Madoff reveals that who you are is more important than what you do

[Phoebe Loosinhouse]

or at least that would be my interpretation of the following article. The live link in the story at the CBS site will take you to the actual interview - fascinating!

http://www.cbsnews.com/stories/2009/10/31/eveningnews/main5477864.shtml?tag=contentBody;featuredPost-PE
Home CBS Evening News Oct. 31, 2009
Madoff Explains How He Concealed Fraud
Disgraced Financier Says What Government Regulators Should Have Known in Jailhouse Interview

(CBS) In a wide-ranging jailhouse interview with SEC Inspector General David Kotz, convicted swindler Bernard Madoff explained how he managed to conceal his multi-billion-dollar fraud operation.

"It never entered the SEC's mind that it was a Ponzi scheme," Madoff said, because of "the reputation I had."