Yesterday, lawyers for Raj Rajaratnam once again asked for their client’s bail to be reduced (from $100 million to $20 million), and that the $7 million in cash posted several months back be returned to its rightful owner (the big man). Why? Because Raj-Raj is being treated unfairly. Is he a criminal? For sure. You’re god damn right he is. But is he in the same league as Bernie Madoff? No sir, and Raj/Raj’s representation doesn’t appreciate being treated as such. First off, Berns was screwing his investors, from start to finish. Whereas Raj? Did what he did for his investors. When Bernie went down, he left his investors high and dry. Raj? He’s been making it his biz-nass to maximize those returns, just like he’s always done. Madoff employees? They got fucked. Galleon employees? Raj has spent many sleepless nights writing letters of recommendation attesting to their unparalleled skills in the field. Raj: plays the air sitar. Berns: no air sitar. So this is fucking bullshit, and everybody knows it.
not fair
Why (serious question) do they have to raise any capital at all? Isn’t the fact that they’re “the world’s most global bank in a world that becomes more global every day” good enough? Would a free coupon to Tickle a Vickle Town do the trick?
The disagreements are related to last week’s announcement by the Treasury Department that Bank of America Corp. won approval to repay its $45 billion in federal aid. The Charlotte, N.C., bank sold about $19 billion in common stock late Thursday as part of its repayment strategy.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
