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

Friday, October 14, 2011

Corruption and Goldman Sachs

We know that the Supreme Court has been corrupted when we see decisions like Citizens United which allows vast amounts of money to come into the political system categorized as Freedom of Speech. Judge Stevens wrote in his dissenting opinion:
At bottom, the Court's opinion is thus a rejection of the common sense of the American people, who have recognized a need to prevent corporations from undermining self government since the founding, and who have fought against the distinctive corrupting potential of corporate electioneering since the days of Theodore Roosevelt. It is a strange time to repudiate that common sense. While American democracy is imperfect, few outside the majority of this Court would have thought its flaws included a dearth of corporate money in politics. (Wikipedia)
We ask, How far down the justice system does this corruption flow?

All we can do is describe what is happening in the courts, for example, in the Delaware business court system.

A Delaware judge, Sam Glasscock III, has decided that Goldman Sachs does not have a fiduciary duty to shareholders when it concerns enormous payouts to executives of the bank. In the judge's opinion, Goldman Sachs just made a "poor business decision." That decision is reminiscent of another one that decided an immoral action was not an illegal one. The judge does not think Goldman misled its clients but the Levin/Coburn report states unequivocally that it did.

Of course, judges seem to believe that Goldman Sachs deserves all the money it can acquire through whatever means--by betting others' money, by creating junk securities to sell and by taking risks with the economy. The loser in the case is the Southeastern Pennsylvania Transportation Authority. It boggles the mind why any organization would want to invest in Goldman Sachs!

Another example: a New York judge, Bernard J. Fried, also dismissed suits filed by the Security Police & Fire Professionals of American Retirement Fund and investor Judith A. Miller. Goldman Sachs likes to funnel all the money from the middle and working class to the 1% which is Itself.

So you can decide for yourself where the corruption begins and where it ends.

. . . . . . . . . . . . . . . . . . . . . .

Now for a little fun. You may have noticed that many of the headings of posts on this blog would make good sayings for use by Occupy Wall Street placards. Here is a small sample:

Goldman Sachs is the Epitome of the Economics of Greed

Goldman Sachs's Tomfoolery

The Unscrupulous Men of Goldman Sachs

Goldman Sachs Suckling the Government Teat

Goldman Sachs as a "Vast Criminal Enterprise"
(their words too)

The Doom of Goldman Sachs

How Goldman Sachs Games the System

Goldman Sachs Plunders the Nation, Devours Its Riches

Goldman Sachs - Public Enemy No. 1

The Subversive Effects of Goldman Sachs $

etc., etc., etc.


They're all in bed said...

Call or Go to Zuccotti Park to Protest Removal of #OccupyWallStreet From Zuccotti Park

Zucotti Park is actually owned by Brookfield Properties. By a happy coincidence, Bloomberg’s girlfriend, Diana Taylor, sits on Brookfield’s Board.

If you change the terms of an agreement (which this effectively did), you’d expect Brookfield to have to pay the city in exchange for restricting use of the plaza or offer some other consideration. Given that Bloomberg’s long standing significant other Diana Taylor is on the board of Brookfield Properties, this is all a little too cozy.

Clean house said...

A Few Thoughts On The Occupy Wall Street Movement

Repubs vs. Dems: A False Dichotomy

Vote Republican?  The Repubs increased debt from around $5.6tr in
2000 to over $10tr by 2008.  They also passed the massive social
entitlement  program Medicare Part D without any mechanism for actually
paying the tab.  The party of small government and fiscal conservatism
you say?  Yea, right. 

Vote Democrat?  The Dems supported the bailout of the banks, the
funding of ruinous foreign wars started by the Repubs, the re-nomination
of Ben Bernanke as the head of the Fed and appointed to the highest
offices of White House influence - the very architects that helped
create the global financial disaster we currently face.  Summers,
Geithner, Rubin and many others have had President Obama’s ear since day
1.  You think those guys are advocating a solution which would see the
banks actually take write-downs and losses as any other business would
have to?  Not likely.

Both major parties spend enormous time and money maintaining their
own power bases of large, wealthy campaign contributors to try and
outspend their competition in the next election.  When they win, they
serve their campaign contribution masters well with the hopes that this
process will be rinse, wash and repeat the next time around.  Both
parties support no term limits.  Both parties support liberal campaign
finance laws.  Both parties kowtow to Wall Street.

So what’s a disenfranchised, frustrated, out-of-work lower or middle class citizen to do?

All clowns said...

With Goldman's Foray Into Higher Education, A Predatory Pursuit Of Students And Revenues

Soon after the Goldman buyout, the newly private Education Management
LLC embarked on its most ambitious period of growth -- one that has
recently brought it crosswise with federal prosecutors, who have accused the company of widespread fraud in its recruitment processes.

The timing for expansion had been ideal: With the help of current
House Speaker John Boehner, Congress in February 2006 deregulated the
world of online learning, opening a significant frontier to colleges
seeking to expand their enrollments. A month after the online learning
law took effect, in March, EDMC's board of directors announced the
acquisition by Goldman and its partners.

Anon said...

My Advice to the Occupy Wall Street Protesters
Hit bankers where it hurts

To quote the immortal political philosopher Matt Damon from
Rounders, "The key to No Limit poker is to put a man to a decision for
all his chips." The only reason the Lloyd Blankfeins and Jamie Dimons of the
world survive is that they're never forced, by the media or anyone else, to put
all their cards on the table. If Occupy Wall Street can do that – if it can
speak to the millions of people the banks have driven into foreclosure and
joblessness – it has a chance to build a massive grassroots movement. All it has
to do is light a match in the right place, and the overwhelming public support
for real reform – not later, but right now – will be there in an

Nikki Hilton said...

 Nice... what we have to consider for this.

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