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

Wednesday, September 28, 2011

Goldman Sachs's Actions are Central to Understanding the Financial Problems of the Globe

It is important to periodically remind ourselves (and those who already know that the present financial meltdown in the US was perpetrated by the banks who took advantage of a deregulated system) and to introduce others to the reality of the present crisis.

Goldman Sachs was used as a study case in one investigations of the financial crisis--the Senate Subcommittee led by Levin and Coburn--and the banks' role was described by the FCIC in its study of the causes of the financial crisis.

Below is a video summary from the Naked Capitalism site:

Lifting the Veil from S DN on Vimeo.

See a mini-review and comments and view the video here


Guest said...

Tuesday, September 27, 2011

The Power Elite

The power elite are now scared! They are scared of the very economic
instability they created! They are afraid that a reform movement will
start to grow! They want us to be scared because in fear we are safely
held captive. We must make the powerful afraid of us!

The criminal classes of this country have seized power through the
bending, writing, and selective application of the law! Today, the
law works only to the interests of a few! The corporate oligarchs have
created a feudalistic society! a new type of fascism! without clear
identifiable leadership subject to challenge and reform! To reform, we
must demand the restoration of the rule of law!

Exploiters said...

One by one they'll be coming for all of us....

Then finally Pulitzer-Prize winning investigative journalist Ellen Schultz
joins us. She covered business, finance and economics for the Wall
Street Journal and has investigated the retirement crisis for decades.
She is the author of a shocking new book “Retirement Heist; How
Companies Plunder and Profit From the Nest Eggs of American Workers”.

Exploiters said...

Anon said...

Watch Lawrence O'Donnell video


Anon said...

If he does not think they'll find anything auditing the fed then they ain't looking.......

Cain annoyed by ‘stupid’ questions from Ron Paul supporters

Cain, the former Godfather’s Pizza CEO, writes that Paul’s supporters are “threatened by me” and are “trying to destroy me on the fact that I was once affiliated with” the Federal Reserve.

Cain was chairman of the Federal Reserve Bank of Kansas City in 1995 and 1996.

The Daily Caller obtained an advance copy of Cain’s book, “This is Herman Cain,” which goes on sale Oct. 4. In the manuscript, Cain claims Paul’s campaign “sends one of its ‘Paulites’ everywhere I show up.”

Paul is a proponent of auditing the Federal Reserve.

“I get the same stupid question at almost every one of these events,” Cain writes.

Read more:

Guest said...

Whole system hijacked..left, right, up ,down....

The billionaire’s choice: Christie for president
Commentary: ‘Fiscal conservative’ masks anti-tax agenda
WASHINGTON (MarketWatch) – The billionaire Koch brothers aren’t happy yet with the field of Republican presidential candidates. They reportedly want New Jersey Gov. Chris Christie to run.

David and Charles Koch, owners of the privately held energy firm Koch Enterprises, have long since been revealed as the main funders of the “grassroots” Tea Party movement, which cloaks an anti-tax agenda in a small-government Libertarian camouflage.

Mitt Romney’s biggest liability as a candidate, aside from the fact that he may be too bland and too fake to defeat Barack Obama, is that he’s not sufficiently on board with this anti-tax agenda.

So it’s no surprise to see other billionaires in the coterie of Wall Street financiers trying to hoist Christie into the race. Home Depot HD +0.30%   founder Kenneth Langone, the New York Times informs us, is the biggest backer of the New Jersey governor, who is in his second year as an elected politician. Read the news story about Christie’s backers in the New York Times.

Langone, investors will recall, was the director at the New York Stock Exchange who thought former NYSE chief executive Richard Grasso really deserved $140 million for driving the Big Board into the ground and paving the way for its takeover by Deutsche Boerse.

Paul Singer, Charles Schwab and other well-heeled financiers are also reportedly interested. With bank accounts like these, who needs friends?

In the immortal words of Deep Throat, “Follow the money.” Christie’s money leads right back to these arch-conservative billionaires. If that’s the star you want to hitch your wagon to, Christie’s your man.

Dontletthemwin said...

Joe Costello: Time to Reclaim our Government, Politics, and Future

Over the last few years, we have seen just how grossly distorted,
corrupt, and dysfunctional our politics have become, and most
importantly, the impact this has had on each and everyone of us. We’ve
seen Wall Street and the banks throw hundreds of millions of dollars
into the system, changing the laws to game the system so fewer could
reap ever bigger profits, and when they couldn’t change the law, buying
regulators to look the other way.

We’ve seen this corrupted financial system throw our economy into a
vicious downward spiral, millions are thrown out of work, housing prices
plummet, while the instigators — the big banks and Wall Street — walk
away with billions more in bailouts.

However, it’s not just the few in finance who buy what they want in
DC, it’s every industry. Oil and fossil fuels halt the future of
renewables, efficiency, and better transit. Big Agriculture fights any
change to a food system creating a generation of obesity. Massive new
payouts to health insurance and big drug corporations are now labeled
“reform.” The occupations of Iraq and Afghanistan spew obscene profits
for military and other corporate contractors. The list goes on and on.

We can no longer turn our heads, something must be done.

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