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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

Friday, March 29, 2013

Adbusters Would Like to Shut Down Goldman Sachs Forever!

My question is:  How do citizens close down Goldman Sachs when it only has millionaires for both depositors and clients and never comes anywhere near where working or middle class people are?  Occupy Wall Street is stymied by police and "kettling" tactics.

As long as the pursuit of money is the raison d'etre of most citizens, then Goldman Sachs will be here indefinitely.

Adbusters Calls for Actions to Shut Down Goldman Sachs Offices 

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The magazine Adbusters has launched a new campaign targeting financial firm Goldman Sachs. Calling Goldman "the most powerful and unrepentant of the financial fraudsters," Adbusters has called for actions to shut down all of the firm’s 73 global offices. Adbusters has been credited with helping to spark the Occupy Wall Street movement that ignited the country in 2011. It’s calling for protesters to use the Twitter hashtag #GOLDMAN.

See the article here
Also see the article here which targets certain Goldman Sachs offices
Another article on Adbusters here


t bennett said...

revise your question:

Lanny Breuer Cashes in After Not Prosecuting Wall Street Execs, Will Receive Approximate Salary of 4 Million Dollars

It's official, and former Department of Justice (DOJ) Criminal Division Chef Lanny Breuer is bragging about it. He'll return for the third to time the white collar (now expanding its clients internationally) legal defense firm of Covington & Burling, but this time at a whopping salary.

According to the New York Times: "Mr. Breuer is expected to earn about $4 million in his first year at Covington. In addition to representing clients, he will serve as an ambassador of sorts for the firm as it seeks to grow overseas."

As BuzzFlash at Truthout has speculated before, one can argue (and the same holds true for Eric Holder, also a Covington & Burling alumni appointee), Breuer was building his value in the marketplace at the DOJ, while Wall Street executives who nearly destroyed the American economy went unprosecuted. And his future value to his old white collar defense firm was dependent, in large part, on him not angering the people who would be the clients of Covington & Burling when he left the Department of Justice. The result, one can contend: no prosecutions of banks "too big to fail" execs as publicly stated as a policy by both Breuer and Holder.

This isn't just a revolving door; one can argue it's a dereliction of legal responsibility by an employee of the people of the United States. One can proffer that it's a cash-in career move by a resume climber who was careful not to bite the hands that will write the checks that will feed him on a lavish scale.

Joyce R said...

t bennett, thanks for your input. I wish I could revise my question. Thanks for the link. See

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