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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

Wednesday, May 6, 2009

Goldman Sachs: the Gangster Bankster with the Fed's Blessings

Goldman Sachs Links for May 6, 2009 from All of the links below discuss Goldman Sachs, even if the headline might not indicate that.

'Goldman Conspiracy:' Bogle's 'pathological mutation?' - Market Watch
Machinations on Wall Street, in government give rise to 13-episode TV plot

Goldman Sachs Makes the Rules - The Wall Street Journal Video

Senator Criticizes NY Fed Chairman - The Wall Street Journal
Goldman Sachs Cronie - Stephen Friedman

Goldman Sachs - Public Enemy #1 - Behind-the-Matrix

Cashing in on 'Government Sachs' - The Huffington Post

Fed Directors' Ties to Banks Spur Calls for Changes - The Wall Street Journal
And if you believe that, I have a bridge for sale.

Bankers Own Congress - Senator Dick Durbin
So what are you going to do about it Senator?

Berkshire's Munger Says 'Venal' Banks May Evade Needed Reform - Bloomberg
"This is an enormously influential group of people, and 90 percent of that influence is being spent to gain powers and practices that the world would be better off without,"
- Charlie Munger is Warren Buffet's partner!

Goldman Sachs - A Bad Gangster Movie - Bloomberg

Some Dark Truths About Goldman Sachs - Canada Broadcasting Corporation

SOMETHING smells fishy in the market. And the aroma seems to be coming from Goldman Sachs.

Volunteers Needed - If you're mad as hell and ready to do something about it, email us Whether it is one hour a week or one day a week or more, you can make a difference.


loughbrickland said...

Reporting from Los Angeles and Washington -- The major banks now collecting federal bailout money were not unwitting victims of the mortgage meltdown but instead were directly linked to the root cause of the problem: a subprime lending machine concentrated in Southern California, a new study asserts. The banks were "enablers that bankrolled the type of lending threatening the international financial system," according to the study being released today by the Center for Public Integrity, a Washington-based watchdog group. The center collected data on the top two dozen subprime lenders in an effort to paint a comprehensive picture of how each major player was linked to the banking system.

"What happened to our largest financial institutions was very much a self-inflicted wound," said the center's executive director, Bill Buzenberg. "These banks owned many of the subprime lenders and financed their lending in order to get bundles of mortgage-backed securities that they could sell, reaping enormous profits."

The report noted that investment banks Lehman Bros., Merrill Lynch, J.P. Morgan and Citigroup "both owned and financed subprime lenders," and that others, including Goldman Sachs & Co. and Swiss bank Credit Suisse First Boston, were major financial backers of subprime lenders.,0,6489207.story

brent said...

A war is being fought in this country, A war where very few true American patriots can be found. Every day our own neighbors are being financially beaten, their homes are being taken, and they are being left for dead in their own streets, Numerous families are being torn apart, and left hungry and wanting for help. So reminiscent of the old America and England, before the revolution. Yet all the while this is somehow different,. . where as our neighbors and their politicians are all turning a blind eye, Many people in this country have found it easier to look away and to blame the fallen, ("They didn't deserve that loan anyway"), Yet all the while more and more around us continue to fall in internal conflict and pain.

Sometimes I wonder about the Patriotism of so many of my neighbors to whom exclaim it in this country. Hollow words and accusations which seem to be backed by inaction and downright ethical cowardice. . .

When will our neighbors rise to the patriotic levels of our fore fathers, and stand against those in power? , Will they ever courageously stand up against those to whom take our own neighbors property and livelihood by force in the light of day?

Will my neighbors ever find their place in a grand history?. . . . .Or is their patriotism of a convenient way. . . only put forward as long as one doesn't expect anything to be really done by them, or any expectation of sacrifice for their own neighbors

Many more Americans have fallen prey to "To Big To Fail" Financial Corporations, . . Than to any terrorist group, by far . . . . . Will any notice? . . Will any of my neighbors rise and face their enemy, face to face. . . .Or will they run and hide, so they will not be immediately consumed. . . Only a short time will tell . . . . . . .Only a short time is left to act. . . . .

Please help, and show your patriotism by making a stand for your neighbors today! . .

brent said...

Cheap Viagra said...

I do not like to get something that seems to be what it is not. Anyway, what I wanted to mean is that I hate when the is an article or stuff like that, and the headline might not indicate the true content of the matter.

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