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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, July 14, 2009

Ratigan & Ritzholz Razz Goldman Sachs

Editors note: I was hoping to post the segment with Sen. Kaufman that comes right after this one (Ratigan was on fire) but MSNBC hasn't posted it yet. This segment with Barry Ritzholz is almost as good though.

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Posted by RobertM

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