Thanks to a reader who left this link on their comment. You gotta hear this. (4:33). Good questions - BS answers from our former Treasury Secretary. Remember, the AIG bailout mostly benefited GS.
Now watch our current Treasury Secretary. More BS. Watch his facial expressions as well as his eyes. They speak volumes. (9:00)
GoldmanSachs666 Message Board
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". 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