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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

Sunday, February 5, 2012

Goldman Sachs's "Piñata Capitalism"

One thing that Max Keiser can be depended on to do is to stay on message and he knows who initiated the world financial crisis: the banks like Goldman Sachs and JP Morgan Chase. The flim flam man from Washington (below) states that the problem "is not a banking problem" but an "over-regulation" problem. What a twisting of truth, truthiness and fiction that conservatives mouth but Max will straighten him out.

We share Max's exasperation.

Goldman Sachs cooked Greece books
Interview with Max Keiser

You can see the video here


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