Gateway House interviews Anita Raghavan, the author of ‘The Billionaire’s Apprentice,’ to discuss the fall of the Galleon Hedge Fund and the conviction of Rajat Gupta in 2012, its impact on the Wall Street, and especially, its repercussions for the Indian-American community.
Rajat Gupta, former chief of McKinsey & Co., was sentenced to two years in jail for insider trading and a fine of $5 million. Whether that will send a deterrent message to corporate boardrooms, which prosecutors claim, is unclear.
As the revelations pile up after the LIBOR rigging incident, it seems Europe and Britain are more committed to enforcement action than America. Real conservatives believe fully in market capitalism, that prices must come from uncorrupted market signals. Could this start a sea-change for enforcement globally?
The Occupy Wall Street movement in the U.S. is gathering strength, with new groups of the aggrieved adding to the numbers of protestors. Gateway House’s editorial advisor Bob Dowling plunges into the crowd to gauge the depth of the movement, and the seriousness of the protestors’ intent.