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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

Thursday, December 23, 2010

What We've Learned About Goldman Sachs

The video below pretty much summarizes what we have learned about the machinations of Goldman Sachs. All the main characters are here; the secrecy is evident; the players interchangeable between private and public finance; the Goldman Sachs that has spread to the far corners of the globe is alive and well and will continue its nefarious work.

Wikipedia defines terrorism as "Criminal acts intended or calculated to provoke a state of terror in the general public, a group of persons or particular persons for political purposes who act in any circumstance unjustifiably, whatever the considerations of a political, philosophical, ideological,racial, ethnic, religious or any other nature that may be invoked to justify them." (That definition has been changed by me where bolded.) Put the word "financial" in front of terror to get the full import of financial terrorism. What Goldman Sachs did to help bring down the financial system was unjustifiable and created great fear in the financial markets and in the economy as a whole.

You can see the video here


Anonymous said...

REWARDS for FAILURE -- Bailouts

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