Goldman Sachs: Information, Comments, Opinions and Facts: Goldman Sachs Links and News

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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

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Shenzhen Nanshan Refuses Goldman Demand for Payment
BusinessWeek
Gripping Reality: Sorkin's Too Big to Fail
Seeking Alpha (blog)
McCarra / Poetry: Goldman Sachs (or "Greed")
By MaryAnn McCarra-Fitzpatrick
New York Needs Wall Street
Huffington Post (blog)
In the FT's parallel universe, Goldman Sachs boss is the hero of ...
By Editor
Goldman Sachs and Others Investigated for Betting Against ...
By nospam@example.com (JGT)
Goldman Sachs and Others Investigated for Betting Against ...
By Truth
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Goldman Sachs and Others Investigated for Betting Against Securities They Created
AllGov
CompliancEX: Goldman Sachs Mortgage Bets Said to Draw Probe by ...
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Stimulus timing
New York Times (blog)
Hoffa Says Goldman Sachs Driving YRC Into Bankruptcy (Update1 ...
The past and future decade in business at a glance
ABC News

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Editor's Picks:
The Being Brand: Being Goldman Sachs XII
By Judith Ellis
Relax Your Jaw: Saving Goldman Sachs: The Lender as Sucker in High ... By Paul Rothstein
EconomicPolicyJournal.com: Response to Goldman Sachs
By Robert Wenzel

Famous Quotes

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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2 COMMENTS:

Anonymous said...: Responding to Goldman Sachs

From her website:

Goldman Sachs recently acknowledged that I warned (using fact based analysis) about these grave risks at the time it manufactured value-destroying CDOs, but it said my opinion was in the “minority.” Goldman would have you believe it the financial equivalent of a member of the Flat Earth Society in the lifetime of Galileo Galilei. Just as a competent long-distance navigator does not care how many nonprofessionals are members of the flat earth society, one does not rely on whether an opinion is in the minority or majority as a basis for performing appropriate due diligence when underwriting a securitization. A reasonable man expects a long-distance navigator to have some competence in his craft, and a reasonable man can expect a certain level of competence (and standards) from underwriters. A basic investigation of the underlying collateral revealed grave risks–not reflected by the ratings–compounded by suspect securitization practices. Public money was used to bailout AIG in an extraordinary crisis, and the general public are not sophisticated investors. The argument that AIG was a sophisticated investor no longer applies as a reason to avoid consequences of this behavior

http://tinyurl.com/y878pvq; December 30, 2009 at 12:22 PM
MaryAnn McCarra-Fitzpatrick said...: Thanks for posting a link to my poem "Goldman Sachs or 'Greed'" one in my "seven deadly sins" series of poems.

Cheers,

MaryAnn; January 4, 2010 at 3:09 PM

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Monday, December 28, 2009

Goldman Sachs Links and News - December 28, 2009

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