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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, August 10, 2009

Goldman Sachs in Talks to Acquire Treasury Department

THIS IS NOT A TRUE STORY but please read on.

In the throes of what history will report as the worst economic disaster this country has ever experienced and as we all are facing our own crisis, it is sometimes good to add a little humor to the situation.

This blog post from the BOROWITZ REPORT does just that. Its' title immediately sets the stage and offers up a chuckle.

Goldman Sachs in Talks to Acquire Treasury Department

Sister Entities to Share Employees, Money

In what some on Wall Street are calling the biggest blockbuster deal in the history of the financial sector, Goldman Sachs confirmed today that it was in talks to acquire the U.S. Department of the Treasury. In what some on Wall Street are calling the biggest blockbuster deal in the history of the financial sector, Goldman Sachs confirmed today that it was in talks to acquire the U.S. Department of the Treasury.

Read Full Article...Click Here

Enjoy the laugh, now we can get back to the serious issues at hand with Goldman Sachs in my next post.

2 COMMENTS:

DavidC said...: Wah! Thank Heaven it's not true!

Minor point of information - it's throes, not throws...

DavidC; August 10, 2009 at 8:02 PM
Maggie Knowles said...: subtext; August 19, 2009 at 8:15 PM

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The men the American people admire most extravagantly are the greatest liars; the men they detest most violently are those who try to tell them the truth. … H.L. Mencken

An age is called Dark not because the light fails to shine, but because people refuse to see it…James Albert Michener, novelist (1907-1997)

It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime. … Thomas Paine 1737-1809, Anglo-American Political Theorist, Writer

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Thomas Jefferson - 1802

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