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Obama Picks Net Neutrality Backer As FCC Chief

Ripit writes "President Obama on Tuesday nominated Julius Genachowski as the nation's top telecommunications regulator, picking a campaign adviser who has divided his career between Washington, D.C., political jobs and working as an Internet executive. Genachowski is likely to continue the Democratic push for more Net neutrality regulations, which are opposed by some conservatives and telecommunications providers. He was a top Obama technology adviser and aided in crafting a technology platform that supported Net neutrality rules."

409 comments

  1. And then... by spykemail · · Score: 4, Insightful

    Don't get me wrong, I'm all for the sentiment behind net neutrality. But rather than just regulating, which we know never goes wrong, why not foster a more competitive market as well? I hear that sometimes helps keep capitalism from sucking.

    1. Re:And then... by Man+On+Pink+Corner · · Score: 3, Insightful

      The carriers can "compete" using their own money. Not with public funds.

    2. Re:And then... by Ardeaem · · Score: 3, Insightful

      On the contrary, regulation is what keeps capitalism from destroying itself. Crises at the turn of the twentieth century and now, at the turn of the twenty-first, have confirmed this.

    3. Re:And then... by spykemail · · Score: 5, Funny

      Have you heard of monopolies? Granted it's not that bad thanks to competing technologies but it's still pretty darn bad in many local markets. When was the last time you started a telecommunications company? I hear the tubes can be pretty expensive~

    4. Re:And then... by Rosco+P.+Coltrane · · Score: 5, Insightful

      But rather than just regulating, which we know never goes wrong

      Oh yeah, just what we need these days, more de-regulation. Do you live under a rock, or have you not noticed an economic depression lately that is caused by total lack of regulation?

      why not foster a more competitive market as well?

      Competitive market in what? If you propose to let data carriers compete with one another freely, they'll go to bed with big corporations and media companies faster than you can see the dollar signs in their CEOs' eyes. Then loss of net neutrality ensues. If you propose competition between companies that produce said data, then fair enough I suppose.

      --
      "A door is what a dog is perpetually on the wrong side of" - Ogden Nash
    5. Re:And then... by ByOhTek · · Score: 4, Insightful

      The funny thing is, that's the goal of the regulation.

      Regulation that encourages competition is a good thing. Lack of net neutrality would force people to pay extra charges to the various telcos to compete, which would reduce competition.

      Telcos are already charging their customers, they shouldn't double dip and charge those their customers want to access as well.

      --
      Self proclaimed typo king, and inventor of the bear destroying coffee table (patent not pending).
    6. Re:And then... by LordKronos · · Score: 2, Interesting

      Well, they ARE "competing" now, yet net neutrality is gradually becoming an even more important issue despite that. There are a few problems with competition. For one, there isn't truly competition in a lot of areas. In many cities, franchise agreement restrict other competitors from coming in. Even if there are competitors, you might find that the competition works backward from how you hope. When one company starts charging extra for certain services, that gives them a financial advantage, and others may have to adopt the same policies just to stay competitive.

    7. Re:And then... by erroneus · · Score: 5, Insightful

      The problem with the current broadband market is the cherry picking and exclusivity of many areas. While some areas are rich with broadband while others are lucky to have dialup.

      Internet service needs to be treated as a utility just like electric power and telephone service. There are plenty of working regulations for telephone and power service and we know from recent history and current events when regulations are removed "to bring about competition" right? Texas and California deregulated power and now Texas and California have VERY high energy rates! That's higher, not lower, even when there is supposedly competition present. The monopoly abuses of phone companies are well documented and while there is some level of competition in phone, there are a lot of nonsense costs associated with phone services abusing customers of every form of phone service.

      Capitalism is viewed by many as "that which the market will bear." This lends itself to how much nonsense and abuse the market will bear which is the condition we see today.

      Right now, everyone is scrambling for ways to make profit from everything imaginable and if that means erecting some sort of toll gate system on the public interenet, then that is what they are prepared to do unless they are regulated as a utility. You should see the mess that is the ATM (Automated Teller Machine) processing industry. If you wonder why ATM fees are so high, you have to know that there are several links in the processing chain and that everyone in that chain pushes their small fees that ultimately amount to large fees. If the internet were to adopt this model, you'd be paying $2/hr to post on slashdot.

    8. Re:And then... by flitty · · Score: 4, Informative

      What I would prefer, is if the Pipes were open pipes. The Recovery package should have included money to buy up all of the laid fiber/cable and open it up to competition.

      Here in Utah, Utopia is the open fiber that any ISP can use to give you access, and it works wonderfully. Most fiber is approx $50/month, and if you don't like your provider, you can switch without needing a new wire run to your house. If internet access worked this way, Net Neutrality would be unnecessary, but it doesn't, so it's required so Ma Bell doesn't get any bright ideas about which content it should start filtering.

      --
      Whether or not there is some sort of god, I'm not supposed to say/god is a word and the argument ends there-Smog
    9. Re:And then... by Anonymous Coward · · Score: 0

      Oh yeah, just what we need these days, more de-regulation. Do you live under a rock, or have you not noticed an economic depression lately that is caused by total lack of regulation?

      uhhh.. what? Which lack of regulation would that be?

      Put down the New York Times and inform yourself.

    10. Re:And then... by jgtg32a · · Score: 3, Informative

      Do you know how they got those monopolies in the first place?

      It wasn't through their own hard work and superior service, it was given to them.

    11. Re:And then... by magamiako1 · · Score: 4, Informative

      It was given to them by local governments. At least, around here it was. Comcast had an essential monopoly in Baltimore county for many, many years. It made it impossible for any competing ISP to step in and grab market in this county.

      Guess what? The surrounding ISPs/cable companies went out of business because of this.

    12. Re:And then... by commodore64_love · · Score: 3, Interesting

      There's enough room under the streets, that we don't need monopolies. There's no reason why every urban home can't have access to Comcast, Cox, Time-Warner, et cetera and simply choose which provider they like best. I have two cable companies serving my home - Comcast and Suburban. If it can be done here, and can be done elsewhere.

      Let's have REAL competition, not government fiat monopoly. As for rural homes, i.e. the midwest and west, the focus should be mandating that everyone who has a phoneline must also have the option to upgrade to DSL. No more "we don't offer DSL" allowed. Upgrading existing phonelines is the fastest and cheapest way to get everyone above 56k.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    13. Re:And then... by jgtg32a · · Score: 1

      Quick question about NN

      Have any of the telco's actually started to "double dip" yet?

      This debate has been going on for year and we want regulation that says they can't do it, but beyond expressing interest in charging have any of them actually tried it yet?

    14. Re:And then... by Anonymous Coward · · Score: 0

      The current crisis is a bit of a bad example, as the regulations in place are what forced the banks to make bad loans to begin with.

      I'm not one of those nutjobs that doesn't think anything should be regulated. I just have little to no faith in our government's ability to do so properly (under *any* administration). Of course, that's solely based on track-record.

      I'm still waiting to see what the current administration does. The Google-eyed anti-trust lead and the RIAA laiden DOJ aren't giving me a whole lot of "Hope" though.

    15. Re:And then... by magamiako1 · · Score: 1

      Actually, I'll give you an example.

      http://en.wikipedia.org/wiki/Maryland_Electric_Deregulation

      Maryland deregulated its power a few years back. They insisted that "market forces" would allow consumers to "choose" their electrical power here in MD, and Baltimore in general.

      Guess what? It didn't happen. Guess what happened? Prices went far up as a result of this "deregulation".

      Guess what else? The deregulation was pushed by Enron....

    16. Re:And then... by Anonymous Coward · · Score: 0

      You read too much liberal propaganda: The truth is that the banks were /regulated/ by the government to issue high-risk loans. That is what leads the housing market decline. So in short, REGULATION IS WHAT CAUSED THE HOUSING MARKET DEPRESSION [Citation: http://www.islamonline.net/servlet/Satellite?c=Article_C&cid=1224089072661&pagename=Zone-English-Muslim_Affairs%2FMAELayout ].

    17. Re:And then... by magamiako1 · · Score: 1

      Other than instituting caps to help stifle competing services, not really.

      It's become a hot issue lately as bandwidth usage across the board is on the rise particularly due to streaming video.

