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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

Friday, July 13, 2012

Goldman Sachs:::Government:::Goldman Sachs:::Government:::Goldman Sashs:::

Yes, folks, the revolving door is greased and rotating freely.  Andrew Williams joins Richard Siewart at Goldman Sachs.  Both were spokesmen for Timothy Geithner, the Treasury Secretary.

These cozy relationships between government and Goldman continue apace.  Indeed, as quoted from Neil Barofsky:  "the circle is almost complete."
Andrew Williams, Ex-Treasury Spokesman Headed To Goldman Sachs
By Bonnie Kavoussi - The Huffington Post

Is Geithner next?

Andrew Williams, a former spokesman for Treasury Secretary Timothy Geithner, is headed to Goldman Sachs at the end of July, the Financial Times reports. That's only increased the speculation that Geithner may head to Goldman next year.

Williams, currently director of media relations at General Electric, is the second of Geithner's top spokesmen to decamp to Goldman. Richard "Jake" Siewert, also a former spokesman for Geithner, left the Treasury Department a few months ago to lead Goldman Sachs' public relations department.

Williams' and Siewert's decisions to move to Goldman are fueling speculation that Geithner may join them. It's also providing fodder for critics, who say that the relationship between the government and Goldman is too cozy. In some circles, Goldman has earned the nickname "Government Sachs." Geithner's predecessor as Treasury Secretary, Henry Paulson, served as CEO of Goldman before taking his job as Treasury Secretary.

Read the whole article here 


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