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Cable News Snapshot: 7:19amET, March 12, 2009

Bernie Madoff arrived at the Federal Courthouse in New York City 2 hours and 40 minutes before his court appearance at which he’ll plead guilty to operating a $50 billion Ponzi scheme. For the first time, he’ll explain how he did what he did. In order to accept a guilty plea, the judge must hear him describe his crimes.

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