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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

Monday, March 22, 2010

Goldman Sachs Links and News - March 22 , 2010

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Pay czar may seek repayment of bonuses at large banks
Washington Post
By Zachary A. Goldfarb and David Cho The government's point man on executive compensation is broadening his review of how Goldman Sachs
Children Of Goldman Sachs Execs Get BIG Paychecks Last Year ...
By Ryan McCarthy 
The Perks of Being a Goldman Kid - DealBook Blog -
US Paymaster to Review Top 25 I-Bank Exec Pay Packages: WSJ (GS,JPM,MS)
The Pay Czar Threatens Goldman Sachs And Morgan Stanley With More Clawbacks
The Business Insider
Goldman Sachs good for society?

Bloomberg Reviews “13 Bankers” |
By marketmaker 
Goldman's Huge Call: Don't Be Fooled, There Won't Be Any Real ...
By Vincent Fernando, CFA 
Media Digest: 3/22/2010 Reuters, WSJ, NYTimes, FT, Bloomberg – 24 ...
By 247wallst 
Fate of Volcker Rule May Hinge on Dodd's 'Shall' Becoming 'May'
The hardest-hit firm would be New York-based Goldman Sachs
Reining In Greed at Goldman
New York Times
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Anonymous said...

Keep telling yourself its a fair playing field...

* MARCH 24, 2010

Tax-Break Battle Flares
J.P. Morgan in Talks for $1.4 Billion; Stimulus Gives $12 Billion to 250 Firms
J.P. Morgan Chase & Co. is nearing a deal that would allow it to benefit from a tax refund of as much as $1.4 billion, becoming the latest company to tap a little-noticed plank in an economic stimulus bill.

That law let companies apply losses from 2008 or '09 against taxes paid in the previous five years, instead of the previous two years.

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