      Youtube takes up a vast majority of the internet's available bandwidth and ISPs are complaining about that.

      Many of these doubling as both phone and cable tv operators, they're worried about the internet dipping into their profits on those services.

      Right now, a cable operator can charge you a separate fee for both internet, tv, and phone. But since the internet has become powerful enough to be a reasonable phone and a reasonable TV mechanism, they lose out on this extra revenue stream as people switch off their cable service to go exclusively to internet service.

      The only reason they haven't tried it just yet is they're afraid of the backlash.

    18. Re:And then... by commodore64_love · · Score: 0, Redundant

      >>>On the contrary, regulation is what keeps capitalism from destroying itself. Crises at the turn of the twentieth century and now, at the turn of the twenty-first, have confirmed this.
      >

      Regulation is what CREATED this crisis. The government used regulation (i.e. constantly lowering interest rates) to create a humongous bubble. If government had not done that, the housing/credit bubble would have burst back in 2000-1, and it would have been painful, but it would have only been a minor flooding not a tidal wave (in terms of impact).

      The government makes the exact same mistake with forest management and rivers. They stop small fires, which would naturally burn-off excess brush, and it builds and builds and builds until there's a firestorm that literally turns the ground into glass. And nothing can grow there. Same with rivers. Damming blocks the river from flooding, which releases energy, so instead you have a river that roars through the levees at unbelievable speeds until finally it bursts with a tremendous force.

      We need to stop acting like we can control things.
      We need to let nature takes it course & release energy in small amounts,
      else it will release the energy in one huge burst of destruction.

      Yes this applies to markets, because they too follow natural rhythms. What would have been a minor recession in 2000-1 is now turning into a depression, because the government propped-up failing businesses with artificially-low rates. And now they are making the some foolish mistake with bailouts and stimulus money. Propping-up bad businesses. Enough is enough. Let those businesses die, so we can clear their carcasses out of the way, and get back to rebuilding.

      Regulation is not the answer. Regulation is the cause.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    19. Re:And then... by Cowmonaut · · Score: 2, Informative

      You seem very confused. *De*regulation did more damage than the regulation, but as has already been said more eloquently than I could it wasn't really either that was the issue. It was the bank institutions using flawed risk assessment methods in an attempt to make more money for themselves that has lead to this.

    20. Re:And then... by wisty · · Score: 1

      It's called "The Tragedy of the Anticommons". Unlike "The Tragedy of the Commons" (in which a communal resources is abused), too many transaction fees and economies of scale mean that you simply can't split the system up and let the market sort things out. Regulation, monopolies, or government ownership are the only options, some of which are more evil than others.

      Just imagine if your ambulance service, doctor, hospital, drug company and specialist surgeon were all owned / employed by separate owners, all of whom were trying to rip each other (and you) off. Imagine how inefficient things would be! Or just watch Sicko, where Michael Moore uses to the weak US health system to prove why the slightly weaker (but cheaper) Cuban system is superior.

    21. Re:And then... by spiffydudex · · Score: 2, Interesting

      With this bailout Obama set in motion, our government is set to become the biggest monopoly.

      As far as getting a standard telecom company started (cable,dsl), I don't think we will see many more of those. The company I work for started up as a wireless internet provider. I think we may begin to see more and more non-standard approches to providing internet such as wireless, as these solutions do not require as much capital to get started.

    22. Re:And then... by Shakrai · · Score: 1

      Ah, I knew you were in my friends list for a reason..... well said sir!

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    23. Re:And then... by furby076 · · Score: 1, Insightful

      here's no reason why every urban home can't have access to Comcast, Cox, Time-Warner, et cetera and simply choose which provider they like best.

      Sure there is...price control. Just because it's not good for consumer doesn't mean it's not good for someone else. Don't be greedy pay comcast more money. $200 for that phone/internet/cable package is a fair price for a gimped Internet connection, tv connection & phone connection. Don't worry if Google pays comcast a fee you will get full gimp speed to their content.

      --

      I do not support "The Man". I also do not support your irrational stupidity
    24. Re:And then... by Shakrai · · Score: 1

      Or just watch Sicko, where Michael Moore uses to the weak US health system to prove why he thinks the slightly weaker (but cheaper) Cuban system is superior.

      Fixed that for you.

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
    25. Re:And then... by forsey · · Score: 3, Insightful

      I see a lot of comments about regulation being good or bad, some saying it's the cause and some saying the lack of it is the cause. This is just silly.

      Regulation is a tool, kind of like a gun, and can be used for good or bad purposes. If you are going to say regulation is bad or good, you should name a specific regulation. Granted there are cases when any regulation is bad, but it's just silly to say it's all bad or all good.

    26. Re:And then... by jgtg32a · · Score: 1

      True, but from what I remember the deregulation was in what the area of reporting/auditing, which is just never a good idea.

      The regulation made the mess, and the dereg hide the mess until critical mass.

    27. Re:And then... by Suzuran · · Score: 1

      I'm more scared about giving the government jurisdiction over the internet. Just look at what happened with gay marriage rights in California. As soon as they gave the government power over it, the power was turned against them. As soon as we acknowledge the government has jurisdiction over internet usage it's going to be used against us. It's just a matter of time.

    28. Re:And then... by squallbsr · · Score: 2, Insightful

      In order for Capitalism to work, there needs to be a free market. When dealing with natural monopolies (and artificial ones like the telecoms), regulation is needed to keep the market somewhat fair because monopolies cannot self-regulate.

      Another big issue is that we need a BALANCE between free market and regulation. Too loose of regulations and we melt down Wall St, too much regulation we stifle innovation and growth due to red tape.

      Compare working for a mega corporation vs working for a small company. If you need to buy a software package worth $5000, what do you need to do (assuming the companies have the money):

      MegaCorp
      Those at MegaCorp will need to fill out purchase requests, cost justifications, cost analysis, route the request through 15 different people, have it rejected 3 times because of typos or missing fields on the request.

      Small Company
      Talk to the boss, purchase the software on the corporate AMEX.

      Drawing the analogy to regulation, the more regulation, the harder it is to get things done, the longer it takes and the greater the bureaucracy.

      Moral of the Story: We need a balanced system, just enough regulation to keep people honest but still keep out of the way of doing business.

      --
      Sleep: A completely inadequate substitution for Caffeine.
    29. Re:And then... by Anonymous Coward · · Score: 1

      You obviously have no idea what your talking about, who is going to pay for those DSL upgrades?

      I've worked at a rural telcom and the reason they say "we don't offer DSL" is because the customer is more that 1500 feet from the telco box and to put a new one costs about $10k (including purchase, installation, and wages).

      No carrier is going to do that for one person ever and if you pass some retarded liberal law saying they have to they will just drop that customer from phone service which is there right as independent carriers.

    30. Re:And then... by Polumna · · Score: 4, Insightful

      I'm afraid you're actually quite wrong, there. The president's job is to do what he was elected to do. Given that the president's entire campaign was based around the word 'change,' you might want to consider that the majority of voters apparently agreed. Therefore it could easily be argued that Obama's job, literally, IS to change that which America has become.

      Sorry, I guess I'm just blind.

    31. Re:And then... by N1AK · · Score: 1

      I was going to argue the counter case to the parent, but having done some more research it does seem like electricity deregulation in the USA has actually made things worse: http://assembly.state.ny.us/member_files/044/20070913/ (note: I don't know enough to say it's fact).

      I would however like to say that regulation or de-regulation can be beneficial in different circumstances. In the case of Electricity in the US states perhaps a model based on maintaining a state owned supplier, but allowing new private competitors into the market could be beneficial? Perhaps artificial competition formed by splitting the public electricity firm into two providers would work.

    32. Re:And then... by chthon · · Score: 2, Informative

      Regulation is the damping of a process. Compare with Watt's steam machine. The regulator is needed to make sure that the system does not blow itself up.

      However, in order to get a good regulation, you should first understand the process and be able to show that there is a possibility of run-away, and then create a regulator for the process.

    33. Re:And then... by furby076 · · Score: 2, Informative

      You should see the mess that is the ATM (Automated Teller Machine) processing industry. If you wonder why ATM fees are so high, you have to know that there are several links in the processing chain and that everyone in that chain pushes their small fees that ultimately amount to large fees. If the internet were to adopt this model, you'd be paying $2/hr to post on slashdot.

