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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

Sunday, September 6, 2009

Crudele on Goldman Sachs

This short post from the Post hits a few nails on the head. I am nearly out of the stock market completely (not that I have a lot to 'invest'). Both fundamentals and technicals appear to be a crap shoot now....up is down....left is right. But we're stuck with reality and something sure is fishy. It sure looks like there's a two-tier market where the corrupt run the game and the common investor takes a beating.

AMERICANS should boycott the stock market.

No, I'm not kidding. And this isn't going to be one of those funny columns.

In fact, I'm deadly serious that investors shouldn't risk any more of their money until there are promises of a thorough investigation of Goldman Sachs.

Over the past few years I've looked into the much-too-cozy relationship between Goldman and Washington.

I've suspected that this Wall Street firm has been acting, in essence, as an arm of the government. And I am also pretty sure that if Goldman and Washington have something secret going on, the investment firm isn't doing it for altruistic reasons. There's money to be made.


Read the full story- Click here


Mystery said...

Goldman Trash

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