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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

Friday, March 19, 2010

Goldman Sachs Links and News - March 19 , 2010

Goldman Sachs's Blankfein Got $9.8 Million for 2009
Goldman CEO Blankfein's 2009 Total Pay Valued At $862657
Wall Street Journal  US ECON: Economists at Goldman Sachs say if enacted,. | ForexLive
Rajat K. Gupta Will Not Stand for Re-Election to the Goldman Sachs Board of ...
MarketWatch (press release)
Bernanke Asked by Congress About Friedman's Goldman Sachs Stake
Salt Lake Chamber Blog | Goldman Sachs expanding at 222 Main ...
By Salt Lake Chamber 
Financial News Discussion of GS - Goldman Sachs Group ...
Goldman Sachs Group, Inc. was discussed on Bloomberg News which was originally produced by Bloomberg Television on 3/17/2010 ...
Goldman Sachs to expand, move downtown in Salt Lake
Deseret News
Judge rejects SEC's decision to ease curb on investment bankers, analysts
Washington Post

Posted: March 18, 2010 08:09 PM 
This story needs no introduction or comments.  It just needs to be read.  The quoted paragraphos below are from the very end of the story but sure says a lot.
Read the full here

Leaving aside his personal character and wisdom, which we cannot duplicate, there is one very big condition we can: The absence of money as a factor in our leaders' decision making. Kaufman didn't need to raise any money to become a senator -- he was appointed. And he doesn't need to raise any money for his reelection campaign -- he's not running.

At 71, with a long, distinguished career in government under his belt, Kaufman is completely unencumbered by the need to curry favor and approach moneyed interests with his hat in his hand.

So let's all take a good look at Ted Kaufman. This is what it looks like when our representatives are not beholden to special interests, and are only serving the public interest.
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Anonymous said...

Perfectly describes our situation..

The Racketeering Sector

Anonymous said...

This guy knew Goldman et al before Goldman was formed....

"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
-Frederic Bastiat

Anonymous said...

How hard do you think they laugh at Goldman?

Former Lehman Executives ‘Giggle’ at ‘Nonprofessionals’ Who Think Losing Billions of Dollars Is a Big Deal

Anonymous said...

Why would this man even mention GS if their corrupt behavior wasn't excruciatingly blatant?

The Liveliest Mind in New York

Afterward, in his apartment, Judt elaborated on the themes of his speech. “There is much more to be done,” he said, “in defense of what we used to think of as classical philosophical abstractions—justice, fairness, equality—in countries like the United States which have become increasingly unjust, unfair, unequal, and which are, by their nature, intuitively unworkable over the long run. If we say it’s not fair that Goldman Sachs can rip off the taxpayer, we are told that that is a silly way to talk and that it has nothing to do with fairness. Well, it has everything to do with fairness. You can’t run a society that is profoundly unfair for a long time without people becoming profoundly distrustful, and without social trust, there can be no common consent and no common goods, and no shared purposes. We need to find a way to once again talk about these things, in ways that used to be commonplace, but now have become radical propositions.”

Larry Rubinoff said...

@The Liveliest Mind in New York

Yes, a good article. Thanks for posting the link here. Readers, check it out.

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