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

Friday, June 18, 2010

Goldman Sachs Links and News - June 18,, 2010

Goldman Sachs Said to Ask More Time for Lawsuit Reply
Gardy & Notis, LLP Files a Class Action Lawsuit on Behalf of All Purchasers of ...
MarketWatch (press release)
The defendants in the case are The Goldman Sachs Group Inc., Lloyd C. Blankfein, David A. Viniar and Gary D. Cohn.

Goldman Sachs's Latest Problem: Bedbugs
By The Huffington Post News Editors
Schools Matter: Why Were Goldman Sachs and Tony Hayward Dumping BP ...
By Jim Horn 
Wall Street Reform Could Cost Goldman Sachs BILLIONS
Huffington Post (blog)
The New York Times' Timely Whitewash of Goldman Sachs
Huffington Post (blog)
Goldman Sachs, AIG to Testify at Derivatives Hearing
Goldman's Blankfein Suddenly Looks Good, Thanks to BP's Hayward
DailyFinance  GS Editor's Note:  NOT
Weber Defies Trichet Over Bailout as ECB Succession Approaches
His handicap may be his previous job as vice chairman of the international division of Goldman Sachs Group Inc. from 2002 to 2005. In 2000, Goldman Sachs ..


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JR said...

Insiders trading
BP, Goldman share executives and crises

Terry Keenan

THE BP Gulf Oil disaster has taught Americans more than they ever wanted to know about well bores, cement casings and the perils of drilling under the sea.

It also offers a disturbing lesson on the cost of crony capitalism, a practice that was endemic at the oil giant. In the past decade, BP executives have haunted the boardrooms of several huge banks at the heart of the global financial meltdown.

More here:

Anonymous said...

Too much knowledge(truth) might be a bad thing for the "public"?....

Lieberman Backs Away from 'Internet Kill Switch'

Sen. Joseph Lieberman on Sunday dismissed the idea that a recently introduced bill would give the president access to an Internet kill switch as "misinformation." He then said, however, that the government needs to be able to "disconnect parts of its Internet in a case of war."

"The president will never take over -- the government should never take over the Internet," Lieberman said during CNN's "State of the Union," according to a transcript.,2817,2365393,00.asp

Anonymous said...

Listen and learn..

"Europe’s Financial Class War Against Labor, Industry and Government" with Dr. Michael Hudson. Economic crisis in Europe created by predatory lending; European Central Bank stranglehold on the Eurozone; the Euro; foreign banks decimate Greece’s social structure; Marx’s industrial capital versus fictitious capital; Latvia as a model for the rest of Europe; Hudson’s financial and fiscal plan for Latvia; the Cold War and its ruinous effect on progressive economic thought. Guns & Butter.

Anonymous said...

Wall Street's Invisible Gorilla is killing America's soul
Commentary: Why millions of Main Street investors cannot see they're destroying capitalism

Warning: The Lake Wobegon Effect is the single best summary of today's stock market psychology, high-frequency trading, behavioral economics theories and the new science of irrationality ... and it's sucking the life out of America's soul. Here, listen to more of these arrogant musings surfacing everywhere from deep in our collective brains:


All Wall Street bankers are worth 100 times any Main Street investor

All Corporate American CEOs deserve to make 400 times their workers

All children of all Forbes 400 billionaires deserve to inherit tax-free

All lobbyists deserve millions when winning billions for special interests

All taxpayers should pay for catastrophic mistakes of Wall Street Fat Cats

All rich hedge fund managers deserve to be taxed at capital gains rates

All senators deserve to become millionaire lobbyists when they retire

And Goldman Sachs CEO Lloyd Blankfein deserves a $100 million bonus

Anonymous said...

I'm pretty sure he helped GOLDMAN BIG TIME...

Jun. 22 2010 | 10:00 AM ET

TARP Oversight panel chairman Elizabeth Warren gives her opening statement prior to the testimony of Treasury Secretary Timothy Geithner.

Anonymous said...

Vampire squid or devil's advocate?
Organized Crime Groups

The most difficult crimes to deter, investigate, and prosecute are committed by organized crime groups who share the same race, religion, ethnic, and cultural backgrounds. The social cohesiveness of such criminal groups makes it relatively easy for them to coordinate their actions to effectively execute and cover up their crimes over long periods of time.

When most people think of organized crime, they think of violent criminal groups such as the Mafia. However, not all organized crime groups use violence in the execution of their crimes.

Some of the most effective organized crime groups consist of white-collar criminals who do not use any violence at all. Such organized white-collar criminal groups can be found among primarily family based businesses, even after such businesses become public companies, because their management is dominated by well-coordinated and cohesive family members.

Members of the Antar family, myself included, who committed the Crazy Eddie fraud, used a combination of deceit, charm, and distraction to effectively commit our crimes over an 18 year period. While we didn’t kill people, we were was just as brutal and caused just as much harm as if we were violent criminals. You can steal more with a smile than you can steal with gun.

Anonymous said...

Sounds all too familiar to visitors of this blog...

US Coup d'état by Monsanto et al

Anonymous said...

