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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, December 30, 2009

Goldman Sachs Links and News - December 30, 2009

Goldman Sachs Group, Inc.Image via Wikipedia
Goldman Sachs Should Have Known Its Gun Was Loaded, And It Owes ...
By Janet Tavakoli How Goldman Sachs Made Tens Of Billions Of Dollars From The ...
By Truth is Contagious
JP Morgan and Goldman Sachs Trillions Deep In Derivatives or ...
MURDER OF LEHMAN BROTHERS: Goldman Sachs Buys $57 Million in ...
By Murder Of Lehman Brothers 
China firm refuses to pay Goldman on oil hedging losses
2010 Will be Challenging for Goldman Sachs
Huffington Post (blog)
subrealism: small chinese firm gives goldman sachs the finger
By CNu 

What You Should Know About Goldman Sachs (KO) The New York Times and Goldman Sachs
Seeking Alpha (blog)
The New York Times and Goldman Sachs
Seeking Alpha (blog)
Goldman Sachs Unit Buys $57 Million in Lehman Claims From Japan's ...
By Linda Sandler Dec. 29 (Bloomberg)
Goldman Sachs- Crimewatch- Goldman Sachs Executives Calls City Of ...
By zionistgoldreport
Chinese firm says won't pay Goldman on options losses
Goldman Sachs: Following God or the Devil?
Seeking Alpha (blog)
Goldman Sachs Mortgage Bets Said to Draw Probe by Regulators

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RobertM said...

I agree with Larry in hoping the new year brings an end to the injustice of a corporate owned government. I see others are beginning to join the hit-em-where-it-hurts club.
Check out this link and video.

I moved my money to a credit union a few years ago before the crash, shortly after I started listening to the conference calls Mike Morgan (this site's founder) used to do. While as a single individual, it has no effect (other than making me feel better) but if enough people move their money from the too-big-to-fail banks, it can have a tremendous effect.
"You know, it occurs to me that the best way you hurt rich people is by turning them into poor people." Dan Akroyd from the movie Trading Places.
I'm gonna say something that is going to drive the low-tax folks crazy but the best times in America were when the upper 1% of Americans were held in check by high taxes. When the uber-rich are allowed to have their way with the economy, people suffer. When the incentive to make money just for the sake of making money, more money than you could ever spend is reduced and held in check with regulations and taxes, it's good for everyone. The playing field is more level, there's less corruption and powerful players can't reek havoc with the economy. I believe in capitalism and fair markets, neither of which we have now. We have a form of corporate welfare.
Moving your money is one solution to decreasing the power the banks have over our corrupted system of governance.

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