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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

Tuesday, January 31, 2012

Again We Hear About Robert Rubin of Goldman Sachs Fame

In this video, Bill Moyers describes the financial meltdown as a crime scene where the rich take from the rest of us and we give involuntarily. Moyers has begun a series of interviews that reveal how various actors have played their nefarious roles in bringing down the financial system and at the same time have become wealthy by their actions.

John Reed was Chairman of Citigroup when he helped get rid of the Glass-Steagall Act--a pivotal action in bringing about the financial crash of 2008. Reed now regrets his actions and has apologized but you will probably not hear Rubin make any apology for his role.

You may be interested in reading what Jesse has to say about the video at Jesse's Café Américain where he decribes how Easy is the Descent Into Hell. He quotes Virgil, from The Aeneid:

"Easy is the descent to hell; all night long, all day, the doors of dark Hades stand open; but to retrace the path; to come out again to the sweet air of Heaven--there is the task, there is the burden."

John Reed on Big Banks' Power and Influence from on Vimeo.


Olympia_A said...

Loan sharks knew that if they took the dollars printing machines under their control they could suffocate the world ...they could initially suffocate USA and after taking the USA from the Americans, they could move and suffocate the whole world and take the countries from their people.

FED printed cheap money and loansharking multiplied this money in an unnatural way within the American economy boarders and they discarded them abroad so that they did not threaten USA. USA became the first state in the world with artificial “breathing”...

It cannot be possible but just in the USA for only the last year, more than one million houses were seized. It cannot be impossible but the New World has returned to tents and shelters ..has returned to the ages of Columbus. It cannot be possible that we allow to a few loan sharks looting the toils and the assets of people...

Authored by Panagiotis TRAIANOU 

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