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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

Wednesday, December 2, 2009

Goldman Sachs Arming Themselves

In a Bloomberg report by Alice Schroeder, Arming Goldman With Pistols Against Public she writes;
“I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.

I called Goldman Sachs spokesman Lucas van Praag to ask whether it’s true that Goldman partners feel they need handguns to protect themselves from the angry proletariat. He didn’t call me back. The New York Police Department has told me that “as a preliminary matter” it believes some of the bankers I inquired about do have pistol permits. The NYPD also said it will be a while before it can name names.

If this in fact is true - the NYPD seemed to indicate that it was - then you now have a criminal element raoming the streets of New York who could be considered "armed and dangerous".  It is becoming so apparent to everyone that Goldman Sachs created a system by manipulating the system to transfer as much wealth as possible to themselves.  Aided by planted government officials - like Henry Paulson - they are robbing this country and our people blind. 

Blankfein is stepping all over himself to excuse his actions.  From foolishly believing that he is doing God's work to admitting but not aplogizing for "creating this problem".  It is obvious that while GS people are highly knowledgeable in high finance with the ability to create and perform outside the law - they simply are just not that smart.  In fact, they are truly showing their stupidity as most who perform criminal actions eventually do.

Yet with all the outrage by this blog, various media outlets and mostly the people of this country there seems to be little - in fact no = efforts from our Justice Department.  Is Eric Holder as Attorney General of the United States just another puppet?  Is he afraid of the GS Cartel?  Mexico has its problems with the drug lords and cartels, Columbia had the same problems and in fact, Afghanistan has this same problem also.  These cartels operating in these countries are holding those countries hostage not unlike the GS Cartel is doing here in this country.  

There you have it. The bailout was meant to keep the curtain drawn on the way the rich make money, not from the free market, but from the lack of one. Goldman Sachs blew its cover when the firm’s revenue from trading reached a record $27 billion in the first nine months of this year, and a public that was writhing in financial agony caught on that the profits earned on taxpayer capital were going to pay employee bonuses.(emphasis added)

This slip-up let the other bailed-out banks happily hand off public blame to Goldman, which is unpopular among its peers because it always seems to win at everyone’s expense. 

Ms. Schroeder says that "..if we had a complete meltdown, it could lead to people questioning the basis of the system.”.  Well, we are questioning the "basis of the system".  That is where all the public outrage is coming from.  Americans are "waking up".  They are hungry, unemployed and becoming homeless realizing who it is that is stealing their existence yet "the system" is failing us.  All segments of our government from Congress to the White House as well as our regulatory agencies like Justice, SEC, FDIC and Homeland Security are failing us.  This looks like the end of Democracy in our Republic as our forefathers had envisioned.  A land with a Constitution that no longer has meaning. A land where if you are "too big to fail" with too many accomplices at the highest levels of government you become King

Armed and Dangerous - that should be the by line for Goldman Sachs.  We have known all along that they are dangerous now we know that they are armed.  Is Goldman Sachs preparing for the final stages of a revolution?

We need to restore the Republic.  Investigate The Federal Reserve.  Investigate the SEC, the FDIC (who gives bank status to those who are not banks for the purpose of aiding and abetting the crimes) and all elected and non elected officials who support these illegal activities and violate the rights of the people who they have sworn to protect and defend.

Read all of Alice Schroeder's Article...click here 



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