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Has Google Redefined Beta?
netbuzz writes "Someone finally took the time to do a count of all the Google apps marked 'beta.' And with fully 45% of its products carrying that familiar tag — including 4-year-old Gmail — Google says there's an explanation: Beta doesn't mean to them what it has long meant to the rest of the tech community. 'We believe beta has a different meaning when applied to applications on the Web,' says a company spokesman."
You can't explain away fiscal irresponsibility. What the Government did in the Clinton era is force fiscal irresponsibility on Fannie and Freddie. In other words they forced them to have a certain percentage of loans to low income applicants. These were the first loans to default and get foreclosed upon. It doesn't account for the entire problem. It actually was much larger and did include private companies who were greedy. But the kick-start of this problem was the enforcement of bad business practices upon the big lenders by the federal government under the Clinton Administration.