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Fraud*
According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Thursday, March 26, 2009

AIG, Ed Liddy and Goldman Sachs

Ed Liddy, current CEO of AIG, who is working for $1 a year was a former Director at Goldman Sachs. He only resigned as a Director, when Henry Paulson . . . Secretary Treasury appointed Liddy as the CEO of AIG in September 2008, as the King Henry decided to take an 80% stake in AIG. Some say the only reason King Henry put taxpayer money in the toilet, was to protect AIG's largest counter-party . . . Goldman Sachs. - March 25, 2009

6 COMMENTS:

Anonymous said...

"BTW, I am hearing that Rahm Emanuel is bought and sold by Goldman Sachs. More confirmation that we need to change the caption on the money to read “In Goldman Sachs We Trust,” a la Galbraith, of course."

From: http://www.ritholtz.com/blog/2009/03/rolling-stone-the-big-takeover-aig-bailout-as-political-revolution-by-wall-street/

Anonymous said...

AIG Payments to Banks Should Be Probed, Lawmakers Say

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4DSJP7CX91Y&refer=home

Anonymous said...

AIG Payments to Banks Should Be Probed, Lawmakers Say

http://www.bloomberg.com/apps/news?pid=20601087&sid=a4DSJP7CX91Y&refer=home

Anonymous said...

arent two of obama's biggest supporters huge HF guys like Soros and Griffin (Citadel) ??? might be worth investigating for a new post on the recent Geithner Toxic Plan and any connection between these supporters...not sure who Bill Gross supported...but does it really matter, they're all paying the same piper

Anonymous said...

Love it. Keep it coming!

socialistseverywhere said...

They say a picture says a thousand words.

Since I'm short on words, here's a picture:

http://socialistseverywhere.files.wordpress.com/2008/10/goldman_whitehouse2.jpg

The Goldman White House.

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