NEW YORK -- Jurors in a Manhattan federal court Friday found former Goldman Sachs board member Rajat Gupta guilty of conspiracy and securities fraud, only two days after closing arguments ended in the closely watched insider trading case. Gupta, 63, was found guilty of passing on nonpublic information from Goldman Sachs board meetings to now-jailed hedge fund manager Raj Rajaratnam, but the jury didn't convict him on two charges, including an allegation that Gupta had also leaked information about discussions of the Procter & Gamble board, on which he also served. BLOG POSTS | Richard (RJ) Eskow: Dimon, Simpson, Geithner: This Week's Three Horsemen of the Corporate-Politics Apocalypse This year it's going to be incumbent on the Democratic Party to prove that it's something more than the oligarchy's more genteel rubber stamp. And it's not going to be able to do that unless it rejects the wildly unpopular and unfair Simpson-Bowles plan. | | Sandy Goodman: Did Scott Walker Write the Obit of the U.S. Middle Class? Business influence and anti-union sentiment mean there's no way Taft-Hartley and other impediments to organizing will be lifted anytime soon. But even if these and other steps were taken to strengthen the middle class, some argue it still wouldn't help much. | | Bruce Judson: The Coming Train Wreck If Congress does not act, we will almost inevitably see a further collapse in the housing market, with a ripple effect that has the potential to destroy vital consumer confidence, stop any economic recovery or even cause an economic catastrophe. | | Chris Brummer: Who Wins if Greece Exits? Politicians and investors should recognize that in the face of a Greek exit, cash and safety will be king. Those who can offer one or the other (or both) will be able to at least partially shield themselves from the storm. The rest will be left out in the cold. | | Bob Williams: Reforming Unions If reform is not implemented for unions around the nation, then bankruptcy will occur. America cannot afford to maintain the status quo while government pensions drag state budgets further into the red. | | MOST POPULAR ON HUFFINGTONPOST.COM |
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