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

Sunday, March 14, 2010

Goldman Sachs, Wall Street and Michael Lewis on CBS 60 Minutes

If you did not see CBS 60 Minutes this evening then here is your opportunity to watch this report.  I will save my comments for my next post.  Visit each link for related video.  
(CBS)  If you had to pick someone to write the autopsy report on the Wall Street financial collapse 18 months ago, you couldn't do any better than Michael Lewis. He is one of the country's preeminent non-fiction writers with a knack for turning complicated, mind numbing material into fascinating yarns.
He wrote his first bestseller, "Liar's Poker," about his experiences as a young Wall Street bond trader when he was still in his 20s and has since followed up with seven more bestsellers on subjects ranging from Silicon Valley in "The New New Thing" to big time sports in "Money Ball" and "The Blind Side."

Inside The Collapse, Part 1
Michael Lewis writes about a handful of Wall Street outsiders who realized the subprime mortgage business was a house of cards and found a way to bet against it. Steve Kroft reports.

Watch CBS News Videos Online

Inside The Collapse, Part 2
Michael Lewis talks about the current situation on Wall Street, the large bonuses still being paid and his predictions for the future of the industry. Steve Kroft reports

Watch CBS News Videos Online
Reblog this post [with Zemanta]


RobertM said...

looks like the LameStreamMedia is waking up. Let's see what happens now.

Anonymous said...

All in a days work--will the public ever get it?


Recall that the New York Fed arranged for AIG to pay one hundred cents on the dollar on bad debts to its counterparties—benefiting Goldman Sachs and a handful of other favored Wall Street firms. The purported reason is that Geithner so feared any negative repercussions resulting from debt write-downs that he wanted Uncle Sam to make sure that Wall Street banks could not lose on bad bets. Now we find that Geithner’s NYFed supported Lehman’s efforts to conceal the extent of its problems. Not only did the NYFed fail to blow the whistle on flagrant accounting tricks, it also helped to hide Lehman’s illiquid assets on the Fed’s balance sheet to make its position look better. Note that the NY Fed had increased its supervision to the point that it was going over Lehman’s books daily; further, it continued to take trash off the books of Lehman right up to the bitter end, helping to perpetuate the fraud that was designed to maintain the pretense that Lehman was not massively insolvent.
How many more billions or trillions will he commit to a futile effort to help Wall Street avoid its losses?

Cheap Viagra said...

This is such an incredible stuff!
It is difficult for me to realize that technology has completely changed the way we used to live.
Nowadays, things like Watch CBS News Videos Online is groovy!

Anonymous said...

Quite the contrary from what hermes handbags used to do, this Kelly handbag is of easy access and huge convenience when traveling around. After Kelly handbags resounding success in runway show.
As an adrenergic agonist daidaihua excites the central nervous system and effects weight loss. You can buy lida slimming to increase your blood pressure and increase oxygen transportation in your body. You should increase the protein and fat level in your body, as they are burnt faster byslimming capsule . slimming capsules is widely prescribed medication for asthmatic cure. The drug is anabolic to muscle and catabolic to fat. lida is beta 2 sympathomimetics. The fat is burnt effectively by the lida daidaihua , with a slight increase in the body temperature.
More than understanding the iconography of Chanel handbags 2010 , a house that first opened its doors at 31, Chanel handbag 2010 still sits like a white-gloved lady on the Rue Cambon. And probably to a great many young tourists who come to take pictures of its famous entrance and the Cassandre-designed logo, the Rue Cambon is Chanel .
Workers came with this Tiffany uk to have a copy of the silver charms at the most affordable prices to people so that Tiffany charms could get one either at a retail store or at an online store. This silver sets has an exact replication of the Tiffany designs.

baclofen 10 mg said...

10. baclofen 10 mg

Bicalutamide said...


Sucralfate said...


Verapamil said...


financial said...

For the best financial information ant stock quotes

Post a Comment