I am so incredibly excited for you all to see this interview

This is going to be a long-lived, valuable interview. It's like those fraud documentaries. Honest commentary from the inside.

Thank you both for letting Cynthia run long on answers. She is compelling presenter. At the time the company I worked for was a Worldcom customer (from MCI) and as IT executive I was responsible for those contracts. I read in-depth media coverage at the time, but never read Cynthia's book. This interview was an extended excerpt and very interesting.

Amazing episode, thank you to all involved

my jaw dropped when I saw you guys were interviewing Cynthia Cooper. Major congratulations on the great episode!

@CryptoCriticPod

Жыл бұрын

Thank you!

I loved this interview. I almost never get to hear other auditors on mainstream podcasts

She is absolutely brilliant.

I watched an interview with a billionaire just before this interview. HE WAS VERY SUCCESSFUL DURING THE MANY YEARS OF FREE MAGIC MONEY. Now his complaint was about all of the disasters that ending Magic Money is creating!

@endodouble6691

Жыл бұрын

No fair, you guys turned off my money printer :((

WorldCom, JDS Uniphase, CMGI, Lucent, Nortel. They and many others seemed like sure bets. You don't know until the bubble is over which of the hundreds of stocks will be the big winners.

This is super fascinating. Great job guys. This is my favorite episode to date.

WorldCom, to my recollection, was the best performing stock of the 1990s decade. So it's a prime example of not assuming that just because a company has been around a decade or more, that it should be a "permanent holding" for you. Thank you for giving the interview and thanks Cas and Bennett for educating some of the viewers who aren't familiar with the WorldCom story.

@CryptoCriticPod

Жыл бұрын

You are correct! It was the best performing

@TheGotoGeek

Жыл бұрын

There’s a couple of current stocks that come to mind that fit this description.

This channel has some of my favourite interviews and guests. I hope that I'm able to find that podcast mentioned at the end for Cynthia.

@CryptoCriticPod

Жыл бұрын

Thank you! I don’t think she’s released any episodes yet

@fakename1656

8 ай бұрын

​@@CryptoCriticPodif she does can you link it. Can't find it anywhere

This was actually riveting. Gripping accounting stories, who woulda thunk. Ms. Cooper is remarkable.

"The rule of ten" - I almost spit out my water. Priceless. Who ever said accounting is boring.

Can't wait. This is gonna be a good one.

Awesome ep. Congrats on landing the interview!!

What a mindblowing story, literally sounds like the plot to a movie!

@CryptoCriticPod

Жыл бұрын

I think it could make a very compelling movie

@unclvinny

Жыл бұрын

@@CryptoCriticPod As long as Aaron Sorkin doesn't write the script, I'd watch!

What a fantastic double interview! Looking forward to Cynthia’s upcoming podcast as well.

Looking forward to this! 🤯

This was an excellent interview and provided great insight into how mgmt tried to obfuscate the controls within WorldCom

@CryptoCriticPod

Жыл бұрын

Thank you!

Great interview. thank you for sharing

Extremely interesting and informative. Crazy to hear about these real life stories.

Super stoked for you guys, excellent interview

@CryptoCriticPod

Жыл бұрын

Thank you!

What a fantastic interview.

@CryptoCriticPod

Жыл бұрын

Thank you

She's pretty damn amazing 💪.. Excellent interview Fellas 👏✌️😉

@CryptoCriticPod

Жыл бұрын

Thank you!

Thanks!

Both these guests were great, but Cynthia Cooper is awesome, props for getting them on your podcast!!

No market has ever « self-regulated ». Ever.

Outstanding program...I learned so much from this! Thankyou.

I was so looking forward to watching when I saw you did this interview - it was everything I was hoping for and more. Seriously well done!!

@CryptoCriticPod

Жыл бұрын

Thank you!

interesting to see how Bernie Evers and Ken Lay both leveraged their stock/stock options in order to purchase other assets rather than actually diversifying (Ken Lay was far stupider in his choices of assets) and then get in trouble with how they dealt with margin calls.

