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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

Tuesday, March 15, 2011

Goldman Sachs in Kremlin investment fund talks

Isn't this interesting?  The Blankfein goes to The Kremlin.  Remember those immortal words of Meyer Rothschild..."Let me control the money of a nation and I care not who makes its laws".  Yes, beware folks.  If you think Goldman Sachs has too much power now, just wait until they consummate a deal with Russia. 

The world is changing at a very rapid pace.  The power structure is becoming more and more evident.  Science fiction movies of years past depicting how corporations take over governments is becoming reality.  Corporate seals and logos of many corporations are more recognizable by the public then are flags of states and countries.

MOSCOW (AP) — President Dmitry Medvedev has held talks with Goldman Sachs chief Lloyd Blankfein about the bank's possible participation in a direct investment fund the Kremlin is looking to create to attract foreign capital.

The Kremlin said Blankfein visited Medvedev on Tuesday to discuss the idea of a fund, which Medvedev first raised at the World Economic Forum in Davos in January.

There was no other information on the meeting, the size of the possible fund, or when it would be introduced.
Russia suffers from chronic underinvestment, prompting its leaders to frequently advertise the country as a haven for foreign capital. Would-be investors regularly point to persistent corruption and impenetrable bureaucracy as reasons they look elsewhere.
 Click view original post by AP.  
Interesting that it was not a feature story in main stream media.  A very controversial business figure, accused by many of leading the charge to the world economic crisis, is entertained by the President of Russia.  Well, it may be no surprise as we all know that Russia if full of corruption.  Matching The Kremlin with Goldman Sachs could very well be a "match made in Red Square".
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Anonymous said...

Cross them and you'll end up on a cross....Russia of all places? apropos...who's next?..evil bloggers?

Goldman ex-programmer Aleynikov conviction upheld

(Reuters) - Former Goldman Sachs Group Inc computer programer Sergey Aleynikov has lost his bid to reverse his December conviction for stealing the Wall Street bank's source code.

U.S. District Judge Denise Cote refused to set aside the verdict and dismiss the indictment against Aleynikov, or alternatively to grant him a new trial, court records dated Wednesday show.

Anonymous said...


Federal Reserve wild financial beast of Maiden Lane – How the Fed silently helped Hilton and Waldorf properties for the benefit of JPMorgan while placing the cost on working and middle class Americans.

The bailouts were marketed and branded as a way of helping out the working and middle class. Given the massive financial destruction that the working and middle class still face it is easy to conclude that the stated policy failed. Yet looking at banking profits it did succeed for this segment of our economy. The Federal Reserve doesn’t even bother hiding this massive bailout and even labels these toxic vehicle hotels with its own address. Let us look closely at the Maiden Lane product.

Anonymous said...

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."
–Frederic Bastiat

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