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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

Monday, July 6, 2009

Treasury Secretary "works for Goldman Sachs"

Editors note: At the end of a great discussion on where we are headed as a country, former editor and columnist for the Wall Street Journal and Business Week, Paul Craig Roberts, who served as an Assistant Secretary of the Treasury in the Reagan Administration, earning fame as the "Father of Reaganomics,", was asked this "What should the Treasury Secretary be doing?"

"....saving the dollar."

"Does the US Treasury Secretary work for the people or does he work for the baking system on Wall Street?"

"He works for Goldman Sachs !"


Larry Burnett said...

Bush and Obama appointees have literally robbed the American people blind henry paulson  goldman and sacs this man is worth $ 700,000,000 . Robert rubin net worth 100,000,000 apponted by Clinton both treasury secretary. Our Government is so corrupt wall street has highjacked washington. They have literally forced threaten congress to sign a 700,000,000,000 bailout bill to these failing corporations. This is insane, what are we going to do ?It is becoming increasingly clear the people we are sending to washington care about one thing and that is enriching themselves at taxpayer's expense. Lock and Load  March on washington is inevitable. 

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