-fortune-from-bny-whistleblowing/comment-page-1/#comment-31778 Thu, 13 Oct 2011 14:31:57 +0000 http://blogs.reuters.com/felix-salmon/?p=10477#comment-31778 “If this tactic ends up paying huge dividends for Markopolos, Wilson, and their team, I also wonder whether the whistleblower space might not start getting a bit more crowded…”

One can only hope.

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By: byrneseyeview http://blogs.reuters.com/felix-salmon/2011/10/12/markopolos-eyes-a-fortune-from-bny-whistleblowing/comment-page-1/#comment-31765 Wed, 12 Oct 2011 22:09:57 +0000 http://blogs.reuters.com/felix-salmon/?p=10477#comment-31765 This comes up in any kind of whistleblower discussion: whistleblowers who know they have a lock on a complicated case have a massive incentive to let the fraud grow as large as possible. Perhaps there are plenty of savvy whistleblowers who are carefully “farming” equivalent schemes.

When Bear Stearns implemented an internal whistleblower bounty in the 80’s, they quickly put a cap on it based on this principle (at least according to “Memos from the Chairman”).

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By: SohoD http://blogs.reuters.com/felix-salmon/2011/10/12/markopolos-eyes-a-fortune-from-bny-whistleblowing/comment-page-1/#comment-31754 Wed, 12 Oct 2011 18:27:49 +0000 http://blogs.reuters.com/felix-salmon/?p=10477#comment-31754 It would be such a great thing for our country if whistleblowing became a viable business. Ironically, privatizing regulatory enforcement would seem to be a crucial supplement to agencies like the overburdened and captured SEC.

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By: upstater http://blogs.reuters.com/felix-salmon/2011/10/12/markopolos-eyes-a-fortune-from-bny-whistleblowing/comment-page-1/#comment-31749 Wed, 12 Oct 2011 17:31:40 +0000 http://blogs.reuters.com/felix-salmon/?p=10477#comment-31749 If Markopolos manages to get a princely sum for himself and his whistleblowers, that is fair justice.

BNY Mellon is a financial parasite, systematically sucking off pennies from its custodial clients — like all TBTF banks. They are thieving crooks that run their business under the guise fiduciary propriety. Just a different flavor of Madoff.

I agree with Markopolos — the outlaw banksters should be treated as financial terrorists. They created the great recession and are the ones demanding austerity throughout the world. Not a single bank has paid the price for their malfeasance.

If corporations are persons, then they should be subject to Rick Perry’s Texas death panalty. BNY Mellon, Citi, JPMorgan, and Goldman are good places to start.

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