On October 24, 2010, this blog linked to the ProPublica website in order to show graphically and verbally the actions of banks like Goldman Sachs in creating derivatives (collateralized debt obligations) that helped bring down the financial system. Now there are two sites available that show this information graphically--one titled MortgageRates found here and the other called 4ClosureFraud found here.
Infographic by Mortgage Rates
(I'm sorry about the overlap of the graphic, but I think it is worth showing.)
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". 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