      I did an intern for a company that processes whole-sale lockboxes for major banks. This gave me some pretty neat stories, & documentations into different areas like ATMs.

      Back when ATMs first came out the gov't mandated that nobody could charge fee's. This was so people would start using the system (hey if you've always gone to your bank teller to get money, why would you now use a machine and have to pay a fee?). Eventually, once ATM's were mainstream the gov't dropped these regulations and BAM Citibank was the first to charge ATM fee's. This continued & escalated until today. As of the year 2002 (when I did my internship) the ATM fee's, per transaction, is 4 CENTS on both sides. Meaning your bank Plus the other bank pays 4 cents per transaction COMBINED! These numbers are obviously on average - high volume atms have a lower cost/transaction while low volume atms have a higher cost/transaction. The charging $1, $2, 3$, $5, $10 is just to try and get people to pay and see how much they can..or as 100% pure-pro capitalism people love to spout until they realize what they are talking about "What the market will bear".

      --

      I do not support "The Man". I also do not support your irrational stupidity
    34. Re:And then... by ccarson · · Score: 1, Insightful

      If change entails taking a crap on our freedom of speech then I don't want any part of it. The fairness doctrine is the government telling citizens what they can and can't say. If this is implemented, the greatest part of America will die.

    35. Re:And then... by 0xdeadbeef · · Score: 1

      why not foster a more competitive market as well?

      WTF do you think net neutrality is for? The word "regulation" does not only mean what talk radio ideologues want it to mean. Property rights themselves are regulation. Without the government to enforce them, there is no such thing as property. Every system has rules, and the rules must be enforced or the system collapses and all value is lost. In this case, the system is more valuable with participant neutrality than without.

      I mean, do you want the internet to be like the mobile carriers, where talk is cheap but downloading a movie costs twenty thousand dollars? Yeah, that "free market" is working great by itself.

    36. Re:And then... by magamiako1 · · Score: 1

      N1AK:

      It would work until the 2 suppliers abuse the pricing system and fix pricing to keep themselves profitable. Particularly if the barrier to entry on new competition is very high and regulated by said companies.

      The "splitting" didn't really work for the phone companies either. Not 20 years later "Ma Bell" is almost back together again, having gobbled up all of the smaller phone providers.

    37. Re:And then... by d3ac0n · · Score: 2, Insightful

      I'm afraid you're actually quite wrong, there. The president's job is to do what he was elected to do.

      I'm afraid YOU are quite wrong.

      Regardless of what ANY presidential candidate campaigns on, he IS restricted to the Constitutionally delineated duties and privileges of the Presidency. Including those he has sworn or affirmed upon taking the Oath of Office:

      "I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my ability, preserve, protect and defend the Constitution of the United States."

      Which means that making fundamental change in our society (such as altering the economy and political system from a Capitalistic Representative Republic to a Socialistic Single Party System.) is literally prohibited from even attempting. Not that "The One" won't try it. The "stimulus" package is one such totally unconstitutional example.

      All that aside though, I'm not necessarily in disagreement with him on this particular selection, provided that this appointee doesn't overstep his bounds in enforcing Net Neutrality as the ISP's have overstepped their bounds in exploiting the monopolies granted to them by federal/state/local governments. Two wrongs don't make a right, let us all hope that Mr. Genachowski remembers that.

      --
      Official Heretic from the "Church of Global Warming". Proven right thanks to whistle blowers. AGW = Flat Earth Theory
    38. Re:And then... by The+Moof · · Score: 1

      In the beginning of February, the FCC started looking into Comcast for throttling competing VoiP traffic. So while not double dipping, they were allegedly giving their service a competitive advantage.

    39. Re:And then... by commodore64_love · · Score: 1

      WHY was I modded redudant and given a (0)? I only posted my message once. And it was MY original thought; I didn't copy it from another slashdotter.

      Jeez.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    40. Re:And then... by magamiako1 · · Score: 0

      Your right to freedom of speech has long been taken away, long before "governments" ever got involved.

      Your right of freedom to absorb whichever information you or your family chooses has long been taken away, long before governments got involved.

      Did you know the movie rating system has 0 government intervention? Furthermore, it's completely "voluntary" on the part of movie companies whether or not they want their movie rated. I placed voluntary in quotes because there's the catch all that movie theaters don't actually play unrated movies.

      Your right to allow yourself or your child to certain information (whether it be a movie, a video game, or book) is nearly completely taken away from you by people that have nothing to do with the government.

      In fact, the only reason they're allowed to do this is because it has not been tested by law (that I know of).

      Now, you could argue that you can wait for more available copies to be produced, such as home video content, or a streaming version--but then there's this huge change in what it means for teenagers to be social.

      No, I'm not a child. I do have one, however. And she's going to be getting older and these are issues I'm surely going to have to deal with.

      Also of note: Most movie theaters do not give you as a parent the option of providing a "pass" for your child to attend a movie. But they have tons of systems in place to prevent them from doing so.

    41. Re:And then... by JayAitch · · Score: 1

      Comcast could just as easily buy Suburban Cable next week. Not sure if yours is the same Suburban cable, but our Suburban Cable was bought out by Comcast in the 90's. This type of industry gravitates towards monopoly if you let it. It's the nature of the ISP business.

      So what is easier for the Fed, pass laws protecting Net Neutrality or investigate and litigate every acquisition a large ISP makes in the future.

    42. Re:And then... by commodore64_love · · Score: 0, Offtopic

      I hate Democrats. They CENSOR what they don't want to hear, by modding posters into oblivion (0) or (-1).

      This are NOT the party of Thomas Jefferson - he would have never, never approved of censorship. Never.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    43. Re:And then... by Polumna · · Score: 0, Offtopic

      First, I was making a semantic argument. Whether or not you 'want any part of it,' Obama's job is change according to his platform, because he was elected to do it, just as it was Bush's job was to remain in Iraq for our national security as he was elected to do in 2004. I am merely arguing that regardless of your agreement with the majority of the population at the time, it is ludicrous to declare that it's not the president's job to uphold campaign promises.

      Second, if I might respond to your opinion. The Fairness Doctrine (and the Equal Time rule, which I believe is at least as important) does not tell citizens what they can and can't say. They tell the few citizens who have been granted the privilege of using public airwaves that they cannot use that privilege to push an agenda. Freedom of speech, does not grant the right to be heard by multitudes using public resources, nor does freedom of the press. An honest question, though it will surely sound loaded: do you believe that Rupert Murdoch has the right to MORE freedom of speech than I do, simply because he can afford the antennas? (It really is an honest question. I am interested in and respect your opinion regardless of my agreement.)

    44. Re:And then... by FireStormZ · · Score: 5, Insightful

      "The president's job is to do what he was elected to do"

      Ummm no, the presidents Job is clearly defined in the constitution, modified by laws from congress and vetted by the supreme court. If the presidents job is to 'do what he was elected to do' than all this complaining about Buh is off mark, after all he was only doing what voters put him in office to do. The idea that because President Obama got 5.4 out of 10 people to vote for him he has cart blanch to make 'change' is disturbing. He is just a man and the constitution is bigger than him.

      --
      "Ahh! Arrogance and stupidity in the same package, how efficient of you!" --Londo Molari
    45. Re:And then... by dkleinsc · · Score: 2, Interesting

      There's no reason why every urban home can't have access to Comcast, Cox, Time-Warner, et cetera and simply choose which provider they like best.

      Yes there is: why lay 2 sets of fiber when you can have only 1? Communications is a natural monopoly, in that really the cheapest possible phone service (in terms of real costs, not price charged to consumers) is a single phone company.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    46. Re:And then... by Anonymous Coward · · Score: 0

      My problem with regulation is that the regulators can ignore facts and listen to emotion or the whim of the masses. If their policies fail, they're not held accountable. If a company's policies fail, they are (unless of course the government decides to intervene there too).

      I will admit, fostering more competition in this market is extremely difficult, because the largest corporations have such a head start with infrastructure. However, I'm sure there must be a better solution than additional government involvement. The problem is that Google and ComCast find it easier to lobby for their perspective side, than to ensure it by other means. eg. Google laying the infrastructure or ComCast providing better content.

