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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

Monday, October 3, 2011

Roseanne Barr's Opinion About Goldman Sachs

Now for a little levity from all that loan guarantee stuff (TLGP) that Goldman Sachs enjoys from the FDIC here and here.

Goldman stock continues on its downward trend.

We do not condone violence of any kind.

The Occupy Wall Street protests have spread all over the US and into Canada and have maintained their non-violent nature (except for some policemen).

Roseanne Barr: 'Guilty' Wall Street Bankers Should Be Sent to Reeducation Camps or Beheaded
By Fox News

Controversial comedienne Roseanne Barr has her own solution to the financial crisis: behead any wealthy banker making more than $100 million who won't be reeducated.

In an interview with the RT program “Keiser Report,” Barr said if she were the president, she would bring back the guillotine as a form of justice for Wall Street’s “worst of the worst of the guilty.”

“I first would allow the guilty bankers to pay back anything over 100 million in personal wealth because I believe in a maximum wage of 100 million dollars,” she said. “If they’re unable to live on that amount then they should go to the reeducation camps, and if that doesn’t help, then be beheaded.”

While participating in the Occupy Wall Street protests, Barr argued that if corporations were people, then Goldman Sachs should be executed for committing crimes against American people.

“If corporations are people then Goldman Sachs needs to be executed for premeditated mass murder, terrorism mayhem & grand larceny,” she wrote on her Twitter page.

Barr said she would be creating the “Green Tea Party,” under which she would run for “Prime Minister of America.”

“I'm running 4 Prime Minister of America- my party is the 'Green Tea Party of America'- natural capitalism=bankers can avoid [eternal] damnation,” she tweeted Saturday.

According to, Barr is worth an estimated $80M. When the site called Barr out in a post, she angrily tweeted them "you lying piece of sh**-i said guilty bankers, not non guilty ones! not all rich r guilty including me-u commie."

Barr’s latest venture – a reality show on the Lifetime network about her working on a Hawaii macademia nut farm – was recently dropped after one season. She is reportedly working on a new sitcom called “Downwardly Mobile.”

Read the article and view the video here


No_leadership said...

Oh It's Not 2008 Eh?

That's what all the crooners want you to believe.

The only thing you have in any economy, or in any market, is confidence.  The law says you have a right to trust a balance sheet.  That it should reflect, in all material respects, the firm's prospects.  The firm is also under an obligation (under Reg FD) to timely disclose material adverse events - like, for instance, the fact that it has no good collateral for its daily market operations.

If this pattern holds and again nobody is held to account - nobody is indicted, nobody goes to jail, "primary dealers" continue to have the ability to operate in the United States despite playing these games and American firms are not forced to tell the truth or suffer severe criminal legal consequences this is not a time to buy, it's a time to leave.  A time to withdraw your consent to be governed through any and all lawful means.  Nobody has been held to account for the events of 2008, and nobody is being held to account now.  There have been no arrests, no prosecutions, no indictments, and nobody has gone to jail.

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