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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

Thursday, January 28, 2010

Former Goldman Sachs CEO and Former Treasury Secretary Stutters Through Hearings

 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)


Anonymous said...

How could you ever find out anything in the allotted time? You can't therefore you won' design?

Anonymous said...

Secret Banking Cabal Emerges From AIG Shadows: David Reilly

Jan. 29 (Bloomberg) -- The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

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