The first sign of what would ultimately become a $ 3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.
BusinessWeek.com — Finance
Lee Farkas, the former chairman of Taylor, Bean & Whitaker Mortgage Corp., went on trial today as the accused mastermind of a $ 1.9 billion fraud conspiracy. Looming in the background was the company’s relationship with the bailed-out federal mortgage financier, Freddie Mac.
BusinessWeek.com — Finance
Nevsky Capital LLP’s Martin Taylor, who decided a year ago to step away from the “intensity” of running a $ 3.3 billion hedge fund, is starting a new version one-fourth the size, said two people with knowledge of the plan.
BusinessWeek.com — Finance
European stocks dropped for the first time in three days amid speculation this year’s rally has pushed valuations on equities beyond the outlook for corporate and economic growth.
BusinessWeek.com — Finance
This week we have Leslie Fine, Chief Scientist, Crowdcast and Taylor Mingos, CEO of Shoeboxed. For more information, show notes, and an upcoming schedule, go to www.thisweekin.com. UPDATES Network: Did you read the Press Release we have doubled our shows. Please RT! www.prweb.com We were asked to define cloudwashing. A picture’s worth a thousand words. bit.ly Subscribe to our iTunes & YouTube Channels and RATE THIS SHOW! Please check out our Sponsors virtacore.com http netdna.com NEWS HEADLINES 1) A major report from Fujitsu says economic stress, demographic changes, globalization and increased mobile services will all influence how cloud computing develops over the next 10-20 years. http 2) The US Census Bureau is a great use-case of the benefits of cloud computing. They took advantage of SaaS and IaaS providers during peak times for the 2010 census. bit.ly 3) EMC has shut down its Atmos cloud storage service to avoid competing with its software customers. bit.ly 4) Amazon attempting an IT switch to AWS. bit.ly 5) Zoho Calendar has moved out of beta bit.ly INTERVIEW Leslie Fine, Chief Scientist, Crowdcast www.crowdcast.com Business intelligence tool for tapping the collective knowledge of employees Leslie, a forefront thinker in game theory and market and mechanism design, develops the tech & design behind the Crowdcast platforms. She has filed nine patents on mechanism design, three of which she authored while developing Crowdcast’s leading prediction market technology …
Video Rating: 5 / 5
This week we have Jeff Malkin, President of Encoding.com and Rob Bershteyn, CEO of Coupa. For more information, show notes, and an upcoming schedule, go to www.thisweekin.com.
Video Rating: 5 / 5
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