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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

Saturday, August 8, 2009

Hank Paulson Belongs in Jail - Shut Goldman Sachs Down NOW

Editor's Note: The New York Times just did a piece about how Hank Paulson "may" have violated some ethics rules. "May" is not the right word, because in the very article there is the piece below which shows King Henry was secretively speaking with Lord Blankfein BEFORE he received an ethics waiver.

Wake Up America!

On the morning of Sept. 16, 2008, the day the A.I.G. rescue was announced, Mr. Paulson’s calendars show that he took a call from Mr. Blankfein at 9:40 a.m. Mr. Paulson received the ethics waiver regarding contacts with Goldman between 2:30 and 3 the next afternoon. According to his calendar, he called Mr. Blankfein five times that day. The first call was placed at 9:10 a.m.; the second at 12:15 p.m.; and there were two more calls later that day. That evening, after taking a call from President Bush, Mr. Paulson called Mr. Blankfein again.

When the Treasury secretary reached his office the next day, on Sept. 18, his first call, at 6:55 a.m., went to Mr. Blankfein. That was followed by a call from Mr. Blankfein. All told, from Sept. 16 to Sept. 21, 2008, Mr. Paulson and Mr. Blankfein spoke 24 times.

At the height of the financial crisis, Mr. Paulson spoke far more often with Mr. Blankfein than any other executive, according to entries in his calendars.

This is a must read article in The New York Times - Click Here

5 COMMENTS:

Anonymous said...

PAULSON DESERVE TO BE THROWN IN JAIL NO IF ANS OR BUTS ABOUT IT HE IS NOTHING MORE THEN 800 BILLION DOLLAR CONMAN HE STOOD UP IN FRONT OF CONGRESS VERBALLY TELLS CONGRESS WHAT HE IS GOING TO DO WITH THIS MONEY AND THEN DIRECTLY TURNS AROUND AND GIVES HIS BAIL OUT BUDDIES A FORTUNE LATER STATING HEY I COULD DO THAT I STUCK SOME MOMBO JOMBO SMALL PRINT INTO THE BILL. DO YOU KNOW WHAT I SAY SCREW YOU BUDDY THAT WAS FRAUD YOUR GOING TO JAIL!!!!!!!!!!!!!!!!!!

Anonymous said...

I just wish the NY Times would be intellectually honest and chase out both heads of the GS monster. For the NY Times its always about pin-the-tail on the Republican. Yes, Paulson is an anti-capitalist, big government crook. Yet, Paulson gave to Democrats too over the years. Moreover a lot of Goldman is Democrats and got Obama elected. Paulson's horrible decisions also helped to ensure Obama was elected. But Paulson ain't around anymore. So why won't the NY Times focus on NOW. Goldman is running wild on Wall Street right now under Obama and the Democrats. All of Goldman needs to be kicked out from government.

mike said...

Paulson is much better than former NYSE head $180 million bonus baby, FARC smiley faced invest your dirty drug money profits with us, Grasso.

http://dissidentvoice.org/Articles/FittsSmugPug_files/image007.jpg

Anonymous said...

I'm amazed with the "uselessness" and "stupidity" of the US congress and senate after watching those inquiries on the financial crisis.

Those financial "WMD" are worst the Osama Bin Laden.

No culprit is thrown into jail yet with so many Board of inquiries. The Congress actually gave Wall Street trillions of bailout money.

HA Ha Ha, no wonder your country is in such a mess.

The taxpayers are screwed by their own government!!!!

All talks but no action.

Cheap Viagra said...

I think Hank Paulson has done a great work!
There may be some stuff to improve, but in general, Everything is going to be fine!

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