to your question for iii, my book, raj rajaratnam was obviously the person to -- the catalyst, if you will, i was really focus on the indian diaspora, raja gupta, kumar, these were individuals who were the best and brightest of the indian community. stay went to the establishment schools, joined the establishment companies, they were different from raj rajaratnam who was on the fringes of wall street. he became a success through galion and your first question,

i think when the education of my boat ran in the new york times i read a number of comments and that is more fascinating than the stories and it was stunning to me but there were a number of people who said essentially what do you expect, these salvation this. so i do think it will have -- it will have an affect on the community. i am not saying -- by the same token i did mention -- probably confirm for the federal appeals court in d.c.. it is not devastating but it will in the short term particularly on wall street.

he has been confirmed by the senate. >> general follow-on, in another context, would raj rajaratnam -- would they be friends? >> i personally don't think they would have. look. they weren't friends outside of business. they didn't socialize together. didn't go to raja's 50th anniversary in kenya, this was a convenience for particular period of time.

>> right back there. >> this seems to be a secondary argument, you ritter. >> you were there for raja said the 25. the recipes on hindu businessmen. >> i had someone there. >> let me ask you three points, wiretaps, the argument is hearsay, october 24th seems to be to follow the u.s. attorney's office. >> there is no september 24th wiretap, only an oct. 20 fourth. that is not a wiretap, just a phone call. >> the big one extended

testimony. to me it is difficult, and john newman at the casino. what is your take on it in terms of what you get from that. >> obviously it is a panel of three judges, one of the judges is seen to be generally pro defense, just my reporting of the judge, the other judge -- that is right. the other judge is pro prosecution and john newman -- yes. john newman, i think john newman was sort of a wild card, and because he is very

intellectually rigorous and i think they came away disappointed by the questions he asked. >> next over here in the second row. >> i actually work there when he was when raj rajaratnam was managing partner there and knowing a lot of colleagues there, and since the trial of raja gupta -- absolute keep to the extent that ten years, eight years after that i still don't talk about who my clients were. that is the first point. second point is impact on south asians. a lot of consultants who were

indian in origin just the chatter that goes across the networked have felt they will be set up because they feel they are part of the indian mafia at mackenzie. and cast a disparaging shadow on them. not quite fair, but long-lasting. that is better impact. >> that is the question. right here in the second row please. >> my question is i take it you didn't speak to or interview a raja for this book? >> i don't want to comment on sources. >> i am also, if you were talking to family members for cousins, it did they know the

subject matter of this book? is not putting him in a good light. only giving all this information. >> a lot of the book is about -- people say it is a sympathetic trail so that is what they contributed to. >> one last thing, this wiretaps, the conversation after the board meeting, is that on tape or not? >> there is no wiretaps, when i was asking the previous gentleman's question what i was trying to say is this is the first case where wiretaps have been used, and the insider trading cases brought in the 80s and 90s, bose millennium against

caucasians and others and all of them have been bought using circumstantial evidence and the credit suisse banker i mentioned where there was no benefit shown, there was just this allegation that this man was tipping someone in pakistan was placing trades, this man was sentenced to eight years in prison on circumstantial evidence. >> wasn't there one phone call, that conversation in july 29, 2008, where he talked -- raj rajaratnam was complaining about to my saying i gave him $1 million for what and said he should be more mindful, not paying attention. wasn't that -- >> that was a wiretapped conversation but not part of the charges because the information being passed the not rise to

material. >> the one for which he is charged, the board meeting on september 23rd, that was sent on a wiretap because there were leads and exactly that. and when the cellphone was done. >> and also thought it was wiretapped. >> so they don't have to. >> porche manager, the title of this book could have been the rise of raja gupta and the fall of the galleon fund rather than the indiana lead but i looked at the table of contents and the excerpt in the new york times and looks like it is all about raja gupta, not about the

american elite in general. all of this. in titling books like this that way perhaps you are going to cause a process of casting a shadow over the whole thing. >> all i was trying to do was i think raja gupta was an important member of the community and i think his journey was similar to the journey of many in the community, the rise, the explosive rise in such a short period of time and sometimes used one character to show what a community has done and certainly his rise was emblematic of the community. i actually think the book spans a lot of time on his rise.

