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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 18, 2009

Goldman Sachs Links and News - November 18, 2009

Goldman Sachs | Press - Goldman Sachs Launches 10000 Small ...
Nov 17, 2009 ... November 17, 2009 – The Goldman Sachs Group, Inc. (NYSE: GS) today announced

Goldman Sachs Would Have Been Damaged By AIG Failure: SIGTARP Report
Huffington Post (blog)
Last April, Goldman Sachs CFO David Viniar said he was "mystified" by concerns that the government bailout of AIG may have disproportionately favored ...

Goldman was exposed to AIG losses: government report
NEW YORK (Reuters) - Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American ...

Goldman Sachs Says Sorry - The World Newser
By World News with Charles Gibson
recall awhile ago an ex-GS worker named Sergey Aleynikov alledgedly stole the Goldman-Sachs complex proprietory trading software code and tried to put it online (or sell it to others.) The Dept of Justice indicted the guy claiming that ... Goldman Sachs Apologizes
November 18, 2009 Goldman Sachs Apologizes. How exactly do you apologize for being smarter than everyone else? A little more than a week after Goldman's chairman and chief executive drew fire for saying the Wall Street giant was “doing ...

Goldman Sachs Says Sorry For The Housing and Credit Crisis - CBS ...
By Ilyce Glink
Yesterday, something remarkable happened. Someone on Wall Street apologized to everyone on Main Street. Goldman Sachs CEO Lloyd Blankfein said he was.

Goldman Sachs: Here's Some Money, Poor People. Now Shut Up About ...
By Ravi Somaiya
CEO Lloyd Blankfein has made yet another cursory PR gesture - a tiny fund for small businesses - designed to divert attention from $17bn in bonuses he's paying to the bankers who helped drive the economy, Zeppelin-like, into the ground.

What Will the Goldman Sachs Plan Mean to You?
New York Times
By THE NEW YORK TIMES Goldman Sachs and its largest shareholder, Warren Buffett, announced a $500 million plan on Tuesday to help small-businesses ...

Goldman was exposed to AIG losses - govt report
NEW YORK, Nov 18 (Reuters) - Goldman Sachs Group Inc (GS.N) could have suffered dramatic losses if the federal government had not intervened to prop up ...

Report Rebuts Goldman's Claim on AIG
Wall Street Journal
By CARRICK MOLLENKAMP And SERENA NG For more than a year, Goldman Sachs Group Inc. has maintained that it wouldn't have suffered material losses had the ...

Just How Sorry is Goldman Sachs? | Sense on Cents
By Larry Doyle
Blankfein, speaking at a conference today sponsored by Directorship magazine, apologized for Goldman Sachs's role in some of the activities that led to the financial crisis, without providing specifics. “We participated in things that ...


Anonymous said...

A major washington insider speaks to the fact that a deliberate move was made to bubble the economy to the point of collapse..

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