    47. Re:And then... by Polumna · · Score: 5, Interesting

      Regardless of what ANY presidential candidate campaigns on, he IS restricted to the Constitutionally delineated duties and privileges of the Presidency.

      I just KNEW someone was going to call me out on that... If and when Obama, or any president, were to do something unconstitutional, I can guarantee to you that I will either be calling for their impeachment or arguing for an amendment to the Constitution. That's the beauty of the living document, after all.

      Which means that making fundamental change in our society (such as altering the economy and political system from a Capitalistic Representative Republic to a Socialistic Single Party System.) is literally prohibited from even attempting. Not that "The One" won't try it. The "stimulus" package is one such totally unconstitutional example.

      Also, reading the Constitution right here, I note that it has these mechanisms for change built right into it. On the other hand, I don't see anything referring to how many parties there should be, or one single reference to capitalism being the One True American Way. I also don't see any way to hold the President responsible for said fundamental changes, when any change he makes has to be at least approved, if not written, by the Congress. (And at least the way I read Article 1, Section 8, Congress can go as socialistic as the people want it to... good old "general Welfare") I can see disagreeing with the stimulus package. I am very curious to know which elements of it you see conflicting with what words in the Constitution?

      For the sake of continuing the argument, I'll pick an obviously unconstitutional act: the suspension of Habeas Corpus. It's right there, Article 1 Section 9. Only in cases of rebellion or invasion. (You'll have to join me in the reasonable assumption that the Founders didn't mean "when we invade another country.") I do not blame Bush for this. I blame him for ratifying it. I blame every single person in Congress who voted to make it possible. I assume from your position, you would have to agree?

    48. Re:And then... by theaceoffire · · Score: 5, Insightful

      If Obama follows the Constitution, that would be the biggest change seen in many years.

      --
      I steal signatures. This one used to be yours.
    49. Re:And then... by commodore64_love · · Score: 0

      >>>why lay 2 sets of fiber when you can have only 1?

      Why have 10 different car companies when you can have just 1? Why have 3 operating systems instead of just 1 - Windows? Why have 50 different electronics manufacturers instead of just 1? ..... Answer:

      To eliminate monopoly and be pro-choice. To give power to the People to choose for themselves. Same applies to cable.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    50. Re:And then... by Speck'sBacon · · Score: 1

      Texas and California deregulated power and now Texas and California have VERY high energy rates!

      You can't get a nuclear power plant built in California, and that's "deregulated?" California may have deregulated some areas to increase competition in the utilities sector, but the glut of environmental regulations is making it nigh impossible to supply the state's electrical needs. It's the law of supply and demand.

    51. Re:And then... by DMalic · · Score: 1, Informative

      I'm not sure I like the way you're phrasing your argument. You're not asking for the right to freedom of speech as historically considered, but rather the freedom to be heard. I don't believe that you, or anyone, should have that right. Rupert Murdoch does not need a clearly defined right in order to deserve the full use of the airwaves which he paid for. If you believe that the airwaves are being auctioned improperly, well, that's a different matter. Even so, I don't believe the government should be deciding the distributionof the airwaves based on political opinion.

    52. Re:And then... by Anonymous Coward · · Score: 0

      The "splitting" didn't really work for the phone companies either. Not 20 years later "Ma Bell" is almost back together again, having gobbled up all of the smaller phone providers.

      It worked very well for long distance which was the goal. I get free nation wide long distance with on my very cheap cell phone plan, something that never would have happened with AT&T whole. Hell, they probably would have drastically slow nationwide internet to maintain control over interstate communications. They had a serious stranglehold on everyone. Breaking up Ma Bell was never a plan for local competition and just because those idiotic anti-government folks let it recombine doesn't mean it was a bad idea.

    53. Re:And then... by ccarson · · Score: 1, Informative

      >> ...it is ludicrous to declare that it's not the president's job to uphold campaign promises.

      I never said anything about Obama upholding his campaign promises. I said what he's doing goes against the first amendment freedom of speech. It's wrong for the government to try and silence anyone. Period. End of story. The free flow of information is the most important thing ever. When we start regulating what people can and can't say, we limit ideas and that can lead to wrong choices in policy, experimentation and happiness.

      >> An honest question, though it will surely sound loaded: do you believe that Rupert Murdoch has the right to MORE freedom of speech than I do, simply because he can afford the antennas?

      I believe the free markets have a way of balancing out ideas. Let's take your scenario for Rupert Murdoch. If Rubert Murdoch bought an antenna and espoused that white poodles are vicious animals that should all be locked up in a cage, there will be those that disagree because obviously white poodles are nice dogs. Eventually, people will be turned off by this agenda and look elsewhere for more accurate opinions of white poodles.

      Now let's flip the scenario. Let's say Rupert Murdoch espoused that crocodiles are vicious creatures that shouldn't be kept as pets for fear they may turn on their owners. This makes sense. If the government intruded on Rupert's message and required equal time on for someone to say that crocodiles are harmless, lovable creatures that every household should own, we'd have a mixed message of the truth.

      In one scenario, the listener can make up their mind, back the appropriate broadcaster thus elevating the truth whether it be continuing to listen to Murdoch or listening to a competitor. The listener has a choice and that choice will set the truth free. However, when the government intervenes, what we have is a sustained disruption of truth. No matter where a listener goes, he/she will receive false information. We should advocate preserving freedom of speech. The government shouldn't be in the business of determining what's truth and lies. The people are much better at this. Eventually, the truth always prevails without government intervention. Our founding fathers knew this and that's the reason they founded the first amendment. Please don't let the government censor information.

    54. Re:And then... by commodore64_love · · Score: 2, Interesting

      The movie rating system does NOT have "zero" government intervention. It is the result of government saying, "Either you regulate yourself, or we will do it for you." That happened in the 1930s, again in the 1960s, and again in the 1990s with games - you can blame government interference. Without people like Bob Dole & Joe Lieberman standing-up in Congress and demanding ratings, those TV-14, Rated M, and PG labels would probably never exist.

      >>>On the contrary, regulation is what keeps capitalism from destroying itself. Crises at the turn of the twentieth century and now, at the turn of the twenty-first, have confirmed this.
      >

      Regulation is what CREATED this crisis. The government used regulation (i.e. constantly lowering interest rates) to create a humongous bubble. If government had not done that, the housing/credit bubble would have burst back in 2000-1, and it would have been painful, but it would have only been a minor flooding not a tidal wave (in terms of impact).

      The government makes the exact same mistake with forest management and rivers. They stop small fires, which would naturally burn-off excess brush, and it builds and builds and builds until there's a firestorm that literally turns the ground into glass. And nothing can grow there. Same with rivers. Damming blocks the river from flooding, which releases energy, so instead you have a river that roars through the levees at unbelievable speeds until finally it bursts with a tremendous force.

      We need to stop acting like we can control things.
      We need to let nature takes it course & release energy in small amounts,
      else it will release the energy in one huge burst of destruction.

      Yes this applies to markets, because they too follow natural rhythms. What would have been a minor recession in 2000-1 is now turning into a depression, because the government propped-up failing businesses with artificially-low rates. And now they are making the some foolish mistake with bailouts and stimulus money. Propping-up bad businesses. Enough is enough. Let those businesses die, so we can clear their carcasses out of the way, and get back to rebuilding.

      Regulation is not the answer.
      Regulation is the cause.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    55. Re:And then... by morgauo · · Score: 1

      That is correct, there is plenty of room under the streets. Still, I'm not convinced it could work that way.

      Most of a cable/fiber/twisted pair run is going to be shared between multiple homes. (I don't care what the DSL salesman says, they are not running individual lines all the way from an internet backbone to your house) With a monopoly the cost of this shared part of the line can be paid for with the combined profit from each home that uses it. If the homes were split up among more competing companies than each company would have fewer homes per shared part of the line with which they would have to make enough profit to pay for maintenance and upgrade. I suspect that prices would actually be higher than now, even with the competition. Of course, I don't have the numbers to test this theory.

