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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 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
True/Slant
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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The men the American people admire most extravagantly are the greatest liars; the men they detest most violently are those who try to tell them the truth. … H.L. Mencken

An age is called Dark not because the light fails to shine, but because people refuse to see it…James Albert Michener, novelist (1907-1997)

It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime. … Thomas Paine 1737-1809, Anglo-American Political Theorist, Writer

Laws just or unjust may govern mens actions. Tyrannies may restrain or regulate their words. The machinery of propaganda may pack their minds with falsehood and deny them truth for many generations of time. But the soul of man thus held in trance or frozen in a long night can be awakened by a spark coming from God knows where and in a moment the whole structure of lies and oppression is on trial for its life.: Sir Winston Churchill

When governments fear the people, there is liberty. When the people fear the government, there is tyranny. - Thomas Jefferson

When cheaters prosper, we end up with the worst possible system and to call it a free market system is an obscenity. -William Black

When the people fear their government, there is tyranny; when the government fears the people, there is liberty." - Thomas Jefferson

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.
Thomas Jefferson - 1802

Don't be afraid to see what you see.

..................................... Ronald Reagan

When the people and the government fear Banksters like Goldman Sachs and JP Morgan, there is economic dictatorship that will destroy the very fabric of our existence as a civilized society.
Mike Morgan

Let me control the money of a nation and I care not who makes its laws.
Meyer Amsheil Rothschild

Together We Can Make A Difference!
Larry Rubinoff
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