Fraud* 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
Goldman's newest slogan: Bankrupting the world, one country at a time.
Wall St. Helped to Mask Debt Fueling Europe’s Crisis
Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.
As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in Brussels.
Simon Johnson: Goldman Faces Special Audit and Possible Ban in Europe
Regular readers will be aware of our thesis that the American Wall Street banks have become dominated by a culture of compulsive sociopaths who are incapable of reforming or restraining their greed. Like all addicts, they push the envelope looking for a new high, emboldened by each successful scam, the weakness of regulators, and the craven support of politicians, going further and further until at long last they go one step too far, with spectacularly destructive results.
Goldman Sachs may have reached that point. And as also suggested here, the rebuke may be coming from European and Asian nations who become weary of the extra-legal antics of the rogue American banks.
Wall Street Is A High-On-Crack Driver That Just Smashed Into Your House Janet Tavakoli | Feb. 15, 2010, 7:41 AM
Global Ponzi Scheme
Fraud by borrowers, fraud on borrowers, and speculation by people who thought home prices would rise forever have all tarnished mortgage lending. Yet this pales compared to the epidemic of predatory lending.
Predatory snipers committed financial murder as deliberately as British soldiers sold smallpox contaminated blankets to Native Americans. Honest homeowners were systematically targeted and actively misled into bad mortgage products. Loans were presented as gifts, but these Trojan horse loans hid destructive risk. "Disclosures" were acts of malice.
When Wall Street packaged these loans and sold deceptive "investments," documents did not specifically disclose that credit ratings were misleading. If you know or should know a car's gas tank will blow up, you cannot use a misleading third-party consumer report as an excuse. Yet bonus-seeking bankers used this sort of excuse to get through a few more highly-paid bonus cycles, before it all fell apart. Only the elite crowd of insiders prospered.*
This was the most massive Ponzi scheme in the history of the global capital markets. U.S. taxpayers became unwilling unsophisticated investors when we bailed out the financial system. We must hold Wall Street accountable for its fraud.
Is Goldman one of these entities? ie ROGUE In this interview Jim discusses the wreckless actions of an out of control banking system and also shares information that has never before been broadcast to the public, the gold market, criminal banking syndicates, their control of markets and governments as well as the fact that they are sociopaths, these sociopaths out of control and are now attacking countries - not just companies, loss of confidence in currencies, the problems in Greece, the fact that many states are bankrupt, bankruptcy of the system, why the little guy gets hurt, Bert Seligman & Jesse Livermore, JP Morgan’s appeal to Jesse Livermore, and more. http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/2/15_Jim_Sinclair.html
4 COMMENTS:
Their the smartest, right?
60 Minutes: A Sucker Still Being Born Every Minute
http://tinyurl.com/ykoqbb8
Simon Johnson: Goldman Faces Special Audit and Possible Ban in Europe
Regular readers will be aware of our thesis that the American Wall Street banks have become dominated by a culture of compulsive sociopaths who are incapable of reforming or restraining their greed. Like all addicts, they push the envelope looking for a new high, emboldened by each successful scam, the weakness of regulators, and the craven support of politicians, going further and further until at long last they go one step too far, with spectacularly destructive results.
Goldman Sachs may have reached that point. And as also suggested here, the rebuke may be coming from European and Asian nations who become weary of the extra-legal antics of the rogue American banks.
http://jessescrossroadscafe.blogspot.com/2010/02/simon-johnson-goldman-faces-special.html
Wall Street Is A High-On-Crack Driver That Just Smashed Into Your House
Janet Tavakoli | Feb. 15, 2010, 7:41 AM
Global Ponzi Scheme
Fraud by borrowers, fraud on borrowers, and speculation by people who thought home prices would rise forever have all tarnished mortgage lending. Yet this pales compared to the epidemic of predatory lending.
Predatory snipers committed financial murder as deliberately as British soldiers sold smallpox contaminated blankets to Native Americans. Honest homeowners were systematically targeted and actively misled into bad mortgage products. Loans were presented as gifts, but these Trojan horse loans hid destructive risk. "Disclosures" were acts of malice.
When Wall Street packaged these loans and sold deceptive "investments," documents did not specifically disclose that credit ratings were misleading. If you know or should know a car's gas tank will blow up, you cannot use a misleading third-party consumer report as an excuse. Yet bonus-seeking bankers used this sort of excuse to get through a few more highly-paid bonus cycles, before it all fell apart. Only the elite crowd of insiders prospered.*
This was the most massive Ponzi scheme in the history of the global capital markets. U.S. taxpayers became unwilling unsophisticated investors when we bailed out the financial system. We must hold Wall Street accountable for its fraud.
http://tinyurl.com/y9h7wt6
Is Goldman one of these entities? ie ROGUE
In this interview Jim discusses the wreckless actions of an out of control banking system and also shares information that has never before been broadcast to the public, the gold market, criminal banking syndicates, their control of markets and governments as well as the fact that they are sociopaths, these sociopaths out of control and are now attacking countries - not just companies, loss of confidence in currencies, the problems in Greece, the fact that many states are bankrupt, bankruptcy of the system, why the little guy gets hurt, Bert Seligman & Jesse Livermore, JP Morgan’s appeal to Jesse Livermore, and more.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/2/15_Jim_Sinclair.html
http://tinyurl.com/yeznmpu
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