Mahatma Gandhi made Time magazine cover thrice, and Jawaharlal Nehru six times. Indira Gandhi and Rajiv Gandhi had their moments too, as did the Nizam of Hyderabad (1937) and Parveen Babi (1976) on the odd occasion.
But in a first for Indian-Americans, Time has put New York Southern district attorney Preet Bharara on its cover with a glowing story on his take-down of some of the most powerful interests on Wall Street.
"Prosecutor Preet Bharara collars the masters of the meltdown," the cover proclaims under the title 'This Man Is Busting Wall Street' . The accompanying narrative on the Ferozepur, Punjabborn attorney talks of the "man who is bringing mob squad justice to Wall Street" while questioning some of his controversial tactics, including wire tapping to gather evidence, and whether it will be admissible in court.
The upcoming cover, which will hit the stands on Friday, comes just a day after Bharara announced mortgage fraud charges in New York on three former highlevel employees of Credit Suisse accusing them of overstating the value of bundled housing loans by $540 million and contributing to an eventual $2.65 billion write-down by the bank.
Amid immense anger in US over the housing value meltdown, the story credits Bharara with making one of the first big criminal busts in the world of mortgage bonds, three years after the collapsing value of those complex investment vehicles nearly destroyed the global economy.
Bharara, who was appointed NY Southern district attorney by president Obama in 2009, came into the limelight soon after he cracked down on illegal insider trading on Wall Street, winning a conviction of hedge fund billionaire Raj Rajratnam, and putting several Indian-Americans, including former McKinsey honcho Rajat Gupta, in the dock.
A Harvard alumnus, like Obama, Bharara explains how when he came to the job in 2009, he found that "there was a creeping culture of corruption in our politics and also in Wall Street and in business generally", a complaint echoed by the US president.
Insider trading, he says, was a practice which "tells everybody at precisely the wrong time that everything is rigged and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies, they're the only ones who can make a true buck" .
The NY attorney's position is one of the most highprofile jobs in US law enforcement and is seen as a stepping stone to higher calling in politics and administration. Bharara, 43, is a legatee of several distinguished predecessors, notably former mayor Rudy Giuliani, who went on to become a national figure, and Louis Freeh, who became the FBI Director.
But in a first for Indian-Americans, Time has put New York Southern district attorney Preet Bharara on its cover with a glowing story on his take-down of some of the most powerful interests on Wall Street.
"Prosecutor Preet Bharara collars the masters of the meltdown," the cover proclaims under the title 'This Man Is Busting Wall Street' . The accompanying narrative on the Ferozepur, Punjabborn attorney talks of the "man who is bringing mob squad justice to Wall Street" while questioning some of his controversial tactics, including wire tapping to gather evidence, and whether it will be admissible in court.
The upcoming cover, which will hit the stands on Friday, comes just a day after Bharara announced mortgage fraud charges in New York on three former highlevel employees of Credit Suisse accusing them of overstating the value of bundled housing loans by $540 million and contributing to an eventual $2.65 billion write-down by the bank.
Amid immense anger in US over the housing value meltdown, the story credits Bharara with making one of the first big criminal busts in the world of mortgage bonds, three years after the collapsing value of those complex investment vehicles nearly destroyed the global economy.
Bharara, who was appointed NY Southern district attorney by president Obama in 2009, came into the limelight soon after he cracked down on illegal insider trading on Wall Street, winning a conviction of hedge fund billionaire Raj Rajratnam, and putting several Indian-Americans, including former McKinsey honcho Rajat Gupta, in the dock.
A Harvard alumnus, like Obama, Bharara explains how when he came to the job in 2009, he found that "there was a creeping culture of corruption in our politics and also in Wall Street and in business generally", a complaint echoed by the US president.
Insider trading, he says, was a practice which "tells everybody at precisely the wrong time that everything is rigged and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies, they're the only ones who can make a true buck" .
The NY attorney's position is one of the most highprofile jobs in US law enforcement and is seen as a stepping stone to higher calling in politics and administration. Bharara, 43, is a legatee of several distinguished predecessors, notably former mayor Rudy Giuliani, who went on to become a national figure, and Louis Freeh, who became the FBI Director.
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