There is not a vice which more effectually contracts and deadens the feelings, which more completely makes a man's affections centre in himself, and excludes all others from partaking in them, than the desire of accumulating possessions. When the desire has once gotten hold on the heart, it shuts out all other considerations, but such as may promote its views. In its zeal for the attainment of its end, it is not delicate in the choice of means. As it closes the heart, so also it clouds the understanding. It cannot discern between right and wrong; it takes evil for good, and good for evil; it calls darkness light, and light darkness. Beware, then, of the beginning of covetousness, for you know not where it will end.--BISHOP MANT.

JR said...

A video re Goldman Sachs:


Anonymous said...

Join financial titans in telling Congress: Crack down on Wall Street abuses.

Wall Street lobbyists want Congress to kill a financial reform proposal that would keep banks from gambling away your money on risky "derivatives." This gambling is what leads to bailouts.

But two financial titans just shocked Wall Street by writing a letter to Congress telling them to keep this proposal.

Can you add your name to this game-changing letter today?

"Commercial banks are the trusted guardian of depositors' funds...Accordingly, I support the reinstatement of Glass-Steagall-type laws to separate higher-risk, often more-leveraged, activities of investment banks from the commercial banking system." (Read full letter here.)

Signed by:
Richard Fisher, President, Federal Reserve Bank of Dallas
Thomas Hoenig, President, Federal Reserve Bank of Kansas City
Dean Baker, Co-director, Center for Economic Policy Research (citizen signer)
Lawrence Mishel, President, Economic Policy Institute (citizen signer)

AND YOU...add your name on the right.

Anonymous said...

The setup is almost will never find the bribe or kick back, therefore, no one will ever do time...just the sheeple. Watch this be applied going forward. Mission completed. The insiders have won....

Law to fight corruption takes a hit with Supreme Court ruling
If there's no bribe or kickback, fraud involving 'honest services' is too vague to be a crime, the justices rule. The decision could affect the conviction on this charge of Enron CEO Jeffrey Skilling.,0,6159176.story

Anonymous said...

Will Congress pass real reform of the "derivatives" market -- valued at $600 trillion -- or will Wall Street win massive loopholes and exemptions?
Please take one minute to call Congress toll-free at 866-544-7573 and tell them:

Americans strongly support real reform without loopholes.
Support the Senate language, not the House , to fix derivatives.

CALL 866-544-7573:

Anonymous said...

Are you fed up yet?...Dylan is...

They Keep Stealing - Why Keep Paying?

The dire straits of the middle class of America has made it near impossible for our politicians to keep up the pretense that our current government truly works for the "people." Between the multiple overt and secretive bailouts, the massive bonuses and the circular use of our tax money to lobby for these continued handouts, you can no longer hide from the evidence.

JR said...

House-Senate panel approves sweeping reform of big banks
A final vote on bill in House and Senate could come next week

By Ronald D. Orol, MarketWatch

WASHINGTON (MarketWatch) -- House and Senate lawmakers early Friday approved the most significant increase in the regulation of U.S. banks since the Great Depression, placing new restrictions on the nation's biggest lenders, reining in the Federal Reserve and crafting new consumer protections.

The mammoth legislative package, hammered out in marathon Capitol Hill negotiations that carried through the night, gives the Obama administration a significant triumph in its efforts to rein in Wall Street after a financial crisis drove the economy to the brink in September 2008.

More here:

Anonymous said...

Listen to this...why wouldn't they just grant him an interview over their ethics policies?

Fighting Financial Capitalism with LAWCAP

Anonymous said...


Dick Bove says the passing of financial regulation is a huge positive for the banks. He lays out his bull case for the banking sector and why this bill is not critically bad for bank earnings. This could result in a near-term rally in the banks, but is ultimately bad for consumers as banks will simply sidestep the rules and pass along costs to consumers. Bove concludes that a recession is likely now and that the passing of this bill was nothing more than a sideshow and more political pandering. Unbelievable….We should just kick every incumbent out right now. Obama claims this was a big victory for his administration, but the truth is that he cratered to the bank lobbyists once again. Bove says this bill will not stop another crisis from occurring. What an embarrassment….

Anonymous said...

Copy & paste to your local papers...

Wall Street Reform: Politicians Lie, Media Applauds, America Suffers

What does it mean for us?

It means that the same people who brought you these horrible changes — rising wealth discrepancy, massive unemployment and a crumbling infrastructure – have now further institutionalized the policies that will keep the causes of these problems firmly in place.

Meanwhile, all involved in the facade try to pretend that this should be considered a success because, gosh, real financial reform is just too hard and those crafty banksters will just outsmart us anyhow. Many in the media are either too complicit, too confused or too lazy to contradict this spin, but the rest of us shouldn’t buy that BS. Real and lasting financial reform is actually quite easy to implement — and the last time we had a crisis of this magnitude, we kept the banksters in check for 70 years.

JR said...

Here is a BNN clip on Bank Reform:

On this BNN site, search for other clips by typing in "US Bank Reform Bill" for a complete list of videos dealing with bank reform.

Too bad these videos are so chopped up but at least the interviewees are talking about all aspects of bank reform (with a Canadian twist).

RobertM said...

@"Are you fed up yet?...Dylan is..."

His show yesterday was awesome

RobertM said...

@"Wall Street's Invisible Gorilla is killing America's soul"

I wish Paul would mention Goldman more often so we could post his stuff here. I'm a loyal reader.

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