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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

Mike Whitney Interview with Mike Morgan on Goldman Sachs

Editor's Note: Here are a few pieces from a recent interview with Mike Whitney:

MW: What is the nature of the relationship between G-Sax and the political establishment in Washington?

Morgan: If I answered that question I would need to increase the thickness of my Kevlar body suit.

MW: Why is Treasury a revolving door for investment bankers that are tied to Wall Street?

Morgan: Because the American public allows it. Benjamin Franklin said . . . Well done is better than well said. Too many Americans gripe and moan, but when it comes time to doing anything . . . they sit back on the couch with a bag of chips and the TV. We think it is cute to use the TV to amuse our toddlers. Do you think it is any different for 75 per cent of the American public?

MW: Are special interest groups dictating policy in the Obama White House?

Morgan: I can’t count that high. But if you just look at Wall Street and where the money came from, you will realize that Barack Hussein Obama is nothing more than a puppet of Wall Street.

MW: Will you fight Goldman in court?

Morgan: Yes. I’m prepared to fight them with several attorneys and law professors that are anxious to take this one on. I hope they do press the issue in court, but I kinda doubt it.

Read the full interview - Click Here


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