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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

Monday, October 19, 2009

Mish's Global Economic Trend Analysis on Goldman Sachs...Where The Hell Is The Outrage?

As I reported earlier in one my Goldman Sachs News and Links n October 15th,, much has been written from various sources concerning the  announced $23 billion in bonuses at Goldman Sachs but as Mike Shedlock states, in his blog, Mish's Global Economic Trend Analysis"...few have expressed outrage over what is happening in general, not just at Goldman Sachs" 

Mish's Global Economic Trend Analysis has compiled many stories and videos of recent days and posted them all in one article.  Several of our  volunteer contributors also reported and commented on several of the same stories, Please go back and read them.  If you have a story you would like to write about, contact me at  We welcome your participation.

Mike Shedlock - a registered investment adviser and publisher of Mish's Global Trend Analysi - offers his comments at the end of his post, "His Outrage".

In, "Where The Hell Is The Outrage?" he relays articles from the following:
  • The New York Times about Geithner's appointment book,
  • Jesse's Cafe American recent post on "How Goldman Sachs Leveraged $70 Billion in Government Money",
  • Max Keiser On Fraud, linking part 1 and 2 of his appearance on Face Off (also published here on GoldmanSachs666)
  • Huffingtonn's piece, "The Goldman Tithe,
  • The New York Times, "Bonuses Put Goldman In Public Relations Bind",
  • Glenn Greenwald writing for Salon, "Another Goldman executive named to key government post as its profits skyrocket",
  • The Business Insiders "Adam Storch COO of the SEC"
  • Gary Gensler, Chairman of the Commodity Futures Trading Commission on "Derrivatives Bill's Loophole May Exempt Most Firms"
  • Paul Craig Roberts, writing for CounterPunch, "The Rich Have Stolen the Economy".
  • New York Magazine, "Tenacious Goldman".
He ends his piece with "My Takes", his opinion and overview of what is happening.  His take on:
  • Aig
  • GM
  • The SEC Appintment
  • Derivitives Legislaiton
  • Influence Peddling 
  • "His Outrage"
Our effort is to bring to your attention articles and posts from various sources in addition to our own commentary and research.  As I have said before, we do not have the credibility of ABC, CBS, NBC, CNN, FOX and the multitude of other main stream media sources but our voice can be heard when joined with other voices.  As Mike Morgan has always said, WAKE UP AMERICA.  Freedom of Speech is not only our Constitutional right, IT IS OUR OBLIGATION.

I want to thank Mike Morgan who brought this article to my attention.  I review several hundred posts and articles each day but often miss ones like this.  Having read Mish's blog before, I now feel he is entitled to a link on our site so that we can readily visit him from time to time.

We all should be outraged, I know I am.  We are being attacked by economic terrorists - a harsh term - who by the very definition of terrorism instill fear in others.  The fear these people instill in us on a daily basis - job loss, home loss, health care loss and more -  also takes away our dignity.  To add insult to injury they are using "our money" to do this with. 

As most of us can hardly afford food, those we speak of are lavishly dining out.  As many of us don't have jobs to go to, those we speak of are traveling in their limo's, private jets or riding First Class on commercial airlines.

MORE OUTRAGEOUS then anything is that they blatantly throw their actions in our faces.  Remember that line from the move Network...
"I'm mad as hell and I'm not going to take it anymore". 
We should all be screaming that phrase out loud.

Wake Up America, the time has come to fight back by speaking out.  Let's hear your outrage.  We will publish them here.  You voice can be heard.

Read The Full here


Anonymous said...

Hank Paulson Held A Secret Meeting With Goldman Sachs In Moscow

When Paulson learned that Goldman’s board would be in Moscow at the same time as him, he had [Treasury chief of staff] Jim Wilkinson organize a meeting with them. Nothing formal, purely social — for old times’ sake.

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