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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

Occupy Wall Street News

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Tuesday, April 14, 2009

Is Goldman Sachs Running the U.S. Government? - I Say Yes.

Editor's Note: The excerpts below are from an article in Newsweek. I think you will find them interesing, and there is a link to the full article.

‘Government Sachs’ Is Back
Who's designing Geithner's rescue plan? Goldman guys, of course.
by Michael Hirsh

As it was in the beginning, so shall it be in the end: Goldman Sachs will be there.

Back in the '90s and through the mid-'00s, major figures from Goldman Sachs such as Robert Rubin, Gary Gensler and Hank Paulson stood fast against derivatives regulation (Rubin and Gensler) and lobbied successfully for higher leverage ratios so they could bet more of their capital on the market boom (Paulson). When those policies came to grief and Wall Street imploded, and the Feds scrambled to rescue stricken insurance giant AIG, Goldman CEO Lloyd Blankfein was reportedly the only bank executive invited to an emergency meeting at the New York Federal Reserve (convened by then-Fed president Tim Geithner).

Now Treasury Secretary Geithner—a Rubin protégé, of course—has assigned two more ex-Goldman men to fix the vast mess their colleagues helped to create.

Read the full article at Newsweek.com - http://www.newsweek.com/id/187705

11 COMMENTS:

Freedom Thinker said...

GREAT SITE! I linked up to you from my Freedom Thinker site. On an aside, I'm not sure if it's Goldman influencing the Government or the Government influencing Goldman. These executives are surely in the pockets of the State and either way one looks at it it's bad news for us the people.

Frank Hope said...

Goldman Sachs not only is firmly in control in the Secretary of the Treasury, they also treat the New York Fed as if it was their own private club. Paulson and Rubin were both NY Fed Presidents before becoming Treasury secretaries. Geithner of course was the NY Fed President and surprise... surprise his replacement William Dudley is another GS alum.

The Newsweek article says that Dudley has been given a leadership role in the next phase of the bailout. It's time to take back control of the New York Fed. GS shouldn't be allowed to totally dominate this powerful financial institution.

See my articles:
The Goldman Sachs "secret handshake"Goldman Sachs über alles...and also an article on this site:
Geithner - Goldman - PIMROCK...for more information on the death grip that Goldman Sachs has over the New York Fed.

ALAN BARON said...

I don't know what is going to wake up most Americans to the fact that "The best way to rob a bank is to own one" well Goldman Sachs are biggest crooks out there and they truly have more power than anyone now in wall st.
I linked your site to another great blog livinglies by Neil Garfield that is also ad free. www.livinglies.wordpress.com.
You will get many hits as it is the best and biggest out there helping folks stay in their homes and stop the foreclosure nightmare. Keep up the great work.

Alan Baron

Malibu , California

Akira said...

Oh, you're just at the bottom of one side of the pyramid!

AIG - CV Starr - OSS - CIA - KMT - CP USSR - CPC - AIC - Hitler - Warburg - Bush - Rockefeller ... etc etc etc etc:

http://brianakira.wordpress.com/2009/04/07/plutocracy-and-the-international-idea/

Anonymous said...

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

Learn the 7TH Amendment maggot! That's how you restrain the government.
Red Beckman - Fully Informed Jury
http://video.google.com/videoplay?docid=7385583011526915030&hl=en

biku said...

If there is a huge pile of money and you happen to stand next to it, wouldn't you steal? If all these companies can find their way to tap into taxes paid by us - the only conclusion is that we pay way WAY too much taxes. And we let foxes guard chickens instead of hunting them.

Anonymous said...

GoldmanSachs666 is a dis-info site put up by Goldman, to tell us all the obvious facts, that we already know, thereby distracting us from the real conspiracy of GS crashing the market in 08!
Here is how I see it.
1. GS shorts the ABX(subprime) in 07. Makes a Billion or 2. Sends a ripple in the markets.
2. GS men at the Exchanges raise margin requirements forcing massive liquidation in JULy 07, not to mention cornering the oil market.
3. GS men at the SEC raise margin in 08, lower regulation increasingly over entire tenure.
4. There man Hank Paulson took Lehman in the other room, executation style. That really got things rolling (downhill)
5. Then, GS influence at Mood'yS(warren buffet) slashed AIG rating forcing them to find Billlions overnigth,
6.Then Hank Pauslon shows up with his $700 Billion ransome note. After stock markets crash around the world for 10 days, congress gives the big five banks their money.
7. Jim Cramer, former partner of GS, after watching the market crash for 10 days, tells America to sell everything. If we see a rally this year, you know Cramer is in on it
8. Rubin was a trojan horse on Citi's Board, encouraging them to get long and heavy in realestate.
9. AIG and Citi were made fall guys from the beginning, "to big to fail" was the plot
10. It's possible that GS even inflitrated Freddie and Fannie. It's obvious IndyMAc was a front to push liars loans.

a said...

american people will probably never wake up in mass numbers cuz majority of american public is kept illitrate , minipulated education system ,and made too submissive by drugs to any law that is passed by govt (bankers) how stupid people can be to spend hundreds of dollar from credit cards people should start practicing savings throw away credit cards if possible

Anonymous said...

Sadly many american taxpayers are still suffering from the invention of Fiat money by the jews way back in history. The Fed based on Fractional Reserve Banking= Fiat money strategy, Goldmans Sachs, Madoff all the same.Hard to see any difference between Goldmans Sachs, the fed and Madoff.

Wake up and stop overeating and taking so much sugar and drugs.
Some realise they are Fiat food and Fiat drugs.
Fiat.... because this intake strategy going for fast,easy and quick satisfaction makes you pay interest at Goldmans Sachs/Fed levels for you health and welfare.

Jeffrey Fastov said...

Goldman Sachs and the links to government officials,graft,bribes,donations to politians,deceptivness,fraud ,timelines in investments for insider trading all need to be thoroughly investigated and this all too powerful company(thieves and crooks,not talent)needs to be stopped or Nostadamus Prophecies will come true when GS controls our money supply and oil resources.

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