      Also, as for the under the streets thing... There are probably tunnels which can be used in most big cities but for the rest of the world moving all the cables under the streets would mean a ton of construction delays and expense. Running that many wires on poles above ground would probably get pretty ugly and while I suspect most of us "here" on Slashdot wouldn't mind if it meant faster, cheaper broadband I suspect the majority has a different set of priorities than us.

    56. Re:And then... by DMalic · · Score: 1

      Many malls around the nation ban unattended youths at certain times of the day. I'd imagine that this would have been challenged if illegitimate.

    57. Re:And then... by Anonymous Coward · · Score: 0

      That's 5.4 out of 10 American voters. According to an "I'm feeling lucky" search, website voter turnout was 56.8%. That's 5.4 votes out of 15.68 or 34.4% of potential voters.

    58. Re:And then... by dkleinsc · · Score: 3, Informative

      Not all markets are the same, that's why they behave differently.

      The optimum production level of a car company or electronics manufacturer doesn't satisfy the demand for cars or electronics, for instance.

      In the case of operating systems, you have what is officially called monopolistic competition, where the differences between the 3 OSes are far more than just price.

      Competitive markets aren't competitive because we want to eliminate monopolies, in most cases. They're competitive because the markets they're in don't lend themselves to being monopolies. For instance, in the North End of Boston there are about 20 Italian restaurants in a 4-block area. If it were profitable to do so, they would buy each other out. It's not, so they don't, and you end up with a competitive market.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    59. Re:And then... by commodore64_love · · Score: 1

      By your reasoning Verizon and Comcast should merge, rather than have separate phoneline and TV lines, because it's cheaper. However I argue it's actually more expensive, because you take away (1) freedom of choice (2) power of the people to run their own lives (see 1) and (3) create a monopoly which is inherently non-innovative, controlling, and tends to overprice.

      Competition, even if you have to run 4 separate networks for Verizon, Comcast, Cox, Time-Warner is cheaper in terms of price, more innovative as they each try to beat one another by providing better service, and most importantly, hands control to the consumer to make his own choices.

      That's why we don't have just 1 car company, or just 1 operating system, or just 1 store for each town. We want multiple options, each compaeting one another, not monopolies.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    60. Re:And then... by fl!ptop · · Score: 4, Insightful

      who is going to pay for those DSL upgrades?

      from the FCC's website:

      Because telephones provide a vital link to emergency services, to government services and to surrounding communities, it has been our nation's policy to promote telephone service to all households since this service began in the 1930s. The USF helps to make phone service affordable and available to all Americans, including consumers with low incomes, those living in areas where the costs of providing telephone service is high, schools and libraries and rural health care providers. Congress has mandated that all telephone companies providing interstate service must contribute to the USF. Although not required to do so by the government, many carriers choose to pass their contribution costs on to their customers in the form of a line item, often called the "Federal Universal Service Fee" or "Universal Connectivity Fee."

      could high-speed internet access someday be interpreted to be a "vital link...to government services?" maybe.

      there are options for us rural dwellers. there's satellite, which is somewhat expensive and not very fast. there's also the cellular network. an aircard in combination with a wireless router works well, if you can get a signal at your house. some companies offer wireless broadband over the 5.8 spectrum, but you more-or-less need line-of-site to the tower for that. another possibility is broadband-over-powerlines, but i think they suffer from the same fate as dsl, requiring the user be within a certain distance of their "box."

      any way you slice it, rural customers will be out of luck for some time to come.

      --
      When you recognize love in another and realize how precious it is, everything else seems so insignificant.
    61. Re:And then... by commodore64_love · · Score: 1

      >>>as for the under the streets thing... There are probably tunnels which can be used in most big cities but...

      I did use the word "urban" in my original post. "There's no reason why every URBAN home can't have access to Comcast, Cox, Time-Warner, et cetera and simply choose which provider they like best." Those in non-urban areas that use wires-on-poles won't be able to have choice. Not at this time anyway. Maybe later in the century.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    62. Re:And then... by Anonymous Coward · · Score: 0

      When a phone company says, "We don't offer DSL", if you are not located within 3-5 miles of one of their switching stations. When you say "upgrading existing phonelines" is the answer you make it sound like the internal residential wiring needs to be updated, or at the pole in the street. Providing a switching station within 3-5 miles of every rural home in the country is not going to be cheap.

    63. Re:And then... by Anonymous Coward · · Score: 0

      Credit default swaps work exactly like insurance, but avoided being regulated as insurance. While technically using a loophole to avoid regulation isn't the same as deregulation, a lack of regulation of hedge funds and credit default swaps is responsible for the industry sweeping size of this mess.

    64. Re:And then... by morgauo · · Score: 1

      Ok, how urban is urban then? Urban enough to have an extensive tunnel system already in place doesn't really include that many cities. How relevant is that?

    65. Re:And then... by stim · · Score: 1

      Youtube takes up a vast majority of the internet's available bandwidth and ISPs are complaining about that.

      I lol'd

      --
      Browse at -1 to keep an eye out for abuses.
    66. Re:And then... by Anonymous Coward · · Score: 2, Insightful

      I wish I had mod points. Thank you for being a voice of reason among a throng of boisterous idiots.

      For those people who disagree, I'd like you to do a few things for me.

      • Explain how the FCC, an executive agency, is the same as Congress ("Congress shall make no law... abridging the freedom of speech")
      • Explain how "the freedom of speech" is the same as "the freedom of speech in any medium you want, even one that isn't owned by you"
      • Show me where the Constitution mandates a pure market economy

      Thank you.

    67. Re:And then... by that+IT+girl · · Score: 1

      I agree with this in principle. However, this is a unique subject. Net neutrality is so important TO the idea of a competitive market that it needs to be protected.

      Normally I tend to lean towards smaller government and less regulation, but this is a biggie.

      --
      10 FILL MUG WITH COFFEE
      20 DRINK COFFEE
      30 GOTO 10
    68. Re:And then... by brian0918 · · Score: 1

      Ahh yes, the "deregulation" that resulted in the existing financial market - the most highly regulated market in America. You're a dolt to believe that we had capitalism at any time in recent history.

    69. Re:And then... by Fallen+Seraph · · Score: 4, Insightful

      Spoken like a man who has absolutely no idea how our nation's network infrastructure works.

      Ever heard of the "last mile"? The reason many areas in the US have broadband providers holding local monopolies is because running cable to homes is one of the most expensive undertakings you can make. To say that other providers should run cable to homes to compete for a market would be to say "They should spend millions on construction and infrastructure for a slim chance at succeeding in the local market." It's just not cost effective, and it's difficult to justify to investors. Additionally, in many areas there just isn't sufficient interest to warrant this investment because the local population doesn't see the appeal of broadband, even just for upgrading phone lines for DSL.

      In my area we have both Fios and Cable broadband, but one of my coworkers, who lives in Queens in NYC, doesn't have any broadband access, because he lives on the other side of a highway, and neither the cable company nor the phone company are willing to run wires a block for him and his neighbors, despite very vocal arguments. But you wanna tell me they'd be willing to spring for thousands of square miles for a population that's still primarily indifferent to the technology? I doubt it.

      It's unfortunate, but broadband is very much an "if you build it they will come" technology, where the consumer often doesn't see the benefit of it until they've actually used it. This makes for a very precarious investment for communications companies, and is one of the biggest obstacles to improving our infrastructure.

    70. Re:And then... by swillden · · Score: 3, Insightful

      If Obama follows the Constitution, that would be the biggest change seen in many years.

      I don't think we need to have any fears on that score.

      Obama has no interest in following the Constitution.

      --
      Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
    71. Re:And then... by Workaphobia · · Score: 1

      Heh, it's like he just woke up from the 1790s.

      --
      Evidently, the key to understanding recursion is to begin by understanding recursion. The rest is easy.
    72. Re:And then... by Workaphobia · · Score: 1

      Ug. The real tragedy is that you still consider DSL to be adequate as a basic service for the nation.

      --
      Evidently, the key to understanding recursion is to begin by understanding recursion. The rest is easy.
    73. Re:And then... by Cerberus7 · · Score: 2, Insightful

      The key word you need to remember is "infrastructure." Fiber-optic lines, power lines, roads, sewer systems, railways; these are all infrastructure. It makes as much sense to run multiple sets of power lines owned by multiple companies supplying power from multiple power plants as it does to have multiple roads maintained by multiple companies running in parallel. Infrastructure lends itself naturally to a monopoly, and the only way to control such monopolies from getting out of control is by careful government oversight.

