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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

Saturday, November 27, 2010

Goldman Sachs--Predator Bank

Max Keiser is not afraid to call a fraud a fraud: when Blankfein says "liquidity," Max says "fraud." His program describes Goldman Sachs standing to one side cheering on the collapse of the sub-prime mortgages so that GS could earn billions from derivatives made up of sub-prime mortgages!

The video can be seen here


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