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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

Tuesday, May 12, 2009

How Goldman Sachs whacked Bear Stearns

Editor's note: Our friend over at Future News Today has a great post on Goldman's involvement with the Bear Stearns collapse. Here's a taste of the good stuff:

There's a new book that's coming out tomorrow on the fall of Bear Stearns. It's called "Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street" and the author is WSJ reporter Kate Kelly.

Ms. Kelly picks up the story when BS is already in the emergency room with a fatal wound. But what she missed is the hit man's bullet that put BS in critical condition.


Read the full story- Click here
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Posted by RobertM

1 COMMENTS:

Frank Hope said...

Thanks for the excellent write up of my article. I noticed a big surge in hits to my website and quickly tracked it back to here. Thanks again. And keep up the fight, because you're definitely getting the word out.

May 13, 2009 at 6:33 PM

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