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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

Tuesday, February 16, 2010

Goldman Sachs Links and News - February 15, 2010


Goldman Sachs Group, Inc.Greece's Goldman Sachs Swaps Spawn EU Dispute on Disclosure
BusinessWeek
Goldman Sachs Hid Greece's Debt - The Daily Beast
Goldman Sachs in new storm over secret deal to mask Greek debts
Daily Mail
UNDERNEWS: GOLDMAN SACHS HELPED GREECE COVER UP ITS HUGE DEBT
By TPR 
Greece (not Grease) and Goldman Sachs | Stock Trading Alerts and ...
By Stock Trading Tips
Goldman Sachs Shorted Greek Debt After It Arranged Those Shady Swaps
The Business Insider 
Did Goldman Sachs help Britain hide its debts too?
Telegraph.co.uk (blog)
 Goldman Goes Rogue – Special European Audit To Follow « The ...
By Simon Johnson 
Goldman Sachs facesRobin Hood tax voterigging claims Telegraph
Goldman Sachs is investigating claims that one of its computers was used to rig a public vote
Financial Crises: Is Goldman Sachs Ubiquitous?
Seeking Alpha (blog)
Now Goldman Sachs (GS) is being painted into the center of the emerging picture of the Greek crisis.
Greek Probe Uncovers 'Long-Term Damage' From Swaps Agreements
BusinessWeek
Goldman Sachs again? « Gretawire
By Greta Van Susteren
How come Goldman Sachs is part of so many catastrophic economic scenes?
Goldman Sachs\' role in Europe\'s Financial Crisis – DAILY KOS ...
Goldman Sachs has been helping to conceal the the size of the deficits the Greek Government was running up since ...
EconomicPolicyJournal.com: Bombshell: Goldman Sachs Helped Greece ...
By Robert Wenzel 
Volcker to Goldman Sachs: give up banking
New York Post (blog)
FT.com / Companies / Banks - 'Volcker rule' gives Goldman stark choice

Editor's comments:
Well, the grease on Greece has overflowed the "Greece trap".  The cat is out of the bag.  The story is getting legs.  However you want to describe it, Goldman Sachs is doing "The Devils Work" again.  

RobertM, one of our volunteer editor's, wrote on this in the two previous posts,   Now, as you can see by the news links above, the story is gaining strength.  But what surprises me is the relative calm surrounding this accusation from anyone in our government.  What do they actually know about GS involvement in Greece and other European countries?  Timothy Geithner must certainly have some knowledge about this as would his predecessor Hank Paulson.  But then again, they have little memory of the actions that led to the AIG bailout with money flowing out the back door to GS.  I guess, we, the people, are just on a "need to know" basis.  Files must be stamped TOP SECRET/CLASSIFIED.  The sheeple need to just be fed fodder and not be made privy to anything.  It just seems to me that we are not really citizens of this nation - we are, as some call it - Economic Slaves (and we have been led to believe that slavery was abolished years ago).  

I have been and still am outraged by our government - past and present - for their inaction in protecting us and their obvious moves in aiding and abetting the corporate giants all, who created the misery the majority of the country is living through.
Are we living through a silent revolution against the people?  Is the corporate control of this government and perhaps foreign governments as well our future?  Who really rules this country and those that govern us?  Questions that we all should be asking and demanding answers for.

For some possible answers to the above questions go to TheMortgagecornerFORUM - What is Happening In Our Nation - a thought provoking read.


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1 COMMENTS:

Anonymous said...

Remember this quote as you read the following article:

"There will be, in the next generation or so, a pharmacological method of making people love their servitude, and producing dictatorship without tears, so to speak, producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them, but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda or brainwashing, or brainwashing enhanced by pharmacological methods. And this seems to be the final revolution." … Aldous Huxley's lecture to The California Medical School in San Francisco in 1961




All Roads Lead to Goldman Sachs



This quick cash will not and is not designed to solve States’ structural financial problems. It enriches Goldman Sachs while forestalling States’ financial day of reckoning.



So, what Goldman Sachs really brings to the table – as evidenced in the example above - is sophisticated financial products for HUGE fees or profits to Goldman Sachs, which cause their clients to undertake big financial risk which likely weaken [think tapeworm] their clients’ financial position over time.



This is a familiar modus operandi of established Wall Street investment banks – where Goldman sits at the head-of-the-class. They intertwine themselves with their clients’ [prey] activities through sophisticated toxic financial tentacles [sold as solutions] known as derivatives. Once the host is sufficiently weakened and “captive” – new solutions are then fashioned which offer little more than “false hope” to the host – while the parasitic investment bank harvests what’s left of value for pennies on the dollar.



Goldman Sachs is a ship that has lost its moral compass. This is why they have been dubbed, the Vampire Squid.



At this point, it seems like the world might be better off with LESS Wall Street and Goldman Sachs inspired and directed crisis management.






http://news.goldseek.com/GoldSeek/1266345000.php

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