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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

Saturday, January 23, 2010

Supreme Court Gives Goldman Sachs and Other Corporations More Political Power

The current United States Supreme Court, the h...Image via Wikipedia
The Supreme Court's recent ruling to allow corporations unlimited spending on campaign advertising puts yet another nail in the coffin for freedom and democracy.
It further empowers Goldman Sachs to control and dictate our political system, our laws and our freedoms.  It challenges the very nature of our Democracy and begins to ring true of Fascism where corporations control a nation.

We are wittnessing the demise of the nation our forefathers laid some very solid foundations for. 

Please go to our sister publication, to read my article,  "Barack Obama Disagrees with Supreme Court Ruling" here and view Senator Raskin's video.
...the recent Supreme Court ruling allowing corporations and unions unlimited spending to run their own campaign ads for or against candidates running for office.  This 5 to 4 decision by the Justice's  will drastically change the outcomes of any election and democracy as we know it.

If we thought GS has too much influence in our government now, this ruling may just turn them into a dictatorial ruling power.  If we don't stop this now, we may be lost for ever. 

Understand also that the Federal Reserve is a private corporation and as such would also be allowed to wage advertising campaigns for or against candidates on local, state and federal levels.  If allowed unlimited spending, the Fed obviously has an unlimited supply of money.  They can create it at will and spend it - as they have - with no oversight or direction by the people.  They are a private corporation!


On January 21, 2010, the U.S. Supreme Court ruled that corporations are entitled to spend unlimited funds in our elections. The First Amendment was never intended to protect corporations.
Protect our democracy! Free speech is for people — not corporations.
"American citizens have repeatedly amended the Constitution to defend democracy when the Supreme Court acts in collusion with democracy's enemies, whether they are slavemasters, states imposing poll taxes on voters, or the opponents of woman suffrage. Today, the Court has enthroned corporations, permitting them not only all kinds of special economic rights but now, amazingly, moving to grant them the same political rights as the people. This is a moment of high danger for democracy so we must act quickly to spell out in the Constitution what the people have always understood: that corporations do not enjoy the political and free speech rights that belong to the people of the United States."
- Professor Jamin Raskin, constitutional law expert at American University's Washington College of Law and Maryland state senator

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Anonymous said...

Look up where you favorite senator gets $...this is Schumer's...he fields balls for team goldman:

Larry Rubinoff said...

This is not my "favorite" Senator. His victory is just a signal from the people. Problem is they are given only two choices.

Unfortunately, this is what it takes to get our lawmakers to start paying some attention but it will take much more to really get us back on a democratic path.

I am sure GS contributes to many and that is the problem with the Court's recent ruling. Now they can buy whoever they want.

Also understand, that the Federal Reserve IS A PRIVATE corporation. Now they, too, can spend limitless dollars for or against candidates. They also have the ability to hide this fact due to their total secrecy.

The system is broken. No, the system is "fixed".

Anonymous said...

Good play on words "fixed"..

Greed, Be Thou My God
How Wall Street Destroyed Health Care

It turns one’s stomach to watch libertarians and “free market economists” defend bureaucratized impersonal health care as “free market medicine.” There is no free market present. Corporate lobbies and campaign contributions use government power to create bureaucratized monopolies that destroy medicine for the practitioner and the patient. Wall Street pushes for greater shareholder earnings, which are achieved by denying care.

My doctor has more people employed doing paperwork than he does delivering health care.

While Medicare payments for in-office services to private doctors, including those for blood work and x-ray units, were drastically cut, payments to outside corporate facilities for the same services were increased. It is obvious what is afoot. Corporate lobbies are using their whores in Congress to shift income from physician offices to corporate labs, corporate medical service providers, and hospitals that are owned by national corporations.

Legislation that cuts payments to private physicians and increases the payments to large corporate entities is intended to destroy private practice and to create in its place corporate bureaucracies in which doctors are wage slaves. The physician’s income is diverted to shareholders, CEO bonuses, and Wall Street. Health care is being replaced with health business.

The fate of the health care bill demonstrates the power of private lobbies. What was to be health care for Americans was instantly transformed into 30 million new patients for the private health insurance industry. The “solution” to tens of millions of Americans being unable to afford health care is a law that requires them to purchase a private health care policy or be annually fined. As most of these uninsured Americans cannot afford to purchase a private policy, the plan is for the federal government to use taxpayers’ money to subsidize their purchase of a policy from private companies.

In other words, tax money is being diverted to the pockets of private businesses. This is par for the course in “capitalist” America.

In today’s America, Karl Marx’s criticisms of capitalism are understated. Wherever one looks, the scene is one of the government using taxpayers’ money to enrich private interests. Taxes are collected from people who can barely make it, and the revenues are transferred to multi-millionaires and billionaires. The federal government piles debt on the backs of heavily-burdened and dispossessed Americans in order that investment banksters can pay annual bonuses that exceed the lifetime earnings of most Americans.

The lobbies of greed rule America. The White House, Congress, even the federal judiciary are impotent in the face of capitalist greed. The recent Supreme Court decision permitting corporations to use shareholders’ money in corporate treasuries to influence elections increases the control that corporations have over the outcome of elections and the decisions of the government of the United States.

There is no government of the people, for the people, by the people, only the rule of private interests.

Larry Rubinoff said...

Thank you for the kind comment on my use of the word "fixed"

Also, thank you for the link to Roberts article. I urge everyone to read it. He is a former Assistant Secretary of the Treasury under Reagan and tells it like it is. He sees the erosian of capitalism and democracy.

Anonymous said...

Can someone explain this?

SEC mulled national security status for AIG details
Sun, Jan 24 2010
By Matthew Goldstein

NEW YORK (Reuters) - U.S. securities regulators originally treated the New York Federal Reserve's bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.

The request to keep the details secret were made by the New York Federal Reserve -- a regulator that helped orchestrate the bailout -- and by the giant insurer itself, according to the emails.

The emails from early last year reveal that officials at the New York Fed were only comfortable with AIG submitting a critical bailout-related document to the U.S. Securities and Exchange Commission after getting assurances from the regulatory agency that "special security procedures" would be used to handle the document.

The SEC, according to an email sent by a New York Fed lawyer on January 13, 2009, agreed to limit the number of SEC employees who would review the document to just two and keep the document locked in a safe while the SEC considered AIG's confidentiality request.

NY Fed Used National Security To Keep
Bailout Details Secret From The Public

Anonymous said...

This kind of shows you what the public is up against...this is akin to putting a pedophile as a crossing guard near an elementary school. It's sickening...their all related ie.jpm,gs,fed,etc

"but strategy on the Bernanke confirmation was being led by former Enron lobbyist Linda Robertson, who is viewed as an effective advocate for the banking chief on Capitol Hill."

Two More Senators Endorse Bernanke As Former Enron Lobbyist Garners Support For Yet Another Con

Larry Rubinoff said...

Yes, but "together we can make a difference".

We must all act while we still can and before it is too late.

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