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

Tuesday, November 9, 2010

Goldman Sachs: " Financial Terrorists"

It's time for another video from Max Keiser on Goldman Sachs. He is a man not afraid to repeat his message about fraud in the financial system and financial terrorism that is ruining the economy. The growing indebtedness is a major concern. Goldman Sachs's contributions to the financial meltdown need to be repeated over and over again. Only the financial sector seems to be thriving and growing.

The video can be found here


Anonymous said...

Like this guy says....This is unsustainable...

There's That "R" Word Again....

Anonymous said...

The Wall Street TARP Gang Wants to Take Away Your Social Security

Even more important than the hundreds of billions of loans issued through the TARP was the trillions of dollars of loans and guarantees from the Fed and the FDIC. This money came with virtually no strings attached. It kept Goldman Sachs, Citigroup, Morgan Stanley, and Bank of America and many others from collapsing. As a result, folks like Goldman CEO Lloyd Blankfein are again pocketing tens of millions a year in wages and bonuses, instead of walking the unemployment lines. Instead, 15 million ordinary workers are being told to just get used to being unemployed; it's the "new normal."

But wait, it gets worse. The thing about Wall Streeters is that no matter how much money you give them, they always want more. Now they are using their political power and control over the media to attack Social Security.

Anonymous said...

High-Frequency Traders Lobby, Donate to Head Off U.S. Rules

Closely held companies with undisclosed profits and obscure names like Getco LLC, Hard Eight Futures LLC and Quantlab Financial LLC, are beginning to act more like Wall Street banks, cutting checks to politicians, forming trade groups and hiring lobbyists and ex-regulators. They’re looking to fend off tighter rules and appease lawmakers who say the firms disadvantage small investors and contribute to wild swings in stock prices.

While the companies, which use high-powered computers to execute thousands of trades in milliseconds, aren’t approaching the big banks in Washington spending, they have more than quadrupled their political giving over the last four years, a Bloomberg News analysis shows. The top recipients include Eric Cantor, set to become House majority leader, and several incoming senators who won in last week’s Republican rout.

Anonymous said...

You have to listen to this...

Principles for sale?????? apropos

Janet Tavakoli on Bank & Foreclosure Fraud

Janet Tavakoli, Tavakoli Structured finance, and I discuss bank and forclosure fraud via Goldman Sachs, JP Morgan, Countrywide, Bank of America, Citigroup etc. in the video commentary above.

Anonymous said...

Remember the butcher in Gangs of New York?

Whoopsie daisy...

Goldman suspends foreclosures in some states: filing

"Litton has temporarily suspended evictions and foreclosure and real estate owned sales in a number of states, including those with judicial foreclosure procedures," Goldman said in a filing with the U.S. Securities and Exchange Commission on Tuesday.

Joyce said...

Thank you all Anonymous(4)above for all the information and links. I shall use the Janet Tavakoli video that you suggested.

Larry Rubinoff said...

The banks are committing "fraud" and are getting away with it. Goldman Sachs Litton unit is late in making the announcement. First up were Bank of American and GMAC (now Ally Bank). They suspended foreclosures and foreclosure sales in all states but within two weeks resumed them in the 23 judicial foreclosure states (states where they must go to court to foreclose).

They have both said that they reviewed literally hundreds of thousands of files (impossible) and found little evidence of fraud or robo signed documents. However, they said, that they would correct and refile documents that were found to be wrong (fruadulent but they did not say that).

So, they can admit to fraud, have employees under oath admit to fraud then say they will correct the fraud and the fraud goes away.

That's like saying you can rob a bank one day, give the money back the next day and not be guilty of bank robbery. I don't think so.

The bottom line is that the banks are getting away with criminal activity openly and the government does nothing which leads me to believe that they are also involved. If you or I committed fraud, we would go to jail, directly to jail without passing GO and without collecting $200.

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