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Get an hour's worth of common sense about the economy, the markets, Wall St. and Main St. with Larry Doyle, a Wall St. veteran and NoQuarterUSA blog's financial contributor. Tonight Larry welcomes Erin Arvedlund, author of Too Good To Be True, which provides a comprehensive review of the Madoff scam. From an Amazon.com editorial review:
In early 2001, she (Erin Arvedlund) was suspicious of the amazing returns of Madoff's hedge fund, which no one could explain. Her article in Barron's, based on more than one hundred interviews, could have prevented a lot of misery, had the SEC followed up. But almost no one was willing to believe anything bad about "Uncle Bernie"—so nice, so humble, so generous to charities. As Arvedlund shows, Madoff was no ordinary liar, but a master of the type of lies people really wanted to believe. He kept his clients at a distance and allowed handsomely paid friends to solicit new ones for him; playing hard to get created an irresistible mystique.