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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

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered. "
Thomas Jefferson - 1802

Occupy Wall Street News

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Monday, July 13, 2009

Glenn Greenwald connects Goldman's dots

Editors note: Glenn Greenwald connects Goldman's dots in a way that paints a very ugly picture.


The events preceding Goldman Sachs' new "blowout profits"

Remember all of this -- the $700 billion bank bailout, the AIG scandal, dark and scary threats of imminent global meltdown if there wasn't full-scale capitulation by the citizenry to the immense transfer of public wealth to the private investment banking sector? Such distant, hazy memories: so many exciting celebrity deaths and riveting celebrity resignations ago. If sequences of events like these don't cause mass citizen outrage, then it's hard to imagine what will:

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Read the full story.
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Posted by RobertM

1 COMMENTS:

IT STANDS TO REASON said...

This is an excellent summary. The ability of Goldman Sachs to amass such power is mind boggling. "Power corrupts and absolute power corrupts absolutely." I sense that Goldman Sachs' power is absolute.

July 14, 2009 2:38 AM

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