Rajat Gupta - Less equal than others

On July 21, 2008, Hank Paulson, the then US treasury secretary, met around 15 major hedge fund managers at the offices of Eton Park in New York — itself one of the biggest hedge funds in the world. At least five of the 15 who attended were ex-Goldman Sachs, the firm that was headed by Paulson before he became the treasury secretary. That very morning, Paulson had spoken to The New York Times reporters, and editors and had assured them that the government was looking into the book of Fannie Mae...