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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

Saturday, April 18, 2009

In Goldman Sachs We Trust - But Should We???

Editor's Note: Very powerful information here from the Capital Research Center by Fred Lucas. I provide just the opening summary, but recommend you visit this site. This was a piece that Mr. Lucas prepared as a Foundation Watch to tip foundations and other fiduciary money off to the workings of Goldman Sachs.

In Goldman Sachs We Trust:
How The Left’s Favorite Bank Influences Public Policy

Summary: In recent years the powerhouse bank Goldman Sachs has supplied Treasury secretaries to both Republican and Democratic administrations. A Goldman veteran serves as President Bush’s chief of staff, while one runs the New York Stock Exchange and another lives in the New Jersey governor’s mansion. Its politics skew left, and as the company’s competitors on Wall Street go bellyup, Goldman, a friend of Big Government, remains profitable and its influence grows.

Read the full article - Click Here


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