Goldman Sachs: Information, Comments, Opinions and Facts: Sep 3, 2010

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Fraud*
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, September 3, 2010

Goldman Sachs Has Loyal Employees

It is no surprise that Goldman Sachs commands loyalty among its employees when you consider the bonuses that come with the job. GS employees are found in government and financial institutions around the world. Does that loyalty imbue employees as they pursue positions elsewhere? Do they bring GS ethics with them?

*Goldman employees still enamored with firm, CEO
*Employees give firm high marks in satisfaction survey

* CEO Blankfein is top-rated chief executive in finance
* Goldman gets top marks, except in work/life balance
By Steve Eder
NEW YORK, July 30 (Reuters) - Goldman Sachs Group Inc (GS.N) is the bank many Americans love to hate, but one group just plain loves it: its employees.
The firm's employees are among the most fiercely loyal in the financial services industry, according to a survet by glassdoor.com, a career website. And Goldman Chief Executive Lloyd Blankfein had the highest approval rating of any CEO in the financial sector.
Glassdoor.com's survey was done online, which means it is not exactly scientific, but any good news is surely welcome at Goldman, which is fresh off settling civil fraud charges with U.S. securities regulators. The lawsuit set off a public relations nightmare that led some inside the bank to question whether Blankfein should be ousted.

Read article here

Famous Quotes

The men the American people admire most extravagantly are the greatest liars; the men they detest most violently are those who try to tell them the truth. … H.L. Mencken

An age is called Dark not because the light fails to shine, but because people refuse to see it…James Albert Michener, novelist (1907-1997)

It is impossible to calculate the moral mischief, if I may so express it, that mental lying has produced in society. When a man has so far corrupted and prostituted the chastity of his mind as to subscribe his professional belief to things he does not believe he has prepared himself for the commission of every other crime. … Thomas Paine 1737-1809, Anglo-American Political Theorist, Writer

Laws just or unjust may govern mens actions. Tyrannies may restrain or regulate their words. The machinery of propaganda may pack their minds with falsehood and deny them truth for many generations of time. But the soul of man thus held in trance or frozen in a long night can be awakened by a spark coming from God knows where and in a moment the whole structure of lies and oppression is on trial for its life.: Sir Winston Churchill

When governments fear the people, there is liberty. When the people fear the government, there is tyranny. - Thomas Jefferson

When cheaters prosper, we end up with the worst possible system and to call it a free market system is an obscenity. -William Black

When the people fear their government, there is tyranny; when the government fears the people, there is liberty." - Thomas Jefferson

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.
Thomas Jefferson - 1802

Don't be afraid to see what you see.

..................................... Ronald Reagan

When the people and the government fear Banksters like Goldman Sachs and JP Morgan, there is economic dictatorship that will destroy the very fabric of our existence as a civilized society.
Mike Morgan

Let me control the money of a nation and I care not who makes its laws.
Meyer Amsheil Rothschild

Together We Can Make A Difference!
Larry Rubinoff
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