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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, May 25, 2010

10 Most Corrupt US Capitalists

Looks like our old pals at Goldman made another top ten list. It's a short and funny article from The Big Picture you should take the time to read.

10 Most Corrupt US Capitalists

........

10. Goldman Sachs:

-Joshua Bolton, chief of staff for George W. Bush, was a Goldman man
-Current New York Fed President William Dudley is a Goldman man
-Current Commodity Futures Trading Commission Chairman Gary Gensler has been a responsible regulator under Obama, but he was a deregulatory hawk during the Clinton years, and worked at Goldman for nearly two decades before that.
-A top aide to Timothy Geithner, Gene Sperling, is a Goldman man
-Current Treasury Undersecretary Robert Hormats is a Goldman man
-Current Treasury Chief of Staff Mark Patterson is a former Goldman lobbyist
-Former SEC Chairman Arthur Levitt is now a Goldman adviser
-Neel Kashkari, Henry Paulson’s deputy on TARP, was a Goldman man
-COO of the SEC Enforcement Division Adam Storch is a Goldman man
-Former Sen. John Corzine, D-N.J., was Goldman’s CEO before Henry Paulson
-Rep. Jim Himes, D-Conn., was a Goldman Vice President before he ran for Congress
-Former House Minority Leader Dick Gephardt, D-Mo., now lobbies for Goldman

Read the full story here

3 COMMENTS:

JR said...

My word! You don't suppose that GS has been planning all along to groom its people for positions in government? You would think that Obama would look around himself and see that he is being manipulated by the many sons of GS.

Anonymous said...

Isn't everyone just sick of this garbage! They parade around as financial intellectuals but in reality just connected thugs!


Bank Robbery in Reverse

Alternet recently ran an amazing article on the ten most corrupt capitalists. I take issue with the use of the word “capitalists” to refer to people whose behavior is best described by the term “fascist” or, as my UK friends politely say, “corporatist.”

But the point is, as a quick scan of that column shows, if you want to get rich through corruption, the winning formula is to be an investor who is well connected to government officials. The popular bank bailouts, started under G.W. Bush and pursued enthusiastically by the Obama administration, are the quintessence of the concept. The idea is to hit up the taxpayer to make your banking buds richer. Of course, no kickbacks ever occur, because crooked politicians wouldn’t stoop that low.

Most of us are vaguely aware that this phenomenon of government-private partnering as part of a get-rich scheme is not just happening in America. It is all the rage in Europe as well, and the following illustrates to just what extent.

http://fedupusa.org/2010/05/25/bank-robbery-in-reverse/

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