and felt that he paved the way for the fed to start looking at raj rajaratnam. i don't think, i think it is that the sausage making is this year. i think there were two parallel investigations going on right conceding -- competing offices one was insider-trading against raj rajaratnam and the other was the investigation in the eastern district of the terrorism activities. wanted of that insider-trading case with ford. but your first question, i think they saw raj rajaratnam as someone who could help him make up for lost time in terms of wealth creation. he had a wonderful rolodex talking about monetizing the rolodex what did raj rajaratnam need? he needed more money to manage. so he saw himself as teaming up with him to make that into a of decorative adventure. >> there is that point where you talk about the balance of power and rajrajaratnam one team to get plugged in then he gets the kkr offer he asks raj rajaratnam what do you think if he asks him for his advice. duty that balance of power had shifted and he had the opinion at this stage with the whole thing

a federal court has ruled in favor of investigators in the case of raj rajaratnam. rajaratnam's lawyers argue that federal authorities improperly used wiretap techniques. he was convicted of conspiracy and securities fraud in 2011 and is currently serving an 11-year prison term. celebrity chef paula deen is attempting to put a lid on bad publicity as fans and critics come forward. deen cooked up trouble by using a racial slur during a deposition involving a lawsuit by a former employee. over the weekend, deen put out 3 apologies on you tube: "the food network will stop airing her shows at the end of the month and smithfield foods is dropping her as a spokeswoman." "my advice would be try to settle the lawsuit. the longer this goes on, the more damage that is going to come out. remember so far we are just hearing the deposition. there is a video as well and that video is going to be entirely damaging, when you hear and see her saying it." branding specialist david johnson says it may be nearly impossible for deen to recover her image. after failing to show up for an

depicts life prior to raj rajaratnam's trading conviction.t is a tantalizing tale of booze, drugs and sex and give pressure to behind the scenes which could give cause for some recent probes of insider trading. with me to talk about the power of money, autor of buy side, wall street tale of spectacular excess. welcome to the show. i've got to tellyou i'm hooked. is a great book. >> thank you. melissa: your writing styl is great. you trained to be journalist. >> i did. melissa: before you were a trader. you have that on aone else who might try to write a memoirorhemselves. what is fascinating to read about what was going on inside galleon. >> right. melissa: when everything was going on. i had to remind myself it wasn't fiction because it reads ke that. this is really what was going on. do you think insider trading is rampant all over wall street? do you think it is pretty common? >> i think there's a big difference between today and 10 years ago. back then we were operating sort of, what are the consequences? and you know, the milken and boes