Mob Rule! How Users Took Over Twitter from @Wired Magazine

Mob Rule! How Users Took Over Twitter

But Twitter is already weird: It rocketed into the mainstream without really knowing what its service was. Its users defined it. It was those users who made Twitter into a throbbing global sensing organism that delivers instant opinion and eyewitness reporting on everything from presidential debates to football injuries. Though the company held a discussion earlier this year called “What Do We Want to Be When We Grow Up?” the mission statement is still a work in progress. “If there are three sentences I’d use to describe Twitter,” Stone says, “one of them would be ‘I don’t know.’”

Mass. Court Invalidates Thousands Of Foreclosures

Judge Long ruled that foreclosures were invalid when the lender failed to bring  the ownership documentation (known as an assignment) up-to-date until after the foreclosure sale had already taken place. An assignment is a legal document confirming that a mortgage loan has been transferred from one lender to another. Assignments must be recorded with a registry of deeds so anyone researching a property’s title can track the loan’s origin and ownership. Oftentimes, as in the Ibanez case, lenders will sell bundles of loan and record backdated assignments with an effective date before the first foreclosure notice. Judge Long effectively prohibited this practice.

Cuomo today announced two guilty pleas in the ongoing Pay to Play investigation

Cuomo today announced two guilty pleas in the ongoing investigation relating to the New York State Common Retirement Fund

Raymond Harding, the former chair of the Liberal Party, and Saul Meyer, a founding partner of a Dallas-based firm that advises public pension systems across the nation, both pled guilty to felony securities fraud charges for their involvement in pay-to-play kickback schemes at the New York State Office of the Comptroller and the CRF.

“These guilty pleas vividly depict the depth and breadth of corruption involving the New York State pension fund,” said Attorney General Cuomo. “In one case, we see New York’s state pension fund looted to reward a political boss with hundreds of thousands of dollars in improper payments. In the other, we see a pension fund adviser - the outside “gatekeeper” who is supposed to safeguard the integrity of the pension fund process - recommending deals based on pressure from pension officials and politically-connected people.