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    Good read, very frustrating

    Make no mistake, the math behind economics is rarely as difficult as the author contends, but if you aren't impressed by his obvious frustration and his integrity as he tried to fight one of the biggest fish on Wall Street, you aren't being very honest. If you aren't furious with the SEC, or the politicians who clearly tried to defuse the issue (Sen. Schumer) when you're done, well, you're a better person than I. If you want to see how people could turn a blind eye to Madoff (and clearly, many knew him to be a cheat before he gave up) you should read this book.
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    It's an in depth account of how Mr. Markopolos' struggles to convince a multitude of actors - from Madoff's investors, hedge fund (and fund of funds) managers and the almighty SEC - that Madoff's fund could only be a criminal scheme. The frustration you feel as dozens of people turn a blind eye is matched only by one's eye rolls as Mr. Markopolis makes statements like "only a handful of people in the world, including myself, could understand the mathematics behind derivative trading..." The Black-Scholes model (while deserving of the Nobel Prize) isn't dark magic. However, the story is well documented and despite the author's self-confidence, the truth of Madoff's success as a swindler becomes readily apparent. The truth is, many people knew he was a fraud...they just didn't care. A good read, and it will help you know how to protect yourself as an investor.
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