Wednesday, May 23, 2012

Quotable quotes in Rajat Gupta trial

The trial of Rajat Gupta, which commenced this Monday, has already produced a couple of quotable quotes from the judge, Jed Rakoff:

"If Mother Teresa were charged with bank robbery, the jury would still have to determine whether or not she committed a bank robbery.".

Judge Rakoff also told Gupta's lawyer "I will not allow you to say that he is world renowned leader", adding that he would not approve of any reference to "Aids, malaria ... or the bubonic plague".


4 comments:

Roopa Pavan said...

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Anonymous said...

Sir I am really worried about the Indian economy position especially as the rupee is depreciating at a horrendous rate. Please guide us as to where is Indian economy heading to? I am sure this is a difficult question, but there has never been such a bizarre situation. I strongly feel lack of structural reforms is really setting us back more than the EURO crisis. Only India is in bad shape compared to the rest of the world. Why cant be billion people stamp these corrupt politicians and work for our country. DONT KNOW WHO WILL SAVE INDIA.

Anonymous said...

Anonymous above you're an idiot, stop this emotional whining and face facts. Only India is in a bad shape is it? What about the Greeks? Or Spain where unemployment is hovering at 20%. The UK economy contracted by 0.3%

Anonymous said...

Hello annoymous - I am not whining here. I am more worried about the fact that Indian Economy cannot afford to contract. Even if Greece, UK or US economies contract it does not matter much because they have all facilities (i mean infrastructure, public health, education etc..) built for their nation. They probably have to halt for few years but then they will be fine after that. A contraction in Indian economy is disastrous as we have no facilities. No agriculture, No manufacturing and we solely rely on service industry. This is very unhealthy for an economy as we have huge population (UK can afford to be service oriented country as its entire population is less than Tamil Nadu's population). Infrastructure, public health, education etc. are deteriorating and secondly they are coming at a big prize (more taxes on middle class). How long do tax payers pay to Air India and Indian Airlines when their tickets are no less than other airlines. Hence it is for these reasons that I am pleading that we need immediate STRUCTURAL REFORMS to ease this situation. I dont mind if allow FDI into all fields. It's far better than being ruled by these ridiculous, corrupt, ignorant, irresponsible and unscrupulous politicians.