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

Saturday, June 26, 2010

Goldman Sachs: Predatory Lender

In this episode of the Kaiser Report, Max talks to Gary Rivlin, author of Broke, USA.
He says Goldman is a major player in the subprime credit card industry. I guess it shouldn't come as a surprise to anyone that Goldman is keeping company with other loansharks and financial slumlords like payday lenders.

Here's a link to the part I'm talking about.


JR said...

To confirm the video above you can go to:

and see more discussion on Goldman Sachs business in subprime credit cards and payday loans. See especially 18 Mar 10, 27 May 10 and 20 May 10 sections.

It is so unbelievable where the tentacles of GS extend--anywhere that money can be made.

Anonymous said...

How true...

Speaking of those who are around when disaster ensues, do you think the people at our major financial institutions are at all chastened by getting it so wrong?

I don’t know what the financial institutions feel because they don’t talk to me. I’m not in their firmament anymore. They can’t get any business out of me, so they don’t have any reason to devolve their inner feelings on me. But I know that it’s very helpful to have a wealthy fairy godmother who can bail you out when you’re in trouble, as certain banks and brokerage houses do. And I imagine that after being bailed out by their former—by their fairy godmother (we won’t mention the word “cronies”), they feel that they’ve been given the breath of life again. And now they have to genuflect before the fairy godmother and be spanked in public and humiliated and their reputations are hopefully ruined, as they should be. But on the other hand, they don’t have to face the actual disaster of financial ruination. They don’t have to bite the bullet and pay for their own mistakes like me and 99.99 percent of other people who have had great failures.

JR said...

Here is some comeuppance for Goldman Sachs (and more to be, I hope):

JR said...

Gerald Celente video on Goldman Sachs:

JR said...

A summary of GS's fraudulent activities:

Goldman Sachs Fraud Information

Brief description of Goldman Sachs

The Utah-based national brokerage firm Goldman Sachs was one of Wall Street’s most successful during the economic boom of the mid- to late-nineties, but has also been one of the many that has come under fire in the new millennium.

Why is Goldman Sachs accused of fraud?

While the total extent of fraudulent activities at Goldman Sachs is unclear, it appears that the company has played a part in a number of cases that reflect an overall climate of dishonesty. For example:

More here:

JR said...

Goldman Sachs' Next Big Thing:

Ex-Goldman, Barclays Derivatives Traders Plan Asia Hedge Fund

June 25 (Bloomberg) -- A group of derivatives traders from firms such as Goldman Sachs Group Inc. and Barclays Capital are starting an Asia-focused hedge fund to profit from price swings.

More here:

Julia Riber Pitt said...

I have a question: would you say GS is behind most of the turmoil in Greece? I first heard this on Aljazeera and then from Der Spiegel. I would like to know what you have to say about this.

From a Greek comrade:
What CAused the Greek Crisis?

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