June 5, 2013
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New York Attorney General Eric Schneiderman has summoned representatives of the four largest smartphone makers to a summit next week where he plans to press them on their failure to address soaring thefts of their products.
Schneiderman, along with San Francisco District Attorney George Gascon, will question Apple, Google, Samsung and Microsoft officials in New York about why they have not yet developed technology that renders stolen mobile devices inoperable, eliminating the incentive for theft.
About 1.6 million Americans had their smartphones stolen last year, according to Gascon, and around 40 percent of robberies in major cities now involve mobile devices, according to the Federal Communications Commission.
New York Attorney General Eric Schneiderman is convening representatives from Apple, Google, Samsung and Microsoft to question them on their failure to address soaring thefts of their smartphones and tablet computers.
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November 26, 2012
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Even in the movie version of the financial crisis, the giant mortgage company accused by the U.S. government of rampant fraud and abuse wouldn’t be so obvious as to nickname its mortgage lending program “the Hustle.”
The real-life Countrywide Financial, however, was not known for its subtlety. In 2007, as the mortgage market was collapsing, Countrywide, now part of Bank of America, used the hustle — officially, a program it called the “High Speed Swim Lane” — to eviscerate lending standards in order to keep pumping out home loans, even though many were fraudulent, according to a lawsuit filed by the U.S. government last month.
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