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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

Wednesday, October 24, 2012

Goldman Sachs as "Mr. Good in the Sack"

William K. Black has a way with words and says it well here:

The Vampire Squid has feelings and Obama is no longer her BFF
By William K. Black - New Economic Perspectives

Matt Taibbi famously dubbed Goldman “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Taibbi knew his metaphor worked a deep injustice on Vampyroteuthis infernalis, a small animal that feeds on carrion and excrement (I will let the reader explore the metaphorical possibilities).    Goldman Sachs’ leaders were always secretly flattered by Taibbi’s metaphor.  They like being thought of as hyper-aggressive and intimidating.  Saying that an investment banker’s goal is to make money is to state the obvious and causes no embarrassment.

The news flash is that Goldman Sachs has revealed her new, softer side.  She has become Ms. Good in the Sack and she wants us all to know that she has feelings and she is terribly hurt by the way she is being taken for granted, treated coldly, and made fun of as a “fat” feline.  The cruelest blow is that Ms. Good in the Sack suffered these indignities at the hands of the handsome new guy who escorted her to the presidential ball.  Her BFF, the tall, dark and handsome guy who was exotic without seeming too dangerous – the kind of guy her dad always warned her never to date – has betrayed her.  No sooner had she gotten in a serious relationship with Obama that helped him climb to the top of the social order than she saw him flirting with that skank – Ms. Liberal.

Ms. Liberal is notoriously easy.  She is always eager to jump in the sack with any Democratic President who pretends to care about her mind and ideas.  Democratic Presidents always take her for granted the next morning and even mock her, but Ms. Liberal stands by her man.

Read the rest of the article here


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