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".[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, January 13, 2010

NY Fed Lawyer: Geithner Didn't Need to Know About Goldman Sachs' AIG Payoff

Editor's note: The NY Fed "legal" lackey is claiming he did not find it "relevent to Geithner's interests" during his time at the NY Fed to bring to his attention that the AIG bailout would involve a 100% counterparty payoff which went - as we all know - partially to Goldman Sachs in the form of a dollar for dollar $13 billion payoff. Sounds like a winner to me! - JDA

Oh Timmy, what are we going to do with you?

The Federal Reserve Bank of New York may be compelled to hand over documents related to American International Group Inc.’s government bailout after the chairman of a House oversight committee said he will issue a subpoena.

Edolphus Towns, the New York Democrat who runs the Oversight and Government Reform Committee, said in a statement that he will issue a subpoena today to get New York Fed records concerning the decision it made to fully reimburse AIG’s partners. Banks including Goldman Sachs Group Inc. and Societe Generale SA were among beneficiaries of AIG’s rescue, called by lawmakers a “backdoor bailout” for financial firms.

“This subpoena will provide the committee with documents that will shed light on how and why taxpayer dollars were used for a backdoor bailout,” Towns said in his statement. Jack Gutt, a spokesman for the New York Fed, didn’t immediately return a call seeking comment.

Jr Deputy Accountant is happy to report that Jack Gutt has never returned her emails either though sending incendiary I Saw What You Did There emails doesn't necessarily warrant comment. It's OK, I still saw what you did there.

Read the rest via Jr Deputy Accountant but, uh, you might want to have your barf bag ready before you click.


Anonymous said...

Keep them honest....

Watch Today's FCIC-Banker Hearings Live Commercial Free

Jan 13- 14

Anonymous said...

Doesn't it just wear you out? ....

How can you "refuse" something you're not asked to do?

Someone's full of it here.

The people have had it with the lies, theft and fraud. Lloyd also said in testimony that Goldman "might have participated in the froth in MBS", implying of course that it was "inadvertent."

Post a Comment