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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, August 12, 2012

With Goldman Sachs There is No Confusion About Money

Charles Schumer is a Democratic Senator from New York and is the third ranking Democrat in the Senate behind Majority Leader Harry Reid and Senate Majority Whip Dick Durban.  Goldman donated individually and in PACs contributions totaling $509,540 to this politician.  Goldman also donated to Mitt Romney a total of $636,080.

Money saturates politics with its noxious influence.

ZeroHedge has a chart worth seeing:

Confused  Why Goldman Will Face No Criminal Charges?  Here's Why
By Tyler Durden - ZeroHedge
. . . .
 Today, on the other hand, we learned courtesy of Goldman's 10-Q, that the US justice department will not press criminal charges against Goldman Sachs. This, despite Senator Carl "Shitty Deal" Levin, in one of the most bombastic kangaroo court spectacles on live TV ever, asking for a criminal investigation after the subcommittee he led spent years looking into Goldman, and in which he said Goldman misled Congress and investors (and according to which billions in fraudulent RMBS misrepresentations are all still only Fabrice Tourre's fault, at that time under 30 years old). And so we pose the same answer, and provide the same anwer, as yesterday, only flipped around: "Confused Why Goldman Will Face No Criminal Charges? Here's Why." 

See the chart of contributions and read the rest here 


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