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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

Wednesday, November 11, 2009

Goldman Sachs Links and News - November 11, 2009

In Charity Tax Filing, a Glimpse of Goldman
New York Times
By GERALDINE FABRIKANT The latest tax filing for Goldman Sachs's foundation is as thick as a phone book. The list of trades is more than 200 pages, ...

Goldman Sachs CEO Lloyd Blankfein: Our Employees Are Among The ...
By The Huffington Post News Team
For those concerned about how Goldman Sachs is set to bring in record-breaking profits while the broader economy remains downright stalled, there is one simple explanation: Goldman employees are just more productive than you.

Goldman defends pay, profits
Wall Street Journal
By JESSICA PAPINI Goldman Sachs Group Inc. Chairman and Chief Executive Lloyd Blankfein, defending the investment bank from public criticism over pay and ...

Shellshocked Goldman Sachs Bankers Have Just Stopped Reading The News
By John Carney
Now if Blankfein decides to donate - and ignore all tax-related benefits on top of it - the entire 2009 bonus pool of Goldman Sachs to charity, that would be newsworthy. And may then prompt/shame other firms to do the same. ...

Over $1 Trillion In Excess Reserves? Not A Problem According To ...
By Tyler Durden
Or so claims Goldman Sachs in this extended expose on why central planning is in fact good for Communist America. Also, for anyone who still doesn't understand how modern Fed-subsidized cash hoarding works, this primer should explain it ...

Goldman Sachs, Big Swinging Bank, Rejects TBTF Label
By Alain Sherter | Nov 11, 2009 Goldman Sachs chief executive Lloyd Blankfein is wading into the growing debate over whether US banks should be broken up. ...

Op-Ed Columnist Virtuous Bankers? Really!?!
New York Times
By MAUREEN DOWD In an interview with The Sunday Times of London, the cocky chief of Goldman Sachs said he understands that a lot of people are “mad and bent ... » I'm Doing 'God's Work'; Meet Mr. Goldman Sachs
By Kevin
I'm Doing 'God's Work'; Meet Mr. Goldman Sachs. November 10th, 2009. Via: Times: It's the site of the best cash-making machine that global capitalism has ever produced, and, some say, a political force more powerful than governments. ...

Blankfein Defends Goldman From Ever-Increasing Desire To See The ...
By Tyler Durden
Apparently, Goldman's apparatchiks have realized that the tide of public anger is shifting from a broad, blind anger aimed at the generic concept of "Goldman Sachs", into a definitive policy approach that recommends the immediate tear ...


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