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

Thursday, February 3, 2011

Of Course, Goldman Sachs Envisions a Rosy Future!

Goldman Sachs was either given or borrowed gargantuan amounts of money in order to avoid insolvency after making risky and bad management decisions leading up to the financial crisis. The whole financial system has been infiltrated by Goldman Sachs guys--Paulson, Rubin, Gensler, Friedman, Dudley, etc.--so why should we be surprised that deregulation occurred on a large scale and that regulation continues to be weak. Of course, without regulation on bonuses, pay and derivative income, the future, that is Goldman Sachs's future, looks extremely rosy. See Peter S. Goodman's article in The Huffington Post entitled, Don't Believe Goldman Sachs, The U.S. Economy Has Endured 3 'Lost Decades.'

Actually, things look very bleak now that we see what the FCIC report does not say: there have been no names given of those who should be prosecuted for their actions that led to the financial crisis.

The video can be seen at FedUpUSA (The Real News) here


Post a Comment