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

Thursday, February 4, 2010

Goldman Sachs Links and News - February 4, 2010

Goldman Sachs Group, Inc.Image via Wikipedia
Rivals Await Blankfein's Bonus at Goldman Sachs - The Wall Street ...
By Jack KellyGoldman Sachs's Corrigan Opposes `Volcker Rule' to Limit Bank Risk ...
4 (Bloomberg)
The Great American Financial Sandwich: Goldman Sachs, PricwaterhouseCoopers ...
Huffington Post (blog) 
57% pay rises for Goldman Sachs, as bank claims it showed ...

 Editor's Comment:
Just a slow news day today.  The big story for today was the NY State Attorney General filing a CIVIL Fraud suit against Bank of America, its' former CEO and another high level executive.

As CNN reporter Anderson Cooper asks, "why isn't anyone in jail".  A good question and one I have been asking for quite some time.  If there is fraud then fraud is illegal and should be a criminal offense.  If it were you or I it would be and we would be sitting in jail right now.

Are we playing games here?  So much fraud that caused this collapse and fraud still being committed - especially mortgage foreclsoure fraud.  

Where is the JUSTICE?
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Anonymous said...

Of course you did not go to Washington to bail out the was a bailout of your alma mater, Goldman, and your grand finale!

The books title should be I'm a stinker.

You accomplished the greatest transfer of wealth from the public purse in history...if you don't believe our leaders would do that? Go read Devil Take the Hindmost: A History of Financial will read what men behind the scenes will do to screw others out of money.

For instance, there is the constant recurrence of manipulation of markets by the greedy and unethical, the likes of Jay Gould and his associates.

Look at our modern day Jay Gould!

Whenever someone throws their faith into the equation your antennae should go up! Its a diversion....

Charlie Rose: Henry Paulson, Former U.S. Treasury Secretary – Watch the full episode now.
February 4, 2010

Revisionist galore, new book, what the hey. Expect what you expect. He told Bush in 06, but didn’t see housing, come on Hank you know you saw it all. And all for no taxes on your GS stock!

Anonymous said...

If you watched the video you will understand why Paulson does not support Volcker rules by clicking on following link...what do you think it has to with?

04 February 2010
Of Proprietary Trading and Credit Default Swaps - Mission Accomplished

Goldman is no surprise, because they are nothing but a hedge fund with the right connections and a rolodex full of Senators.

Anonymous said...

you'll never defeat these guys playing straight:

Volcker and Reform Defeated
The Former Fed Chairman Offers A History Lesson, Congress Skips the Class

Mr. Volcker's testimony was at once a brilliant articulation of the structural dangers of Wall Street as it stands and a forceful warning. He clarified the most controversial part of the rule, the ban on proprietary trading for commercial banks.

A bank "trading for its own account, it will almost inevitably find itself, consciously or inadvertently, acting at cross purposes to the interests of an unrelated commercial customer of a bank," he said in prepared testimony.

This state of affairs at big institutions such as Bank of America Corp., Citigroup Inc. and J.P. Morgan Chase & Co. is more than just a conflict. It is an all out internal war at the heart of these institutions pitting the money system so important to the economy with the risk-taking system important only to those who benefit from the betting windfall.

But given the reaction of committee members, the Volcker Rule appears to be doomed. By the end of his testimony the dais was nearly empty. Big bank stocks rallied. The only question now is whether the bill will be gutted or euthanized like failed investment banks would have been under the Volcker plan.

Sen. Shelby has his own interests. He is running for reelection this year. Wall Street has been the leading contributor to his campaign and the leadership political action committee this cycle, with $600,000 in donations through Jan. 10, according to the Center for Responsive Politics. Add the real estate and insurance industries and Mr. Shelby has taken $2 million from financial interests, more than double the contributions from the next leading industry, the CRP said.

RobertM said...

Fraud. Larry hits on the operative word.
Want proof?
Every single day, Dylan Ratigan talks about it on the TeeVee.
Every single day, Karl Denninger lays it out in excruciating detail.
Every single day, a hundred others point the fingers right at the problem.
And............/crickets chirping/....nothing*.

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