In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual. What else would you call it? GS intentionally deceived people for their own gain. You can't go sell something while touting its the greatest money maker in the world the whole while knowing it is "Shit" and going against your own rhetoric and betting against it because you know you will make money. FRAUD!!!
Fraud
- Thread starter NoDrama
- Start date
CrackerJax
New Member
Kind of why as the stock market tanked the other day.... GS went UP.
The market knows.....
This is all a dog and pony show.... we have seen it before from the socialist playbook...... deflect misdirect misinform, whip up an uninformed base and grab more powah.....
Oh look... they have a financial bill all ready....
The market knows.....
This is all a dog and pony show.... we have seen it before from the socialist playbook...... deflect misdirect misinform, whip up an uninformed base and grab more powah.....
Oh look... they have a financial bill all ready....
Yes I found it hilarious and very telling that they have a financial reform bill all ready to go! The market does know, unfortunately the market is mostly made up of the big players. So many folks are still out of the market after getting bitten last time. This is not your grandfathers market that is for sure.Kind of why as the stock market tanked the other day.... GS went UP.
The market knows.....
This is all a dog and pony show.... we have seen it before from the socialist playbook...... deflect misdirect misinform, whip up an uninformed base and grab more powah.....
Oh look... they have a financial bill all ready....
If you look at Hanimals reasoning the left leaning media and public education system certainly did a good job turning his mind into automaton.
CrackerJax
New Member
That bill will put all of the taxpayers on the hook for wall street from now on if passed.... so who is the party of greed?
hanimmal
Well-Known Member
Wait so which is it?
GS is evil and Dems are using this to leverage more power for the banks, or they are a part of the market that knows better than to listen to the political garbage that the politicians are spewing?
Because it sounds like your saying, damn if they do something to reform the market and damn if they don't.
But to all those people that are out of the market, it sucks because they missed out on doubling their money over the last year.
GS is evil and Dems are using this to leverage more power for the banks, or they are a part of the market that knows better than to listen to the political garbage that the politicians are spewing?
Because it sounds like your saying, damn if they do something to reform the market and damn if they don't.
But to all those people that are out of the market, it sucks because they missed out on doubling their money over the last year.
You mean Recoup losses?
CrackerJax
New Member
Half the country was smacked down by the govt. interference in the markets.... yes, everyone is thrilled....
The smart money is now overseas.... in India and China...where they have a GDP .
$$$$$$ booyah!!
The smart money is now overseas.... in India and China...where they have a GDP .
$$$$$$ booyah!!
medicineman
New Member
Thanks mr. ponzi, I receive my checks right on time every month!Madoff is in jail for running a Ponzi scheme....
Social security is a Ponzi scheme......
This is a dog and pony show to push through the financial bill .... which will put all the taxpayers on the hook.
But that's okay with some of you....
Wake up.....
RickWhite
Well-Known Member
Unlike others here I'm not going to pretend to be a lawyer, but I did stay at a Holiday Inn last night.
Generally, fraud as I understand it involves a clear material misrepresentation. I'm sure there are many in depth examples and qualifiers for what constitutes fraud and I'm sure in many cases this is a matter for the court to decide.
If I label a can as containing 1lb of coffee and it only contains 1/2lb it is fraud. However, if I label it the world's best coffee and it is crap, it is buyer beware. When selling loans to a company that is in the business of assuming risk, it is difficult to establish fraud because the purchaser knows they are buying risk. The seller is not obligated to disclose their opinion and I see no reason they couldn't bet against the risk they sold.
Now the SEC does have some obscure laws that I am not familiar with but on its face, there is no fraud. If I have a stock, and i believe it is going to tank, I can certainly sell it and even sell short on it. The only way I have done something wrong is if I was involved in insider trading. Bottom line, the investors who bought the stock know exactly what they were buying.
Generally, fraud as I understand it involves a clear material misrepresentation. I'm sure there are many in depth examples and qualifiers for what constitutes fraud and I'm sure in many cases this is a matter for the court to decide.
