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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, November 14, 2011

Goldman Sachs Adviser Is Italian Prime Minister

We are very tired of naming another apostle of Goldman Sachs in a regulatory and governing position--i.e., Mario Monti. Mario Draghi recently moved from being head of the FSB to president of the ECB. We need respite from Goldman Sachs men and from the men who rule with an economics degree. Both should be shelved for some time while the world recovers from the banks' misdeeds and from the fog and obtuseness of economics as practiced and theorized by Alan Greenspan and Larry Summers, for example.

Now we have a Goldman Sachs international adviser, who is also an economist, running Italy!

ZeroHedge by Tyler Durden has some views on this state of affairs quoting from the FT:

Goldman Sachs International Advisor Mario Monti Is Italy's New Prime Minister
By Tyler Durden - ZeroHedge
. . . .
The squid abides:

But on the political fringes there are already those portraying Mr Monti – who is listed by Goldman Sachs, the investment bank, on its board of international advisers – as a tool of the “masters of the universe”, along with Mario Draghi, head of the European Central Bank and former Goldman Sachs executive.

This is the band of criminals who brought us this financial disaster. It is like asking arsonists to put out the fire,” commented Alessandro Sallusti, editor of Il Giornale, a Milan daily owned by the Berlusconi family.

From the most recent Goldman annual report:

Translation: in under two weeks, Goldman has taken over both the ECB and Italy.

Read the entire article here


All scum all the time said...

Timing Questions Emerge on MF Global Cash

"As long as the trustee is sitting on a pile of cash he obviously intends
to use it for administrative expenses and legal fees. And legal fees
can be huge (amounting to over a billion dollars in the Lehman Brothers
bankruptcy case). So the trustee will string this out for as long as he
can while the company's customers wait and wait for the money that
rightfully belongs to them. It's what can happen when former Goldman
Sachs traders get a hold of a company. Insider trading and ripping off
clients and customers is their specialty."

Verum said...

OWS NY Overrun! In Middle of the NIght

I stand with OWS against the tyranny that has become in the United States. The movement may have been ejected in the middle of the night but it will stand. Criminals act under the cover of darkness so that they can conduct their criminal deeds with out any one noticing and such is the case tonight .Mayor Bloomberg somewhere between 1 AM and 2 AM in the morning he decided that it was time for him to rid the city of the occupied Wall Street movement by ejecting them from quote liberty Plaza right near quote freedom Tower in Zucotti Park. These few people were such irritants to the function of the city that they need to be removed in the middle of the night that no one would notice their loss and no one would notice. The draconian action of this dictator mayor designed to avoid the news cycle such is the bravery of the so-called mayor who was able to elect himself to a third term in office a third term against the very laws established by the city prevent dictatorship from occurring. Bloomberg was able to use and peddle his influence to bend the rules in his favor to his ego the same type of ego which John Corzine Sen. and governor New Jersey at the seams, and with client monies from MF global this same evil and ego which senators and congressmen used to claim your pockets with the money and bounty from insider trading done on information which they have through their station in office this system is that of Ray is: who certainly from a financial crisis and economic crisis of the past to a physical breakdown crisis of the future for our system infuses money with well and therefore it will not happen the work because it lacks the ability to allocate talent to current and future needs how many of these criminals financial analysts and lawyers could've been productive scientists and researchers how many thousands of them are better than Wall Street and Washington making laws to their own advantage ejecting protesters from peaceful resistance. They will, and our day is number four we will no longer tolerate their presence in office it is an abomination to the American system to a republic to a free society

Screwstoyou said...

Big Banks Turn Unemployment Benefits Into a Profit Center

And if you needed any more of a reason to move your money, consider that many firms, such as Bank of America, have turned the truly indigent into profit centers, by making money off of debit card fees for unemployment benefits.

    Shawana Busby does not seem like the sort of customer who would be at the center of a major bank’s business plan. Out of work for much of the last three years, she depends upon a $264-a-week unemployment check from the state of South Carolina. But the state has contracted with Bank of America to administer its unemployment benefits, and Busby has frequently found herself incurring bank fees to get her money.

BofA isn’t alone in this practice. US Bank, Wells Fargo, JPMorgan Chase and others have seized control of public benefits in the states, forcing beneficiaries to use their services. And if those banks aren’t available in their areas, or even if they are, they get hit with fees.

Bravo said...

"Never be afraid to raise your voice for honesty and
truth and compassion against injustice and lying and greed. If people all over
the world would do this, it would change the earth." -William C.

Want More said...


History in the making said...

Let's not make any pretense about what is happening.

What we are witnessing at Liberty Park and venues all across "Amerika" has nothing to do with damage to public property, fire hazards, threats to public safety and health hazards.

It is a coordinated attempt to muzzle a movement that is stubbornly and in a very public fashion delivering one simple and concise message: Our crony capitalist system is corrupt to the core and the people are sick and tired. It has nothing to do with communism, socialism, nihilism, anarchism, flower power, collectivism or whatever else the GOP Presidential debate team says.

It has everything to do with this...

Joyce said...

The anger is building and clearing all the OWS sites will only add to the anger.  The powers that be should at least realize that citizens need an outlet for their dislike, their feelings of betrayal and their anger.  Taking the Occupation away will make the next step even more problematic.

usedtobesupermom said...

As you probably know ALL the violence has been commited by so-called law enforcement. Or by agent provocateurs. They are trying to provoke violence so they have an excuse to use DEADLY force. The powers that be don't know how to deal with peaceful protests.
Ido have a warning though Congress has fast-tracked H.R. 645

usedtobesupermom said...

As you probably know ALL the violence has been commited by so-called law enforcement. Or by agent provocateurs. They are trying to provoke violence so they have an excuse to use DEADLY force. The powers that be don't know how to deal with peaceful protests. Ido have a warning though Congress has fast-tracked H.R. 645

usedtobesupermom said...

Mark Glasser said...

Goldman Sachs was responsible for the elder abuse of my mother Lillian Glasser and the destruction of her life.   This is a link to my video taken On Capitol Hill in Washington DC.

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