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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

Thursday, October 29, 2009

Goldman Sachs Links and News - October 29, 2009

Did NY Fed Engineer Sweetheart Deal for AIG Debt Holders?
The New American
While the full story of the secretive backroom deals cut by the New York Fed with the likes of Goldman-Sachs, France's Société Générale, and Germany's ...


Wells Fargo (NYSE: WFC) and Goldman Sachs (NYSE: GS) See Protesters on Monday
American Banking News
The protests began in the morning outside the offices of Goldman Sachs, where protesters demanded to see CEO Lloyd Blankfein, but instead settled for ...


Goldman Sachs (NYSE:GS) Economist Says Home Prices Could Plunge 10% in 2010
American Banking News
Several economists at Goldman Sachs (NYSE:GS) say that home prices in 2010 could plunge by up to 10 percent by mid-2010, and over the next several years ...


Goldman Sachs (NYSE: GS), Wells Fargo (NYSE: WFC) Picketed at ...
By Gary
Stirred up by union activists in Chicago, protesters picketed the offices of Goldman Sachs (NYSE: GS) and Wells Fargo (NYSE: WFC), and then went to the Sheraton.


Loans Goldman bought didn't get much scrutiny
KFSM
Goldman Sachs Group got into the residential mortgage business in 1984, and for 17 years, it ran a staid operation that simply bought and sold loans. ...


Protesting against Lloyd Blankfein and Goldman Sachs over Stella d ...
By Justin Fox
This was the scene in front of Goldman Sachs CEO Lloyd Blankfein's apartment building Sunday, as photographed by TIME's Deirdre van Dyk (who came across it after running a race in Central Park).


Everything Warren Buffett: BBC: Buffett on Goldman Sachs deal
By Darren Rickard
When the market was fearful last September, Mr Buffett was greedy, putting $5bn (£3bn) into the investment bank Goldman Sachs on favourable terms. He says he was only able to negotiate the deal because not many people had $5bn to hand ...


Goldman Blasted For Sucking On Lehman's Corpse
By Joe Weisenthal
Goldman's looking for $2.5 billion from bankrupt Lehman, but at one point it said its exposure was negligible.


Whitney Tilson: We Need To Break Up Goldman Sachs
By Henry Blodget
Whitney's answer to the Goldman problem, Wall Street reform, and the TARP pay cuts.


What Bill Belichick Can Teach Goldman Sachs
Wall Street Journal (blog)
In short, the New England Patriots, like Goldman Sachs, is a team that a lot of people love to hate and probably often will. It is one of the tradeoffs that ...


Capmark Financial files for bankruptcy: reports
MarketWatch
A group of funds -- composed of Kohlberg Kravis Roberts & Co, Goldman Sachs Group's (NYSE:GS) Goldman Sachs Capital Partners and Five Mile Capital -- owned ...


Choose anyone but Corzine
Dailyrecord.com
The only problem: He meant he'd run it like Goldman Sachs — Corzine's former fiefdom where the Golden Rule is to enrich the insiders. ...

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