As the mutual fund industry continues to battle back from the scandal, popular sentiment is that investor confidence is rising. But don't count former Business Week writer Gary Weiss among the faithful and don't even get him started about hedge funds.

A recent review by The Philadelphia Inquirer of Weiss' new book, "Wall Street Versus America: The Rampant Greed and Dishonesty That Imperil Your Portfolio," reveals a "scathing examination" of the fund industry.

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