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, January 21, 2011

The Golden Ticket at Goldman Sachs

Thank you Barry Ritholtz and Deal Book for bringing this to our attention.  You ask that we spread it around so here it is.  This piece by the New York Times is enlightening.


Anonymous said...

How the financial elite have dismantled the American middle class – top 1 percent share of wealth at levels not seen since the Great Depression. Goldman Sachs offering average bonuses of $430,000 while a record 43,200,000 Americans receive food stamps.

Joyce said...

Oopps! I have also posted the same video. But maybe it's worth a second look too.

Joyce said...

The link to mybudget.360 above has some very good graphs showing how wealth has been moving ever higher on the scale towards the most wealthy. One wonders where it will all end.

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