Madoff criticism simplistic

February 26, 2011

I agree with the Joseph Ganem's premise that it is vital to ask questions ("Lessons from a swindler Madoff's scam shows we are good at answering questions - less so at asking them" Feb. 24). However his presentation is too simplistic because he doesn't mention that you have to know something about a subject before you can ask an intelligent question. His example of Mr. Markopolos'questioning of the purchase of options as Madoff's technique, requires that Mr.Markopolos knew that the flaw in Madoff's system was that he had to purchase more options than existed. It seems to me that Mr. Markopolos needed this very sophisticated knowledge in order to ask his question and this should have been stressed by Mr. Ganem.

Gerson Kaplan, Columbia

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.