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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

Thursday, January 5, 2012

Venn Diagramming Goldman Sachs (and Other Influences on Government)

Naked Capitalism has links to a number of Venn Diagrams (posted by Lambert Strether) that readily show the numerous influences on the running of the government. One that includes Goldman Sachs and the Government (which we are familiar with) can be found here:

Another set of diagrams for Green Energy, Defense Contractors, Fannie Mae, Big Oil and GS can be found here:

Then for anyone interested, you can make your own diagrams with the information found at the links below:

For this last link, you will have to read the book.


Get smart said...

Chris Hedges Interview

Not funny said...

Great interview...

The Joke is on the Rest of Us
Have the Super-Rich Seceded from the United States?

The real joke is on the rest of us. After the biggest financial meltdown in 80 years – a meltdown caused by the type of rogue financial manipulation that Romney embodies – and a consequent long, steep drop in the American standard of living, who is the putative front-runner for one of the only two parties allowed to be competitive in American politics? None other than Mitt Romney, the man who says corporations are people. Opposing him, or someone like him, will be the incumbent president, Barack Obama, who will raise up to a billion dollars to compete in the campaign. Much of that loot will come from the same corporations, hedge fund managers, merger and acquisition specialists, and leveraged buyout artists the president will denounce in pro forma fashion during the campaign.

The super-rich have seceded from America even as their grip on its control mechanisms has tightened.

I do not mean secession in terms of physical withdrawal from the territory of the state, although that happens occasionally. It means a withdrawal into enclaves, a sort of internal immigration, whereby the rich disconnect themselves from the civic life of the nation and from any concern about its well-being except as a place to extract loot. Our plutocracy now lives like the British in colonial India: in the place and ruling it, but not of it. If one can afford private security, public safety is of no concern; if one owns a Gulfstream jet, crumbling bridges cause less apprehension – and viable public transportation doesn’t even show up on the radar screen. With private doctors on call, who cares about Medicare?

To some degree the rich have always secluded themselves from the gaze of the common herd; for example, their habit for centuries has been to send their offspring to private schools. But now this habit is exacerbated by the plutocracy’s palpable animosity towards public education and public educators, as Michael Bloomberg has demonstrated. To the extent public education “reform” is popular among billionaires and their tax-exempt foundations, one suspects it is as a lever to divert the more than one-half trillion dollars in federal, state, and local education dollars into private hands, meaning themselves and their friends. A century ago, at least we got some attractive public libraries out of Andrew Carnegie. Noblesse oblige like Carnegie’s is presently lacking among our seceding plutocracy.

Take back your country said...

Why I Support Ron Paul

Why Ron Must Run Third Party

I support Ron’s attempt to get the Republican nomination even though I recognize that hell will freeze over before the Republican establishment allows him be chosen.  Nevertheless, it is a smart move as he is exposing the lack of ideas amongst the Republican field and exposing them as the empty suits that they are.  Other than him, they will all be puppets of TPTB just like Obama.  I think that simply his running is changing the debate and converting more people to his perspective.     So the big question is what should he do after the Republicans choose their new Wall Street puppet Romney.  In my opinion, he must run as a third party candidate.  No matter what he will not be returning to Congress so this is really his last shot and I actually think he can win as a third party candidate.  Just imagine a debate between Romney, Obama and Paul.  How will they respond to Paul’s strong defense of civil liberties.  Or his attacks on the Federal Reserve system.  Or his anti-preemptive war stance?  They can’t and it will expose Romney and Obama to be the same guy on the important issues at play today.  They will be shown once and for all as the empty suits that they are.  Even if he doesn’t win, turning this whole thing around will not happen overnight.  It is a process and him running as a third party candidate will further expose the two party system as the sham that it is and further accelerate the demise of both parties.  In fact, I already think that by 2016 the Democratic party will be essentially a shadow of its former self and the Republicans may be as well if they continue on the path they are on much longer.  To paraphrase Shakespeare.  The tides in the affairs of men are changing.  Neither political party can comprehend it.

MCX Today said...

really u guys doing a well job

Short memories said...

Recipe for a Revolution (A Sobering Warning)

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