      Cars are not infrastructure. Operating systems are not infrastructure. Electronics devices are not infrastructure.

      --
      I don't know about you, but my servers run on the power of cotton candy and happy thoughts. -Anonymous Coward
    74. Re:And then... by LandDolphin · · Score: 3, Insightful

      The Federal Government stopped following the Consitution some time around 1861

      --
      Spelling and Grammar errors have been added to this post for your enjoyment
    75. Re:And then... by morgauo · · Score: 1

      By my reasoning... absolute competition opened up for all possible companies would probably be too much because their resources would be spread to thin to provide the same level of service to each customer without raising the price.

      I agree that an absolute monopoly with no competition at all would charge as much as the population could give and have little to no motivation to innovate. Currently we get some competition by having separate companies available for each different form of connectivity. I'm not convinced this is the ideal way to do it but I'll come back to that.

      Now, looking at your examples of competition in other industries, I find your first one very interesting. No, we do not have only 1 car company. However, we really don't have that many. Much like with broadband it takes a large infrastructure to build a car. In the early to mid part of the 1900s there were hundereds of auto manufacturers just in the US alone. Most people could not own an automobile as they were much more expensive than now when adjusted for inflation. It was after the majority of them either merged or went out of business that the price of the car began to come down.

      As for operating systems or stores, these are bad comparisons. A single coder with an old computer and some spare time can build a basic operating system. A group of them in an online community can make that basic OS into something which can compete. Once it's written it may be copied virtually for free. There is no backbone to pay for like there is in telecom.

      Stores do have a backbone. It's the interstate highway system. It's already built and they don't have to pay for it any more than the rest of us do in our taxes.

      Now, about the current form of limited competition. I wrote that I was getting back to this. Currently it's more or less by wire type; coax = cable, twisted pair & fiber = telco. I don't actually see a point in having all of this. All three can carry internet and voice while two of them can carry tv. They are not however equal. Fiber carries more than coax, coax carries more than twisted pair. The telcos seem to get this as most of them progress in replacing their twisted pair with fiber. The cable companies seem to be living in the past as they just keep running more coax. Just look at the new Docsis standard, it uses four coax lines! It is faster than the current fiber offerings but that's only because the current fiber offerings do not completely take advantage of the bandwidth capability of a piece of fiber yet. They certainly can turn up the speed and beat these new four-line cable modems with just one line of fiber! On top of that, given the average failure rate of a single line of coax, shouldn't 4 be 4 times as bad? What a waste!

      I don't see the point of having anything but the fiber, except as a way to preserve the current form of limitted competition. I do agree with you that a monopoly of one telecom company would be horrible for consumers. I don't think that having them all in the same area would work as the profit / backbone cost ratio would be too low. Competition might eliminate enough companies to make it work but if it meant they had to operate with the lowest amount of profit then development could stall. How many people are going to pay more to company A which is working on tomorrows network (which isn't ready yet) when they can get the same current service from company B that isn't bothering to upgrade anything? I don't know if an agreement could be made politically to limit the number of companies while still allowing more than one in an area other than the current 1-per "wire-type" arrangement.

    76. Re:And then... by commodore64_love · · Score: 0

      Well if Cable TV is a "natural monopoly" why was it necessary for local government to forbid other companies from adding their own CATV networks? From where I'm sitting, if the government removed that prohibition, other corporations would flock-in and setup their own parallel network of CATV lines. Then you'd have Comcast, Cox, and Time-Warner, all available to every urban home.

      >>>Competitive markets aren't competitive because we want to eliminate monopolies, in most cases.

      Oh. I guess Theodore Roosevelt pressured Congress to pass Antitrust/Antimonopoly Laws just for fun, huh? He wasn't trying to eliminate monopolies. Nah. /end sarcasm

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    77. Re:And then... by commodore64_love · · Score: 1

      I don't know.

      All I can say is that, anecdotally, I've never visited a city that had overhead lines. And I've visited cities in every state in the U.S. - Baltimore, D.C., New York, Philadelphia, Seattle, Salt Lake, St. Louis, Detroit, L.A., Phoenix, Oklahoma City, Charlotte - they all had their wires buried underground.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    78. Re:And then... by N1ck0 · · Score: 2, Interesting

      Actually they may not be able to... I believe the 96 TeleCommunication Act 30 percent limit still exists. Basically it states that no cable media provider can own more then 30 percent of the cable market. Thus Comcast, TimeWarner, RCN etc routinely trade eachother's territories, or pick and choose which ones will give the most profit.

    79. Re:And then... by ubrgeek · · Score: 1

      Why the hell is this post marked troll? They're valid points and ones I've seen in plenty of other posts on other subjects. Granted, while I think d3ac0n isn't someone I'd have a beer with and I disagree with what he's saying, this post doesn't qualify as a troll.

      --
      Bark less. Wag more.
    80. Re:And then... by Tubal-Cain · · Score: 1

      The government used regulation (i.e. constantly lowering interest rates) to create a humongous bubble.

      Don't interest rates fall under the purview of the Federal Reserve? (a non-government entity)

    81. Re:And then... by morgauo · · Score: 1

      It's one thing to have your lines burried underground. It's another thing to have them in tunnels where new lines may be run without having to tear up the road and disrupt traffic.

    82. Re:And then... by commodore64_love · · Score: 0, Redundant

      >>>The reason many areas in the US have broadband providers holding local monopolies is because running cable to homes is one of the most expensive undertakings you can make.

      Bzzz. The reason most areas have monopolies is because the *government* GAVE them monopolies, and forbade any other company to enter the market. If that prohibition was lifted, other companies would be happy to move-in and start running networks in parallel.

      But folks like Comcast carefully grease the pockets of Senators like Specter, to make sure the prohibition stays in place. It's a bought-and-paid-for monopoly via government, not a natural monopoly. Remove the prohibition, and competition would happen.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    83. Re:And then... by NeutronCowboy · · Score: 1

      Or.... could it be? Nah, never. It is mathematically impossible that you're just an incoherent troll who has no clue about cause and effect, and merely looks for what he wants to see.

      --
      Those who can, do. Those who can't, sue.
    84. Re:And then... by commodore64_love · · Score: 1

      >>>The real tragedy is that you still consider DSL to be adequate as a basic service for the nation.

      I have 1 Mbit/s DSL and it works just fine. I can access any website I desire, including watching SDTV on the net, or downloading HDTV for later viewing. The real tragedy is that you are so spoiled you think it's impossible to live with less - like my 5 year old who thinks he needs a $600 console with all the accessories, instead of the $100 PS2.

      The keyword you used is "adequate". Heck I think 56k dialup is adequate and often use it when traveling, but I'd still like to see everyone upgraded to DSL, which would than be "better-than-adequate" in my book.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    85. Re:And then... by canuck08 · · Score: 0

      Damn right.

      I want a neutral net.
      We don't need regulation to have it.

      What we need is to break the retail Internet service monopolies.

      All we need to do is build a fiber-optic last-mile network as public infrastructure and all of a sudden you will have 50+ Internet service providers to choose from instead of 1 or 2.

      Where there IS competition (at datacentres and public Internet exchanges like TORIX) there is no such thing as a 'bandwidth crunch' or 'traffic management' BS.
      You can buy whatever amount of bandwidth you want and you get what you pay for. No BS.

    86. Re:And then... by Polumna · · Score: 1

      >> ...it is ludicrous to declare that it's not the president's job to uphold campaign promises.

      I never said anything about Obama upholding his campaign promises. I said what he's doing goes against the first amendment freedom of speech.

      Forgive my miscommunication. The post I was originally replying to made that implication. I was attempting to clarify that that's what I was saying to the original poster, not you.

      For the record, I agree with you as it pertains to cable television. In that, Rupert Murdoch may not have been the best example. He's just an easy and divisive name to put on the face of the real discussion. For the purposes of broadcast media, I think we can agree to disagree, though I hate that phrase. I believe that a free market in broadcast media, as we have it now, is more prone to stifling the free market in all other venues.

