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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

Tuesday, September 21, 2010

Goldman Sachs Has Special Privileges

Linh Dinh wrote an essay in CounterPunch called Congress, Goldman Sachs and the First Responders that discusses the stink that arises from Congress when it votes down a 9/11 health care bill to pay for the gravely ill people who responded to the World Trade Center attack because it is too expensive. However, Congress thought nothing of giving $12.9 billion to Goldman Sachs through their bailout of AIG.

Linh Dinh also has a photo blog called The State of the Union. Gaze and weep!

Read the essay here

See the photo blog here


Anonymous said...

it seems the crony's have their own legal system, too!

GMAC Mortgage Now Blames Eviction Halt On "Technical Defect", Says It Meant No "Disrespect" To US Judicial System

No, alleged theft and unprecedented crime at never before seen levels, certainly mean no disrespected to the US judicial process. After all, who has any respect for that institution anyway? Let's not forget that in two months the SCOTUS will side with the Federal Reserve in the Pittman case, thereby eliminating any threat that someone who misappropriates hundreds of billions of "other people's money" based on a "technical defect" will ever have any (dis)respect for American laws. Also, let's not forget that the earlier finding of Court Fraud was targeted at JPM/WaMu, we are not sure why GMAC is suddenly so defensive.

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