In 54 wide-ranging lists, TIME surveys the highs and lows, the good and the bad, of the past 12 months

Top 10 Quotes

2. Swindled or Savvy?

By Frances RomeroWednesday, Dec. 07, 2011
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Mary Altaffer / AP

"They had to know."

—Bernie Madoff, imprisoned Ponzi schemer, insisting that banks and hedge funds were "complicit" in his fraud, which cost investors some $50 billion (New York Times)

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