      To take your examples of poodles and crocodiles. In the news (and other) media, Dobermans get a very bum rap. They're junkyard dogs on TV, and in cases of the news, if you hear about a dog attack, you know it's only newsworthy because the dog was one of four, maybe five breeds. The truth is, Dobermans are among the sweeter dogs. (Whereas I'm yet to meet a miniature or toy poodle who wasn't the very epitome of the definition of "bitch" in its colloquial usage, but I digress.) Nevertheless, in many municipalities, you can't walk a Doberman without a muzzle. There are some where they're downright illegal. This means fewer Dobermans in the dog market, suppressed demand, and it means, directly, less freedom for their owners. (This could actually be extended to pygmy crocodiles, even, which can be fine pets. :) )

      The real point of my argument is that the truth does not inherently come out in a free market. It should. I really wish it did. You have no idea how much... but the simple fact of the matter is that some lies, some misinformation and some unfounded beliefs are just plain popular, and it can be a problem.

      Also, I know you only brought up the Fairness Doctrine, but I'm curious about how you feel about the defunct Equal Time rule. I know it still has problems like what do you do with third party candidates, or when there are a billion people running for nomination, but on its face... just equal time exclusively to political candidates people are expected to make educated choices between... do you believe this is still a market issue?

    87. Re:And then... by N1ck0 · · Score: 3, Informative

      One of the real problems is local municipalities. Many of them have signed exclusive contracts for Cable TV services. For example in many Chicago suburbs Comcast has exclusive 'media services' access to the cabling right of way, in exchange comcast has to be able to service all residents within the municipality (in many towns without these agreements they only wire the middle and upper class areas).

      This actually caused a bit problem when AT&T wanted to lay fiber for TV, internet, and phone. Comcast argued that AT&T was encroaching on their 'media rights'

    88. Re:And then... by 99BottlesOfBeerInMyF · · Score: 1

      In the case of operating systems, you have what is officially called monopolistic competition, where the differences between the 3 OSes are far more than just price.

      The main consumers of desktop OS's are OEMs looking to use them as a component pre-installed in computer systems they sell. Apple doesn't sell to that market at all. Realistically, you just have MS with a percent or so going to Linux.

      The market also does not fit well with your definitions because there is a significant barrier to entry for the desktop OS market, that being interoperability and application markets compatibility.

    89. Re:And then... by commodore64_love · · Score: 1

      I think the USF is the logical way to fund installation of DSLAMs on any phone line where the Rural customer requests it. They key is that if the customer does not request DSL, then the company can save a little bit of money.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    90. Re:And then... by DrLang21 · · Score: 1

      Which means that making fundamental change in our society (such as altering the economy and political system from a Capitalistic Representative Republic to a Socialistic Single Party System.) is literally prohibited from even attempting.

      Now I'm all for a capitalistic multi-party society, but where in the US Constitution is an economic system and political party organization defined? Using your reasoning, considering that there were no political parties in the first years of the US Republic, one might surmise that a NO party system is the only system acceptable by the US Constitution.

      --
      I see the glass as full with a FoS of 2.
    91. Re:And then... by Tubal-Cain · · Score: 1
      One of the criterion listed is:

      # There are few barriers to entry and exit.

      Unless we accept DOS-level software as a modern OS, I don't think the cost of entry is very trivial. Then there are other obstacles like MS's marketshare making it unlikely that your platform gets third-party apps. Mac has a respectable chunk of marketshare now, and Linux has been slowly gaining ground over the past 15 years, but projects like RISC OS and Haiku would have died ages ago if they were commercial endeavors.

    92. Re:And then... by Anonymous Coward · · Score: 0

      The banks' mistake was using flawed risk assessment methods.
      But that mistake only became a catastrophic financial crisis because deregulation allowed them to get in so far over their heads.

    93. Re:And then... by DrLang21 · · Score: 1

      Yes, except that the Federal Reserve IS a government entity with some influence from the private sector.

      --
      I see the glass as full with a FoS of 2.
    94. Re:And then... by Anonymous Coward · · Score: 0

      But you copied essentially the same argument from other posts that you've made earlier. Try to be more original.

    95. Re:And then... by Anonymous Coward · · Score: 0

      It is a troll because the Obama administration doesn't support a return to the Fairness Doctrine.

    96. Re:And then... by mattwarden · · Score: 1

      > Do you live under a rock, or have you not noticed an economic depression
      > lately that is caused by total lack of regulation?

      Are you suggesting that the financial markets are/were totally unregulated?

    97. Re:And then... by Belial6 · · Score: 1

      Communications are not a natural monopoly. The fact that the governments have banned competition does NOT mean that it is a natural monopoly. In fact it means exactly the opposite. Saying that we should have only 1 cable to our house because it is cheaper to build makes no more sense than saying we should have the government only allow one grocery store in town because it is cheaper to build. And if they did, it wouldn't make grocery stores a natural monopoly anymore than communications are.

    98. Re:And then... by mattwarden · · Score: 1

      This is a genuine question: how does net neutrality encourage competition?

    99. Re:And then... by mattwarden · · Score: 1

      Why is Internet like electricity rather than television? All you did was assert that Internet should be a utility. You didn't explain why.

    100. Re:And then... by mattwarden · · Score: 1

      > What I would prefer, is if the Pipes were open pipes. The Recovery package
      > should have included money to buy up all of the laid fiber/cable and open
      > it up to competition.

      Great call. If there's one group of people who need a hand in this economic downturn, it's the ISP execs.

    101. Re:And then... by commodore64_love · · Score: 1

      >>>But you copied essentially the same argument from other posts that you've made earlier. Try to be more original.

      No, because I was one of the first 10 posters on this thread. I didn't copy anybody else Anon Coward.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    102. Re:And then... by erroneus · · Score: 1

      Access to the internet is a utility just as the phone service is a utility. They are extremely similar in all respects. It is clearly not like television. I didn't say internet was like electricity... or water for that matter. Electricity, gas, water, phone and internet are utilities, however.

      The internet should be considered a utility primarily because it provides access to a global communications network just as the phone service utility does. Furthermore, the usage of the internet is ubiquitous enough to have reached that critical mass where it is used for all sorts of purposes ranging from recreational to critical in importance. For many businesses and individuals, it is a requirement without which tragic failure would likely result. It has grown from an interesting toy to a nice option to a utility that is heavily depended upon by both private and public entities. If that doesn't define a utility, I can't imagine a better one.

    103. Re:And then... by Curunir_wolf · · Score: 2, Insightful

      I'm afraid you're actually quite wrong, there. The president's job is to do what he was elected to do. Given that the president's entire campaign was based around the word 'change,' you might want to consider that the majority of voters apparently agreed. Therefore it could easily be argued that Obama's job, literally, IS to change that which America has become. Sorry, I guess I'm just blind.

      No. Read the Constitution. The president's job is spelled out right there. He's not allowed to go beyond the responsibilities and authorities that have been granted to him. It doesn't matter what he said during the campaign. America is a Republic, not a democracy. Voters aren't allowed to trample individual, inherent rights of the people, no matter how many of them vote to do so.

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    104. Re:And then... by Endo13 · · Score: 3, Insightful

      By your reasoning Verizon and Comcast should merge, rather than have separate phoneline and TV lines, because it's cheaper. However I argue it's actually more expensive, because you take away (1) freedom of choice (2) power of the people to run their own lives (see 1) and (3) create a monopoly which is inherently non-innovative, controlling, and tends to overprice.

      No, not if you fully follow his reasoning. The key factor here is that Verizon and Comcast are from two very different sectors of the communications industry. It's only in the last 5-10 years that they're started overlapping significantly, and they both had huge infrastructure in place before that. It's not profitable for them to merge, because while they offer similar services, they use significantly different technology to do so. Comcast's infrastructure is not at all beneficial to Verizon, and Verizon's is equally useless to Comcast. However, it's profitable for a large DSL company like Verizon to buy up smaller DSL companies, because they're now buying additional useful infrastructure in a market with some proven customers, instead of throwing their money out on the line without knowing if there will be sufficient customers there or not.