If I label a can as containing 1lb of coffee and it only contains 1/2lb it is fraud. However, if I label it the world's best coffee and it is crap, it is buyer beware. When selling loans to a company that is in the business of assuming risk, it is difficult to establish fraud because the purchaser knows they are buying risk. The seller is not obligated to disclose their opinion and I see no reason they couldn't bet against the risk they sold.
Now the SEC does have some obscure laws that I am not familiar with but on its face, there is no fraud. If I have a stock, and i believe it is going to tank, I can certainly sell it and even sell short on it. The only way I have done something wrong is if I was involved in insider trading. Bottom line, the investors who bought the stock know exactly what they were buying.
medicineman
New Member
Honesty and wall street, direct opposites. One must be duly aware of crookedness to qualify for a position on the street. It is business as usual and anyone doubting that is complicit. I will agree that there are a lot of smart guys on the street, but that does not equate to principles. In fact the smarter one is, the more they can get away with. Common sense is obviously missing in that venue, Just the old "lets see If I can fuck someone better than the next guy". The whole scam is trying to bilk people out of their hard earned cash, works pretty well, eh. They took down a lot of "widows and orphans" loot with the last great robbery. No reason to think it will change with some nuisance of a regulatory bill. Did not the main players walk away with a boatload of cash? Enough said. And just to be assholes, they paid themselves huge bonuses for fucking the people. I say hang em high. In Nv. we have a real scarcity of trees tall enough, we'd have to tie them to the back of our pick up trucks and drag them to death, my pleasure of course.
CrackerJax
New Member
That's nice...but you missed the point.....again.
kamonra
Member
the point is the govt is fraud ... it lies when it wants something illegal ... it claims every idustry is loosing money .... banks need bail out , ins co. need bail out , auto makers need bailout ,, schools claiming broke cutting back on education , states and cities cutting back on libraries and other public services ..... china owns over half of america.... and where is our TAX DOLLARS GOING ...... THE GOVT IS LIKE ENRON ... THE ARE SKAMMING THE AMERICAN PEOPLE .... WHERE DID ALL THE MONEY GO ?? DID SOME ONE TAKE A TRILLION DOLLARS AND BURNM IT ......NOT TO MENTION ... WE HAVNT REBUILD OUR ROADS, SEWAGE SYSTEMS, WATER DRINKING SYSTEMS, LEVIES , BRIDAGES , THEY ARE ALL FAILING .. AMERICA IS FALLING APART ... AND WHERE DID OUR TAX DOLLARS GO ./.... THINK ABOUT IT POPULLATION HAS TRIPLED SINCE THE 50'S(LAST MAJOR INFRASTRUCTURE PROJECT) SO THAT SHOULD MEAN MORE TAX DOLLARS AT LEAST WE KNOW TAXES HAVE DONE NOTHING BUT INCREASE... SO WHERE DID ALL OUR TAX DOLLARS GO ?????? THINK ABOUT PROPERTY VALUE HAS BEEN GOING DOWN SINCE THE REAL ESTATE MARKEY CRISIS .. BUT PROPERTY TAXES HAS GONE UP ACROSS THE BOARD ..../ WHAT IS WRONG WITH THAT PICTURE ......IF WE ALL WENT ON STRIKE AND DIDNT GO BACK TO WORK UNTIL THEY STOP EMPLOYERS TAX .. WOULD THE GOVT. DECLARE MARSHALL LAW ... IF SO THEN WE ARE NOT FREE WE ARE BE RAN BY A MILITARY REGIME ...RULERS CONQUERERS ....DAM THIS ISNT DEMOCRACY .... THIS IS A FUCKING COMMUNIST PARTY .... AMERICA IS REALLY A COMMUNIST COUNTRY DESCISED AS A FREEDOM FIGHTER lol,lol,lol,lol,lololol lmao ......