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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, May 7, 2010

Goldman Sachs Links and News - May 7, 2010

Goldman Sachs Faces-Off with Shareholders
Forbes (blog)
Goldman Sachs To Create Internal 'Business Standards Committee'
By The Huffington Post News Editors 
Live Blogging Goldman Sachs Shareholder Meeting - Deal Journal - WSJ
By Michael Corkery 
AIG Fires Goldman Sachs (Payback is a Bitch) | The Big Picture
By Barry Ritholtz
Goldman Sachs Shareholders Back Blankfein in 'Important Moment ...
By Bloomberg 
The US Report - The US Report - Why did Goldman Sachs chair fumble ...
By Kay B. Day
Blankfein on Bloomberg TV: We're Dealing with a 'Crisis of Confidence'; EU ... (subscription) 
Blankfein Vows to Rebuild Goldman Sachs's Reputation
Wall Street Journal
 Goldman Sachs Vote Rejects Splitting Role of CEO, Board Chairman
Goldman Sachs to Review Business; Blankfein Won't Step Down
Buffett Praises Blankfein, Backs Goldman Sachs on Abacus Trade ...
AIG DUMPS Goldman Sachs As Its Top Adviser: NYT
By The Huffington Post News Editors
Goldman Sachs, Under Fire, Hosts Shareholder Meeting

Goldman Sachs "awfully strange bank": Bloomberg TV Interview

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Anonymous said...

Stock Market Collapse: More Goldman Market Rigging?

Manipulation by whom? Markets can be rigged with computers
using high-frequency trading programs (HFT), which now
compose 70% of market trading; and Goldman Sachs is the undisputed leader in this new gaming technique. Matt
Taibbi maintains that Goldman Sachs has been "engineering
every market manipulation since the Great Depression."
When Goldman does not get its way, it is in a position
to throw a tantrum and crash the market. It can do this
with automated market making technologies like the one
invented by Max Keiser, which he claims is now being
used to turbocharge market manipulation.

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