we can count pages later. >> it is the billionaire's apprentice story, clearly about 147 but in the broader context that is how i understood it. right there. that corner. >> 9 name is megan and i am part of that wave of diaspora you talked about that came in the 1960s and although i have not read your book i find it takes a tremendous amount of courage and strength for us as that diaspora to be reflective and will get back at ourselves and despite all of our strengths and some success we had, i think it is important for our growth to a also recognize some of the things we have not done with good ethics and have not

conducted ourselves in the way in which we should so thank you for that. my question related to that is what in sight for perspective would you offered to the next generation of diaspora that is up and coming now, applying to college and looking at their career path? what perspective could you offer? >> i actually think they have an advantage my parents' generation which is president the -- which was raja gupta's generation did not have which is growing up in the united states and they are assimilated and they have a better appreciation of the rigidity, if you will of laws in the united states, the lack of

gray and that is why this is the story about salvation but also a story of two different generations of south asians. raja gupta, coo mark, they were one generation and even though he was born in india he came here when he was 2 and he is a different generation and i think what we are seeing is the assimilated indian will be very successful in this country, i don't think they need any advice from me. >> i attended the raja gupta

trial last summer and it was fascinating seeing all family whether it was acting or genuine grief and regrets going along, but i would like a little more on the tipping point that you brought up very early in the conversation where in that columbia speech you reference he seems confused about the next step, how to go higher. how does wanting to hang out in that kind of sophisticated billionaire glamorous set and at the same time wanting a little more money by raj rajaratnam, i don't understand how raj

rajaratnam won the poll, that instead of wanting to be in that elite class of sophisticated billionaires', how is it simply greed by urinalysis, simply agreed that attracted raja gupta? like the gentleman here, i never heard on tape any words to say that he had actually given the tips, my second question which i need and more interested in is did the wiretapping of raj rajaratnam begin because of speculation about his association with terrorism in sri lanka, giving aid, financial

aid to the camel tigers, in other words gupta, collateral damage for something the government was interested in uncovering? >> to your second question, swami feels -- he told me he wrote a letter in 2006 to the u.s. state department saying raj rajaratnam is funding the camel tigers and superman the swami, if you haven't read the book was the person who wrote the recommendation to raja gupta when he applied to harvard business school and he thought he had paved the way for the fed start looking ahead at raj

rajaratnam. i don't think -- i think again, i think it is sort of a sausage is far messier, there were two parallel investigations going on by two competing u.s. attorney's offices of raj rajaratnam. one was the insider-trading investigation that was happening in the manhattan u.s. attorney's office and the other was the investigation in the eastern district in to the terrorism activities and the manhattan u.s. attorney's office known as the sovereign district of new york eventually won out and the insider-trading case went forward and to your first question, i think raja saw raj rajaratnam as someone who could help him make up for lost time

in terms of wealth creation. raja talked to people about wanting to, quote, monetize his rolodex. what does raj rajaratnam need? he needed more money to manage so raja saw himself as possibly teaming up with him and making that into a lucrative venture. >> there is that point where you talk about the balance of power, raj rajaratnam being -- wanting to get plugged into higher circles and when he gets the offer he asks raj rajaratnam what do you think? he is asking for his advice. you think that balance of power

had shifted and at the stage where the whole thing blew up? >> i think when he first got close to raj rajaratnam i think he thought he came from a position of superiority, he was the one who had a great contacts, the remarkable rolodex but by the time for for you get to that conversation, he is asking, here is a man who his entire life had been giving advice to other corporations, advice to boards, he was the one who had actually worked at the preeminent firms in the financial-services industry and here he was asking someone who never actually succeeded in a

firm for advice about whether he should take this job. of the the stunning turn of the events. >> at the back please, right in the back. >> my question is from his college days. he probably graduated in the late 16s or early 70s. >> 1971. >> a red everywhere that raja comes from a humble background of financial troubles and so on. how could he afford to go to harvard business school? >> he got a scholarship. >> related question, how did raja managed to grow inside mackenzie?