This woman is what a church-going conservative *ought* to be. The rare Christian who is, uh, somewhat Christian. They seem to have gone largely extinct -- some time around Ev and Charlie maybe? Blessings and more power to Cynthia Cooper! And the very few like her!

It’s actually so funny I found this video because my professor actually used to work at Solomon smith and Barney and worked down the hall from Jack Grubman and we literally spent last week talking for close to 2 hrs and he literally spent a good 30 minutes just on stories about him from when they worked together he’s actually crazy from what my prof was telling me and an incessant liar

Excellent episode, I learned a lot 👍👍👍

@CryptoCriticPod

Жыл бұрын

Glad you enjoyed it!

The amount of pressure must have been intense

Major Skyler White vibes (without the money-laundering for a drug-manufacturer part)

Banger

Thank you, Bennett and Cas. You guys always provide valuable informative content!

Great interview very interesting

@CryptoCriticPod

Жыл бұрын

Thank you!

Daren Firestone is the definitive "would you be my dad please" person in the world. 90s family movies couldn't invent him. I am not surprised he ended up in this career!

yassss long episode so excited

1:38:08 Great! 🙄. Now I need to look up what the heck the “Panama Papers” are. Into the rabbit hole we go!!! 🐇 🕳️

@mmm-cake

6 ай бұрын

Well do tell

Holy shit y'all are making some serious moves

This was great

Just a suggestion and a shoutout, but get Emile P. Torres on the podcast! They're a researcher on the phenomena and philosophies that surrounds cryptocurrencies and makes some pretty fascinating points.

"Three Snitches Make Person of The Year" 😮 WELL DAMN! HATERS!

Ever since i was a kid i never understood why people were more upset at a "snitch" than the person actually doing a bad thing. It just doesnt make any sense.

Hard to find people this brave. Musk is Ebbers without the looks and charm

Great interview! Unrelated question: does anyone know if there is an episode where they discuss Nassim Taleb's paper on Bitcoin?

@CryptoCriticPod

Жыл бұрын

There is not an episode where we discuss that

Jack Abramoff spoke to my MBA class 10 years ago. I am hearing a lot of the same language here.

Another view of the rise and fall of Worldcom is in Dan Reingold's book 'Confessions of a Wall Street Analyst' (2006).

Are there any good examples of markets or industries that "self regulate"?

@CryptoCriticPod

Жыл бұрын

There’s not a ton of “great” examples, some will point towards FINRA, but neither Cas nor I think they’re a strong example

@jjgdenisrobert

Жыл бұрын

@@CryptoCriticPod FINRA only exists because of the threat of legal enforcement. The same is true of every other “industry regulator”. Ultimately, it’s the government and it’s power to enact and enforce laws that is the true regulator.

@scottkirby5016

Жыл бұрын

They can work for time but tend to fail after all the people who who remember the reason/scare that caused them to be set up retire...sometimes a second generation can hold it but almost never beyond that... GAAP came out of self regulation of the auditors for example...but over time those audit systems started to gain loopholes and and eventually the exceptions dominated the rule..cue Enron/WorldCom to Sharbanes/Oxley to the FinalFour's domination of Peekaboo (their regulator)...plus a lot of the decent self regulation industry groups came from the threat of actual government regulation (nice industry you got there, shame if somebody regulated it-was a common shakedown by pols in the US in the 70's for example) and when the threat of regulation went away so did the impetus to self regulate proactively. But even at the best of times very very few "self regulation" setups worked well for larger society.

What a fucking criminally underrated podcast, I cannot believe that mfs like graham stephen and jason calacanis can get a giggillion views when this has 9.5k

1:36:45 Should be Binance or Tether I guess.

@mmm-cake

6 ай бұрын

😆

Crypto fraud hmm geee I wonder

1:25:25 "Blackmail-y and asking for a lot"??? Is it a form of righteous penance in your eyes -- being unceremoniously robbed of your livelihood for your refusal to comply with the criminal schemes of your corporate overlords? Should she have shown more _humility_? Love ya Cas, but the real "strange" thing is to extend more empathy to a fraudulent telecom company than to the worker it chewed up and spat out.

What a great interviewee, great job of networking CCC!