The headline at Market Watch was actually "Obama Wants SEC to Peer Into Books of Hedge Funds" http://www.marketwatch.com/story/obama-wants-sec-to-look-at-hedge-fund-books?siteid=yahoomy
But I immediately thought the headline should have replaced Hedge Funds with Goldman Sachs. Think about all of the allegations leveled against Goldman Sachs recently. And then consider that there is not a single investigation opened by any government watchdog agency. Even when the head of the NYSE, a former Goldman Sachs director hints about trading problems, all of the big shots in DC turn their heads the other way.
Why? Money. Goldman Sachs and their friends on Wall Street own Barney Frank, Chris Dodd, Nancy Peolsi, Harry Reid, Charles Schumer, Bobo Biden and President Obama. Above all, they own Obama. From start to finish, here is a guy that came from nowhere and raised more money than any politician in the history of the United States (from Wall Street) . . . and with no experience whatsoever is elected President.
Then, instead of CHANGE, he not only approves of the Paulson Heist, but Obama puts the Paulson Heist on steroids. The banksters on Wall Street walk away with billions, and now Obama wants to pin it on Hedge Funds.
Even the Queen of Wall Street, Meredith Whitney, sold out to Goldman Sachs this week. Sometimes I wonder if people like Meredith, Carney Frank and Chris the Dodgster understand the consequences of what they are doing here. Because working for Satan will get them nothing more than a few nice dinners here and a boiling bed down the road. If you think that's harsh, talk to me in a year or two. But when it comes to Frank and Dodd, talk to me now. These two men are criminals that are apparently above the law. Why?
So as we go 360 on this ditty, I sadly smirk that the banksters and the gangsters in Washington have hooked up with the raconteurs on CNBC and the Economic Royalists that never have enough . . . but they're all headed for the same boiling bed. The sad part of what is unfolding, is that hundreds of millions of people will suffer, as the Goldman Sachs of the world systematically rape pension funds, endowments, fiduciary money they are supposed to be protecting and along the way wreak havoc throughout the world in countries that have never even heard of Goldman Sachs.
GoldmanSachs666 Message Board
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". 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