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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

Saturday, April 30, 2011

Goldman Sachs In The News - April 30, 2011

Logo of The Goldman Sachs Group, Inc. Category...Image via WikipediaBig payday for Goldman Sachs team
Antitrust query: EU investigates investment banks
San Francisco ChronicleHow Goldman Sachs created the food crisis - Boing Boing
Frederick Kaufman's piece for Foreign Policy examines how the Goldman Sachs Commodity Index (GSCI) is responsible for the increase in food prices
How Goldman Sachs Beat the Bubble
            New York Times

"Goldman Sachs Is Out-Of-Control Genius"
By Courtney Comstock
"Goldman went short on the world. They bet against the world and they won."

Hazing at Goldman Sachs - CNBC
There is perhaps no more telling detail about what kind of person works at Goldman Sachs than the story of the Memorial Day weekend meeting William Cohan ...
The Volcker Rule and Goldman Sachs — The Harvard Law School Forum ...
By Andrew Tuch, Fellow, Harvard Law School...
The Volcker Rule and Goldman Sachs - The Harvard Law School Forum on Corporate Governance and Financial Regulation - A law and economics blog from the Harvard Law School Program on Corporate Governance that gathers the latest news, ...

Yes, the daily news links are back.  Many of you have enjoyed them in the past and some have asked for its return.  So there they are.

Also back are the "Related articles" that you see below.  Many of them are interesting.  I especially like the last one, Spitzer to Holder: Prosecute Goldman Sachs or Resign (,  It is a video of Spitzer on CNN that I spoke about last week.  I will post the video tomorrow.  Look for it or go visit the link now.

With the EU heating up an investigation into bankster activities accross the pond it is now up to us on this side of  water to continue the cause of exposing these criminals and with a large voice call for our government to do the right thing by prosecuting those that appear to be guilty.  Then let a juries determine their guilt or innocence.  Justice - which I have been crying for for almost 4 years - must, must prevail.  We must punish the guilty no matter their crime and no matter their wealth or political influence.  If we do not then we have no justice system at all.

Banksters have harmed millions around the globe.  Some have even committed suicide as a result of the losses they incured at the hands of these banksters.  I would say that their seemingly innocent "white collar crimes" can be construed to be accessories to  murder and homicide.  Guilt is guilt.  Punish the guilty.  Let's keep up the fight against those -  like the leaders and ex leaders of Goldman Sachs - who have destroyed lives, families, homes and our children present and future.  "Together We Can Make A Difference"
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Anonymous said...

Oh Really? Say It Ain't so !!!

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