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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

Wednesday, September 7, 2011

You Can Protest Against Goldman Sachs on Sept. 17

It is important to let the government and the banks know how you feel about their relationship with each other.

The following is the goal:

“It was our one simple demand that Barack Obama must ordain a Presidential Commission tasked with ending the influence that corporate money has over our representatives in Washington. Our one simple demand is: stop the monied corruption at the heart of our democracy.”

“We demand that integrity be restored to our elections. One citizen. One dollar. One vote. Only citizens should make campaign contributions. Campaign contributions by citizens should not exceed $1 to any political candidate or party. Help us reclaim democracy …”

Occupy Wall Street will lay siege to U.S. greed
Commentary: 20,000 or more set Sept. 17 as start of 'American Fall'
By Paul B. Farrell - MarketWatch

On Sept. 17, the Arab Spring becomes the new American Fall, with 20,000 revolutionaries in a tent city. Plus “solidarity” occupations in major financial centers worldwide, all ready for a long siege, vowing not to leave till they get their “one simple demand.”

Protesters clash at Mubarak trial

Clashes outside the Cairo trial of former Egyptian president Hosni Mubarak, as senior police officials are called to the stand.

Occupy Wall Street is a “leaderless resistance movement” spearheaded by the edgy Adbusters magazine, which in July issued a call for the Sept. 17 occupation of Wall Street.

Their allies have names like “CultureJammers,” “,” “People of the NYC General Assembly,” “,” and recently they were joined by the noted civil disobedience anarchists, “Anonymous” and many others worldwide. This movement reminds us of the historic rag-tag armies General Washington commanded from 13 Colonies for the first American Revolution.

The new ones are also united in the spirit of the Tahrir Square revolutionaries: “One thing we all have in common is that we are the 99% that will no longer tolerate the greed and corruption of the 1%,” according to posts on the Occupy Wall Street website .

Leaderless, yes. But now their real power comes in a new strategy: “one big swarm of people” challenging authority. They want their democracy back: “One citizen. One dollar. One vote.” Get the corrupting influence of money out of elections.

Bottom line: They want to eliminate “the greatest corrupter of our democracy: Wall Street, the financial Gomorrah of America.”

Yes, the ‘Arab Spring’ is now the new ‘American Fall’

This revolution started back in February at the peak of the Arab Spring. Around the time Mubarak resigned Adbusters talked of a “Million Man March on Wall Street.” Then the “call to action” shifted, became “Occupy Wall Street.” That caught on. Since then many other resistance movements jumped on board in cities worldwide.

Now a massive show of solidarity is rapidly emerging for Occupy Wall Street rallies at major financial centers: London, Madrid, Milan, Paris, L.A., San Francisco “and with a bit of luck, this list of participating cities will expand” maybe even include the world’s most powerful bank, the Federal Reserve Bank in Washington.

But will 20,000 show up? Warning: Could be lots more. After Tunisian President Ali fled his country in January, Egyptian revolutionaries issued a “call for action” in Tahrir Square. And 90,000 arrived. Given today’s intense anger against America’s totally dysfunctional government, no one should be surprised if 90,000 arrive for Occupy Wall Street and its solidarity allies at other financial centers across the world, armed with their rallying cry to stop “the corruption of our governments by Wall Street money.”

Warning: Ignore this rebellion at your peril. Reading their materials reveals a deeply frustrated, angry, fed up army of revolutionaries. Like their “Arab Spring” brothers,

The new American revolutionaries are no longer interested in talk. They want action.

Is America ripe for a Tahrir moment? Will Big Money counterattack?

No, this is not a one-day rally. Earlier talks of a “Day of Rage” and “Million Man March” have evolved. They have new tactics. Prepare for a long siege of the Wall Street/NYSE fortress that organizers say could last “months.” Adbusters asks rhetorically, “Is America Ripe for a Tahrir Moment?”

Their answer is an enthusiastic “yes,” thanks to a “deluge of solidarity messages have been pouring in from Spain, Egypt and elsewhere.” With a flair for the dramatic, here’s how they see a key scenario unfolding during this occupation:

“Imagine … the dawn of the 13th day of the occupation … you’re tired, not sleeping or eating too great … you’ve been harassed, maybe tear gassed and beaten. Bloomberg is threatening to call in the National Guard. … But you are sitting tight because much of the nation is cheering you on … Al Jazeera and the BBC are beaming your struggle to a captivated world and the tension is building for Obama … It feels much like it did in Tahrir Square moments before Mubarak caved. You’ve never felt so alive!”

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Joyce said...

I have mentioned before this use of euphemisms for what really should be called "fraud:"  'misrepresentation', 'improper actions' are just two of them.

I have this really big fear that the banks will only have to "pay" for their crimes by giving the government and/or other banks some money.  As you pointed out, this action is unfair because the taxpayer gave them money to the banks in the first place!! 

Does it not gall you to see one fraudulent bank paying reparations to another fraudulent bank?  All the money collected should be given to the taxpayer.

As Janet Tavakoli stated, the banks were insolvent twice over until they were given the big bailout bucks from the taxpayer.  That was the corrupt icing on the corrupt system.

I think the system is so corrupt that if one were to get rid of all the corruption and the corrupt people, there would be no regulatory systems, no banking system, no rating system, and not much of a mortgage system.  All would have to start from scratch in order to be legitimate.  How can that be carried out?

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