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Northwest Voices

Seattle Times letters to the editor

December 20, 2008 at 4:00 PM

Bernard Madoff

Truly brilliant

Your recent stories covering the activities of Bernard Madoff, the brilliant financier of all times, make a compelling case that he be considered for the Nobel Prize in economics next year [“Securities experts, investors don’t buy Madoff was solo act,” Dec. 19; “Madoff’s financial empire audited by tiny firm: one guy,” Dec. 18; “Madoff’s clients all over the world,” Dec. 16; “A trusted man, $50B, a “giant Ponzi scheme,” Dec. 13].

His absolute great talent was to make people feel comfortable with turning their money over to him for great returns.

He outmaneuvered investment bankers, lawyers, economists, accountants, commercial real-estate investors and developers — not to mention the folks at Securities and Exchange Commission.

Just imagine some of the comments by individuals who invested in his empire: “They thought Bernie Madoff was genius and anybody, who didn’t give them their money, was a fool,” and “He was considered a wizard.”

Obviously, he is a genius to build an impressive portfolio, at least on paper, that would accumulate approximately $50 billion in a few years. What an amazing accomplishment.

— Aslam Khan, Bellevue

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