"Um--Grandma, there's something I should tell you about your friend Mr. Madoff."
"That he is such a dear boy? There's nothing you can tell me about him."
"There's a terrible reason he can't go out at all."
"Of course there is--those mean people think he took their money."
"Yes, he did."
"Not at all--he was just performing some high-level transactions that I showed him how to do. He learned everything he knows about finance from me."
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