GoldmanSachs666 Message Board

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

Wednesday, October 13, 2010

Goldman Sachs: The Reverse Sting

Now that many people, including Goldman Sachs, are predicting that the future is bright, the recession is over, and the big bonuses are bigger than ever, here's a reminder of the recent past:








The videos are found here

5 COMMENTS:

Anonymous said...

Black: Paulson “Waited” to Allow Goldman Subprime Holdings Unwind Before Crash
These accusations come from William Black, the former senior thrift regulator, now law professor. Black states that Paulson “knew that if he acted the way he should, that would have burst the bubble. Then Goldman Sachs would have been left with a very substantial loss, and that would have been the end of bonuses at Goldman Sachs.”
http://www.ritholtz.com/blog/2010/10/paulson-waited-to-allow-gs-unwind/

Anonymous said...

And at Litton Loan Servicing, an arm of Goldman Sachs, employees processed foreclosure documents so quickly that they barely had time to see what they were signing.

“I don’t know the ins and outs of the loan,” a Litton employee said in a deposition last year. “I’m not a loan officer.”



But interviews with bank employees, executives and federal regulators suggest that this mess was years in the making and came as little surprise to industry insiders and government officials.

http://www.nytimes.com/2010/10/14/business/14mortgage.html?_r=1&ref=business

Anonymous said...

This is a degree of reckless previously unseen in American jurisprudence.

My advice: If you have been in any way personally harmed by the illegal actions of any bank, law firm, process server, or loan servicing agency, you MUST file criminal charges.

http://www.ritholtz.com/blog/2010/10/robo-signers-hired-criminal-charges-needed/

Anonymous said...

Take a flyer!

Bernanke And 'Remedies' For Foreclosuregate

http://market-ticker.org/akcs-www?singlepost=2212554

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