AP – The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and, by the government’s account, criminal.
Hedge fund manager Raj Rajaratnam asked about a rumor that Goldman Sachs “might look to buy a commercial bank.” On the other end of the phone, then-widely respected Goldman board member Rajat Gupta confided there was a “big discussion” on the subject at a recent meeting.
