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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

Tuesday, February 22, 2011

"Goldman Sachs Committed Legalized Theft"

We demand clawbacks from Goldman Sachs and the promise that the Federal Reserve will never again bailout the banks. Make a plan, Bernanke and Geithner, to wind down any bank that in the future threatens the financial system. You two should be working on a plan now--break up the banks, create a wind-down scheme for problem banks in the future and never again give any bank bailout money!

Dylan Ratigan does his magic trick, again--



View the video here

1 COMMENTS:

Anonymous said...

Fed's Hoenig Says United States Has "Deeply Undermined Free-Market Capitalism"

The Fed mutiny has arrived:

* HOENIG SAYS U.S. HAS `DEEPLY' UNDERMINED FREE-MARKET CAPITALISM
* HOENIG WARNS OF ESCALATING SERIES OF CRISES WITH RISING COSTS
* HOENIG: LARGE FINANCIAL FIRMS CAN EXPECT BAILOUTS IN FUTURE
* HOENIG SAYS BIG FINANCIAL FIRMS MUST NOT HOLD ECONOMY `HOSTAGE'
* HOENIG: LARGE FIRMS WERE `GAMING' CAPITAL STANDARDS PRE-CRISIS
* HOENIG:BIG FIRMS `HAVE SIGNIFICANT INCENTIVES' TO INCREASE RISK
* HOENIG: TOO-BIG-TO-FAIL FIRMS POSE `GREATEST RISK' TO ECONOMY
* HOENIG SAYS BIG FINANCIAL FIRMS ENJOY `HUGE' FUNDING ADVANTAGE

And the last one:

* FED'S HOENIG SAYS `HISTORY IS ON MY SIDE'

http://www.zerohedge.com/article/and-wow-feds-hoenig-says-united-states-has-deeply-undermined-free-market-capitalism

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