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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

Friday, October 9, 2009

Goldman Sachs News and Links - October 8, 2009


Wall Street on Geithner's Speed Dial
Wall Street Journal
The frequency of Mr. Geithner's Wall Street contact pales next to that of his predecessor, Henry Paulson, a former CEO of Goldman Sachs, according to Mr. ...


Crime & Federalism: Rep. Jerry Lewis Gives Goldman Sachs Gold ...
By Mike
Although we often point out that Goldman Sachs was Obama's number one Wall Street supporter, Goldman Sachs owns Republicans, too: A mining company owned by Goldman Sachs and two private equity funds is in line to get a $3 million ...


Goldman Sachs Wins Again [Wall Street] « New York City
By trakkrz-admin
Despite the drama of the past few months (and Matt Taibbi's best efforts), Goldman Sachs' reputation doesn't appear to have been damaged much—at least as far as job seekers are concerned. According to Vault.com—and for the ...


EconomicPolicyJournal.com: Goldman Sachs No Longer a Bank Holding ...
By Robert Wenzel
In a follow up to questions raised by Simon Johnson as to how Goldman Sachs, as a bank holding company, is able to conduct private equity transactions in non-financial industries, I have learned that Goldman is no longer a bank holding ...


US Recession May Erase Prior Expansion's Jobs, Goldman Says
Bloomberg
... may wipe out all the jobs created during the previous expansion, according to Ed McKelvey, a senior economist at Goldman Sachs Group Inc. in New York. ...


Goldman Sachs, Obama, Geithner, and 'special interests ...
The cynics, and the lobbyists, and the special interests who've turned our government into a game only they can afford to play. They write the checks and you get stuck with the bills, they get the access while you get to write a letter; ...

US Jobless Rate May Reach 10.5% by End of 2010, Goldman Says
Bloomberg
... by the end of 2010 as the world's largest economy struggles to recover from the worst recession in over six decades, Goldman Sachs Group Inc. said. ...

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