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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

Tuesday, May 12, 2009

Jim Hightower brings on the funny

National radio commentator and writer Jim Hightower has a few words for Lord Blankfein.
Posted by Jim Hightower

Saying that such-and-such is the greediest bank on Wall Street is like someone claiming to have the biggest hairdo in Dallas – the competition is fierce.

Goldman Sachs, however, is a front-runner.

Audio and transcript- Click here


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