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

Friday, December 10, 2010

Janet Tavakoli on Fannie and Freddie

This video does mention Goldman Sachs just past the midpoint but its emphasis is on the fraud that took place in the mortgage business and the ongoing fraud that is taking place in the foreclosures. Janet Tavakoli is a national treasure as far as explaining matters concerning derivatives and securities. The US is very fortunate to have such an honest person explaining the financial meltdown in general and the foreclosure business in particular.

(The video cannot be embedded so please use the link below.)

The video can be found here


Anonymous said...

After Six Hours Of Deliberations, Sergey Aleynikov Found Guilty

Score one for the farce team. That scourge to market efficiency, fairness and integrity, Sergey Aleynikov, about whom we have written tomes, has been found guilty. The HFT code in question, that can "manipulate markets" is safe and sound, back with its true master, Goldman Sachs, which firm promises its malicious attempt to squeeze CDS traders in 2007 is completely irrelevant, and the sheeple once again don't understand that the firm's intentions were nothing but pristine.

Anonymous said...

Bankster Blog
Some will rob you with a six-gun;
And some with a fountain pen.

Anonymous said...

The battle right now is between the people and Wall Street investment banks. The media doesn’t frame it this way but most Americans now finally get it

Jazzie Casas said...

"Fannie and Freddie play a central role in our housing finance system and must continue to do so in their current form as shareholde­r-owned companies. Their role in the housing market is particular­ly important as we work through the current housing correction­. The GSEs now touch 70 percent of new mortgages and represent the only functionin­g secondary mortgage market. The GSEs are central to the availabili­ty of housing finance, which will determine the pace at which we emerge from this housing correction­. ...

OFHEO has reaffirmed that both GSEs remain adequately capitalize­d. At the same time, recent developmen­ts convinced policymake­rs and the GSEs that steps are needed to respond to market concerns and increase confidence by providing assurances of access to liquidity and capital on a temporary basis if necessary.­"

home buyer

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