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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

Thursday, July 15, 2010

..Goldman Sachs Links and News - July 15, 2010

SEC: Goldman Sachs to pay record $550 million and reform practices to settle subprime mortgage fraud charges.

BP: No oil flowing into Gulf of Mexico for first time in months as part of test of ruptured well. Watch live on CNN.com.

Senate gives final OK to bill meant to limit big banks, protect consumers and prevent future financial crises.

Goldman Sachs On How To Navigate The Slowdown | zero hedge
By Tyler Durden
Goldman, SEC Hold Catch-All Settlement Talks
Wall Street Journal
Good a$ goldman
New York Post
Goldman Sachs May Be Seeking a Broad SEC Settlement
DailyFinance
Threadneedle Appoints Goldman's Cielinski to Head Fixed Income
BusinessWeek

1 COMMENTS:

Anonymous said...: No matter how you look at it...they still got off easy....and the reason? It was an...

INSIDE JOB

Synopsis
From Academy Award® nominated filmmaker, Charles Ferguson, comes INSIDE JOB, the first film to expose the shocking truth behind the economic crisis of 2008. The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs. Through extensive research and interviews with major financial insiders, politicians and journalists, INSIDE JOB traces the rise of a rogue industry and unveils the corrosive relationships which have corrupted politics, regulation and academia.

http://www.festival-cannes.com/en/archives/ficheFilm/id/11023021/year/2010.html; July 15, 2010 at 7:43 PM

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The men the American people admire most extravagantly are the greatest liars; the men they detest most violently are those who try to tell them the truth. … H.L. Mencken

An age is called Dark not because the light fails to shine, but because people refuse to see it…James Albert Michener, novelist (1907-1997)

It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime. … Thomas Paine 1737-1809, Anglo-American Political Theorist, Writer

Laws just or unjust may govern mens actions. Tyrannies may restrain or regulate their words. The machinery of propaganda may pack their minds with falsehood and deny them truth for many generations of time. But the soul of man thus held in trance or frozen in a long night can be awakened by a spark coming from God knows where and in a moment the whole structure of lies and oppression is on trial for its life.: Sir Winston Churchill

When governments fear the people, there is liberty. When the people fear the government, there is tyranny. - Thomas Jefferson

When cheaters prosper, we end up with the worst possible system and to call it a free market system is an obscenity. -William Black

When the people fear their government, there is tyranny; when the government fears the people, there is liberty." - Thomas Jefferson

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.
Thomas Jefferson - 1802

Don't be afraid to see what you see.

..................................... Ronald Reagan

When the people and the government fear Banksters like Goldman Sachs and JP Morgan, there is economic dictatorship that will destroy the very fabric of our existence as a civilized society.
Mike Morgan

Let me control the money of a nation and I care not who makes its laws.
Meyer Amsheil Rothschild

Together We Can Make A Difference!
Larry Rubinoff
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