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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, October 11, 2012

The "Lord" Blankfein Not Afraid of Anyone or Anything

Lloyd Blankfein Is Not Really Concerned About Greg Smith's Upcoming Tell-All Book

Read more:  click here

In case you need a refresher, Smith is the former Goldman vice president who resigned publicly via a scathing op-ed in the New York Times that ripped into the bank's culture. 
He's now coming out with a memoir called "Why I Left Goldman Sachs", which is said to include things like shenanigans in a Las Vegas hot tub and excesses of the real estate boom
When you feel you own governments worldwide and certainly had a large control of the U.S. government allowing themselves to "rape, pillage and plunder" our economy and our people why then would you be in any way afraid of one of your own telling the truth?  

The answer is simply, I believe, that Goldman Sachs will simply denigrate Mr. Smith to the public and use its huge resources in PR to downplay anything and everything Smith has to say.

However, some of us certainly look forward to his new book and the tihings he has to say about Goldman Sachs the company and possibly Lloyd Blankfein "the company man".

If you go to the link above, "Why I left Goldman Sachs" you can read the New York Times Op - Ed by Greg Smith.  It was infact, his resignation.  

In this Op - Ed piece, Smith in part says,

I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.
We here at GS666 and especially our founder Mike Morgan has always felt and believed that Goldman Sachs was and still is a "toxic" and "destructive" company.  Toxic and destructive not only to its employees but to their clients and the financial health of our economy, our government and the majority of our population - the middle class - they very definitely had a large part in destroying.

So, Mr. Blankfein is "not afraid of the big bad wolf" because perhaps he is "the big bad wolf".


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