there have not been in the americans. was it primarily in l.a. thes and recognized there would be ample opportunities outside the european markets, as someone who would go out in asian barbara bcu bob bartlett was he simply the best? so raja was elected by his partners. there is no board electing him or anything. one of the reasons raja was elected to the top job was in nearly 90s there was this generational split at mackenzie, there was people guard that was represented by people -- there was a new and up and coming

guard and raja was the perfect candidate. he was thoughtful and soft-spoken and non confrontational and i think set new guard gravitated around him and jeff skilling who was at mackenzie at the time and was actually -- people laugh but he was very -- i have a lot of correspondence with jeff skilling and he is the beautiful writer, very eloquent, a very smart man and he laid out plans they that mckinsey, during thes and 90s and the tension between the two different generations and i think raja can out at night successful. >> cheri brenda, i am asian the got indian.

very obvious. you're comment please on alice would have been brought about by basel iii. >> i'm not sure the transparency would have affected these insider-trading cases. a and not sure how that would have affected it to be honest with you. >> raja gupta. i am curious to see more from you about raj rajaratnam and his motivations and the dynamic of in and his family and all so raj rajaratnam who is now facing prosecution. what do you think is going to

happen if you have any comment? >> raj rajaratnam to use his own words would say i am a rogue. i am a rogue. that is what he was. he liked to push the envelope wherever he could, like to play people there was this episode in a relationship between raja gupta and raj rajaratnam where at the end of 2006, raja arranged a high interest loan for his friend and they are part of a consortium to buy a bank in south india and the blown isn't paid back in time and raj rajaratnam sends raja an e-mail saying if money doesn't arrive i

am canceling all further lungees regarding dodge capital which is south asian money manager raja was trying to build so raj was trying to build so raj rajaratnam had this keen sense of people, very street smart, he could do circles around the mackenzie men. and in terms of his brother it is interesting to see rankine taking a very different approach from his brother to his recent indictment on charges of insider trading. it appears he is trying to work out a plea with the u.s. attorney's offensive. i suspect if he does plead guilty he will just plead guilty and not cooperate because of the

was to cooperate he would also have to tell -- to give the prosecutors informations about his brothers and there is still one brother that they would be interested in building a case against. >> lots of times, we're going to take a last question from that gentleman. virtually disclosing those books. >> and maybe just a comment, the one comment was i never considered gupta and indian and never thought about it. i never said indian. i'm not an indian and didn't discuss this with any indians. i wonder if it is just like an

indian thing. my parents are nigerian and i worked in financial crime compliance. i wonder -- i wonder if it is indian themed where it is indian. the other comment that i had was i wonder if this is just like a serious thing. and and the indian isn't bad. really not trying to be funny. this is just from an -- another point of view. i am listening to everybody talk

about -- have a very good stereotyped. attached to you. i don't know if michael who just got indicted is an indian, this is the second one. >> available to sign copies. thank you so much. [applause] [inaudible conversations]

>> booktv is on facebook. like us through interactive booktv guests and viewers, get up-to-date information on the events. facebook.com/booktv. >> here's a look at some books being published this week. in this town two parties and a funeral plus plenty of l a parking in america's gilded capital. the chief national correspondent for the new york times magazine provides an inside look at media and politics in washington d.c.. orville schell, director of the center on u.s.-china relations at the asia society, and the assistant professor of east asia studies in seoul present a history of china's economy, wealth and power, the long march to the twenty-first century. clark recount the last moments of president john f. kennedy's life, jfk's 900 days, the transformation of man and the

emergence of a great president. been the longest road, over land in search of america from key west to the arctic ocean, journalist philip caputo presents interviews from his travels across the country, what keeps america united. the senior fellow at foreign policy national security affairs at the hoover institute out lines 30 years of military aggression by iran in taking on iran, strength, diplomacy and the iranian thought. watch for the authors in the near future on booktv and booktv.org. what are you reading this summer? here's what some of you had to say. ♪

♪ ♪ ♪ >> we want to know what you are reading, tweet us or send us an e-mail. >> best-selling author scott turow, you have another