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A comment on Madoff whistleblower Harry Markopolos calls GE a ‘bigger fraud than Enron’. Parent comment

Re:Madoff whistleblower Harry Markopolos calls GE a ‘bigger ... by TheOtherHobbes on Thursday August 15, 2019 @11:41AM (#20706170)
Except when it is. See also Enron, the Trump "empire", Libor, gold price fixing, the 2008 crash, S&L, and many more.
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Re:Madoff whistleblower Harry Markopolos calls GE a ‘bigger ... by ryanjshaw on Thursday August 15, 2019 @11:42AM (#20706175)
Fraud != financial engineering.
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Re:Madoff whistleblower Harry Markopolos calls GE a ‘bigger ... by crispyambulance on Thursday August 15, 2019 @11:54AM (#20706292)
GE was once a mighty company with amazing technology and R&D.

Now they're a sad shell of what they used to be and consist of way too many bored finance people on a slowly sinking ship.

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Re:Madoff whistleblower Harry Markopolos calls GE a ‘bigger ... by jhayward on Thursday August 15, 2019 @04:35PM (#20709377)
Is that a definition, or a statement that financial engineering has nothing in common with fraud, or some other statement?

From my view the greater the degree of 'financial engineering' in a company's P/L the greater the likelihood that some kind of fraud upon the investor or business partner is being conducted.

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