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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

Thursday, October 1, 2009

GoldmanSachs Info and News Links - Sept. 29, 2009

The Great Goldman Sachs Senate-Lobbying Fail | The Awl
By Choire
Adorable! Goldman Sachs is, as always, down in DC, lobbying Congress. Except now, unlike the quiet, dignified reception to which the GS folks are accustomed,

One of those seemingly-plausible analyses that could just as ...
By Andrew Gelman
Then he drew up a simple list, ranking the institutions from most to least Republican: Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley and Goldman Sachs. (Yes, Republican Hank Paulson is an alumnus of Goldman Sachs. ...

Economist's View: "An Inside Look at How Goldman Sachs Lobbies the ...
By Mark Thoma
I am not as negative toward naked short-selling as Matt Taibbi (feel free to convince me I'm wrong), but his insights into the lobbying effort against financial reform are useful, and I share his concerns about the distortions (eg ...

Goldman's Bane Assails Firm on Lobbying Effort
New York Times
It is no surprise that Goldman Sachs has been lobbying Congress hard over the past few months as Washington debates new rules to curb financial speculation. ...

An Inside Look at How Goldman Sachs Lobbies the Senate
Two guys from Goldman Sachs, plus reps from Citigroup, Citadel (a hedge fund that has done the occasional short sale, to put it gently), Credit Suisse, ...

Goldman Sachs, and a History of Financial Crisis | CrossLeft
I thought of Groucho's quote when I read Matt Taibbi's article for the July 13, 2009 edition of Rolling Stone magazine on the role that Goldman Sachs has played in contributing to the tech bubble of the 1990s and the housing bubble of ...

Bailed-out Goldman Sachs, CEO land top honors
Boston Herald
By Jay Fitzgerald A Boston-based magazine

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