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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

Monday, May 11, 2009

Mad Money Cramer defends Goldman

Editor's note: You gotta know times are tough when you have Cramer the Crazy defending you.

Cramer - Mad About Goldman (GS)
by Ockham Research Staff

As always, its not easy keeping up with Cramer. He mentioned Goldman Sachs (GS) at least five times during the broadcast on Friday, and each time it seemed to be more and more ferocious. Generally, Cramer likes to avoid some of the more directly confrontational discussions with regulators, despite the media making him out to be a rabid dog. But following Stephen Friedman’s resignation last Thursday, it appeared that he just couldn’t hold back.
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Posted by RobertM

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