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 &mdash; 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.

Shankar Sharma: Rajat Gupta - Less equal than others

Business Standard

The first part of this article Rajat Gupta - Less equal than others, published on November 6, showed how Hank Paulson, the former US treasury secretary, and other luminaries of the US investment world got away, despite clear evidence that they disseminated insider information &mdash; the same crime for which Rajat Gupta was punished with a fine and prison sentence.

Shankar Sharma: American idolatry in the US legal system

Sometimes it takes an insider-turned-outsider to expose the rot within any system. The authors, both ex-bankers with decades of experience in China, are quick to point out that this book is not intended to be a shock expos&eacute; of the worms in the core of the Chinese financial &ldquo;miracle&rdquo;.

Capitalism steeped in red

For years, a wispy, gossamer dream has been spun by economists working for Wall Street investment banks about how China has managed the impossible: high growth with a very low debt-to-GDP ratio. The dream has been so aggressively sold that almost everybody believes it, including editors of this newspaper who have written glowingly about China&rsquo;s growth, how far ahead it is of India, how India should give up this race once and for all and so on.

Shankar Sharma

Shankar Sharma

Page 2 - Shankar Sharma

Shankar Sharma: Rajat Gupta - Less equal than others

Shankar Sharma: American idolatry in the US legal system

Capitalism steeped in red

Shankar Sharma & Devina Mehra: China's $22 trillion time-bomb