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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, December 12, 2012

The Winner Is--Goldman Sachs!

It is time to sum up the world-wide coups d'état that Goldman Sachs has successfully pulled off over the years.  From selling swaps to Greece to bailing out Wall Street, to governing the Bank of England, to supplying technocrats for Greece, Germany, Italy, Belgium and France, it is Goldman Sachs guys  who are making the big plays.  Goldman Sachs does not lose. 

What we have now is a World According to Goldman Sachs and it is not a kind world.  The people pay for Goldman Sachs's infinite game of speculation on the wealth of other people.

Goldman Sachs' Global Coup D-etat
By Thom Hartmann and Sam Sacks - truthout (The Daily Take)
. . . .
Why are the working people of Greece, Portugal, Spain, and Italy suffering under austerity and being asked to sacrifice their pensions, their wages, and their jobs when, after five years, it’s clear these policies are only making these nations’ debts even harder to pay off? 

It’s because Goldman Sachs is sucking the last remaining wealth out of those nations to recoup whatever failed investments they made before the Crash.

Why have thousands of homeowners in the United States turned to suicide, domestic violence, and even mass murder when faced with home foreclosure, when a simple solution like re-writing mortgages, which FDR did successfully during the Great Depression, could put an end to the bloodshed and misery?

It’s because re-writing mortgages would force banks like Goldman Sachs to take a hit. And thanks to the game they’ve created, they actually make more money when a home they own is foreclosed on.
Why, despite mountains of evidence, have banksters at Goldman Sachs and other Wall Street institutions not been thrown in jail for defrauding customers, manipulating LIBOR interest rates, and throwing thousands of Americans out of their homes illegally in a massive robo-signing scandal?

Read the whole article here 


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