Do you see the irony in Goldman Sachs predicting economic turmoil for the next few years? Goldman Sachs helped to bring about the financial meltdown of 2008 and now they are predicting a bad future for the economy: high unemployment and slow GDP growth. Goldman Sachs is all for Goldman Sachs and to that end lobby mightily against bank reform and financial regulations (Dodd-Frank) and cynically support whichever candidate from whatever party that can be convinced to bring about laws and rules that favor banks, especially Goldman Sachs.
Surely we don't have such short memories that we forget that Goldman Sachs supports what is best for Goldman Sachs and that may include a gloomy economic forcast which could favor the Republican candidate running against Obama in the next election. Goldman Sachs does not give a plugged nickle for what is best for the public at large.
Goldman Sachs is full of hubris!
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". 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