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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

Tuesday, February 19, 2013

Goldman Sachs: Warren Buffett and Mark Carney

Max and Stacy on the Keiser Report compare the contamination of beef products (with horse and donkey meat) to the contamination of CDOs that caused the financial crisis when sold worldwide.  Banks as abattoirs is also an interesting comparison.

See the video (top on right) and the fourth video here


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