      There's a lot more that could be said here, but most of it has already been said or at least implied. However, it seems you're ignoring it. So I'll just reiterate the most important point: communications cannot be compared with any other industry (when talking about competition) because the barrier of entry is out of necessity prohibitively expensive. Consider: right now, your options for creating long-distance communications include cables, satellites, or wireless towers. Cables means acquiring permits to install it in all kinds of places, permits to dig up roads and all kinds of other things, not to mention the cost of miles of expensive cable, the cost of all the equipment to install it, the time and cost of the installation, etc. Satellites... well, we already know that's not cheap. Wireless towers are easily the cheapest route, but the tech just isn't there yet for high-speed capacity that truly competes with DSL or Cable. And even when that tech is ready, you still have to either rent space on existing towers (hopefully they'll work with your tech), or buy or rent land to build your own.

      Building a car dealership or a restaurant or even an automobile factory is peanuts compared to building a communications system.

      --
      There is no -1 Disagree mod. Slashdot.org/faq defines mod options. USE IT.
    105. Re:And then... by innerweb · · Score: 1

      The constitution is merely a piece of paper, a contract of sorts. Anyone who has engaged in business with large companies or wealthy entities has most likely learned that the meaning and definitions of any such contract (if not the contract itself) are purchasable by the right dollar amount when the right people are the stewards. Bush and Co. sold it in spades, as have most elected individuals before him. I see no reason to expect Obama to deviate much from that policy. But, I would be happy to be surprised.

      InnerWeb

      --
      Freud might say that Intelligent Design is religion's ID.
    106. Re:And then... by Belial6 · · Score: 1

      Not really. I know that I personally haven't been to a single city that doesn't have tunnels of some kind. They might not be big enough for a man to climb through, but in my city alone we have the gas lines, sewer lines, and storm drains. A system the size of the sewer lines could handle dozens of competing lines. A system the size the storm drains could easily handle hundreds.

      Cities all over the country are well versed in how to run conduit to homes.

    107. Re:And then... by joocemann · · Score: 1

      I think the most 'competition friendly' medium for the internet to exist in would be one where no individual interest can control access either directly (comcast) or indirectly (sony); this is the basic idea of net neutrality. (examples explained below)

      There are at least two ways that the internet can be involved in competition. One being the user-purchased access to the internet. The other being competition between those companies that do business on the interent which may or may not be accessible (depending on the level of neutrality from the prior).

      Looking at these two concepts, to permit limitation/control in the first case (removing net neutrality) can directly impede the fair competition in the second case (internet business). Alternatively, the competition between businesses that operate on the internet does not directly impede competition between internet providers (first concept).

      I think it is quite canonical that preserving the foundation of neutral bias would serve to be more beneficial to competition in business overall. I will concede that, say, Sony might find greater benefit from product sales by doing business with Comcast to limit user access to alternative products; but that actually equates to anti-competition, as facilitated by agreements between the two companies.

    108. Re:And then... by theaveng · · Score: 1

      Don't be nitpicky. I'm sure he meant "buried undered [inside tunnels]". Very few cities just drop cables in the ground without any protection. They run them through tunnels or pipes, which have room for adding more cables in the future.

      --
      FOX NEWS.com should be BANNED from television and internet. Have the Congress take it over and give us Truespeak.
    109. Re:And then... by Jimmy_B · · Score: 1

      There's enough room under the streets, that we don't need monopolies.

      Every time a company needs to install, repair or upgrade wires, it means digging up streets, blocking traffic, tying up local police, and jackhammer noise. For these reasons, cities and towns only give permits to the smallest number of companies they can. In the past, this meant two companies: one for telephone, and one for television. If a third company wanted to offer internet access, they would never succeed in getting permits; thus, a government-mandated duopoly. Now, some companies rent out their wires, so that you can buy internet access from them under different brand names. This creates the illusion of choice, without the benefits of actual competition.

      Today, the same wires can provide TV, telephone, and internet access all at once, so there is no reason to have even two companies. Gradually, towns will go from having two companies with the permits necessary to provide internet access, to having only one. I want that company to be regulated in the same way that my water, sewer and electricity providers are.

    110. Re:And then... by Endo13 · · Score: 1

      Just one small nit-pick...

      I don't care what the DSL salesman says, they are not running individual lines all the way from an internet backbone to your house) With a monopoly the cost of this shared part of the line can be paid for with the combined profit from each home that uses it.

      You're right, you don't get an individual line to the backbone, but you do get an individual line from your house to the DSLAM. The DSLAM is what's expensive to set up (around $10,000 to $20,000 for residential I believe), and that's what you have to be within a certain distance of to get DSL.

      --
      There is no -1 Disagree mod. Slashdot.org/faq defines mod options. USE IT.
    111. Re:And then... by ThatsNotPudding · · Score: 1

      If Obama follows the Constitution, that would be the biggest change seen in many years.

      So that's why he voted to protect the telcos that illegaly wiretapped US citizens!

    112. Re:And then... by Curunir_wolf · · Score: 2, Informative

      I wish I had mod points. Thank you for being a voice of reason among a throng of boisterous idiots.

      For those people who disagree, I'd like you to do a few things for me.

      • Explain how the FCC, an executive agency, is the same as Congress ("Congress shall make no law... abridging the freedom of speech")

      If congress allows the FCC to regulate speech, then they have defacto created a law abridging the freedom of speech. They are actually forbidden to do that, too. Check out, for instance, Taylor v Smithkline Beecham Corp and Field v Clark for the case law that covers this.

      Explain how "the freedom of speech" is the same as "the freedom of speech in any medium you want, even one that isn't owned by you"

      Because if not, it's an abridgment. Also, you don't own the airwaves, either, so why would you have a right to equal time? How about this: what this really comes down to is *funding* for speech. It's not like Murdoch (or anybody else, other than maybe Soros) is digging into his own pocket to fund FCC licenses and broadcasting equipment.

      Without talk radio, AM radio stations would no longer exist. Leftist talk radio has been tried, but there wasn't enough listenership to fund it. So what you are asking for are speech subsidies, which seems, at the least, unbalanced.

      Show me where the Constitution mandates a pure market economy

      The Constitution doesn't madate any market forces, other than claiming the exclusive right to coin money to the United States, which is the point. It limits the authority of government and guarantees individual freedom, ensuring that power is vested in the people, not the government. It also allows the Federal government to regulate interstate commerce (commerce between the states, which implies some form of open market).

      It also includes the phrase: "The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.", which basically disallows the United States to mandate any kind of market, leaving it to the states and the people to decide for themselves.

      Thank you.

      You're Welcome

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    113. Re:And then... by The+Master+Control+P · · Score: 1

      You know what happened when we had NO regulation in the late 1800s?

      We went through inflationary booms and deflationary crashes about every ten years. Corporate excess, greed, and misbehavior spiraled so far out of control that a large number of people decided that socialism/communism were a preferable alternative.

      It is a proven fact that banks and industry are incapable of regulating themselves in a manner that society deems acceptable (see late 1800s) which is why we have external government regulation.

    114. Re:And then... by Anonymous Coward · · Score: 0

      Do you know anything about DSL service? Upgrade the phone lines and DSL may well not work. It uses old copper phone lines, not newer fiber lines. The reason why everyone can't get it is because the DSL signal degrades as it goes farther out from the phone company's central office.

      If you want everyone to get DSL, the phone companies need to build more central offices so that everyone is within 10,000 feet of one. In some areas that may not be an option due to lack of available land, since central offices need a piece of land to build a building on.

      Now considering how hard it is to even get phone service to rural customers, DSL is really not a good option. In fact with how many people are moving away from land lines and the fact that DSL works off land lines (though it can be made to work without a landline, it is more cost effective to get one with the DSL), it will become dated quickly, plus the fact that it only works with certain types of phone lines means that it is probably the worst type of technology to have available to all, because of how picky it is. Put quite simply, you'd be hindering advancement. Getting availability to fiber or cable would be better overall.

      So yes, I don't think DSL is the technology that should be made available to all homes in the US, and if I actually had a choice between cable and DSL,

      Oh, and don't forget that customers will actually pay more for their DSL because phone companies have to charge more in taxes than cable companies do, even if the cable company is providing phone service. Until cable companies are subject to the same mandates as phone companies are by the FCC, cable is going to be the better option for the vast majority of the US. I don't even see why anyone would choose DSL over cable unless their only cable company is Cox or Comcast (though Verizon and AT&T are pretty bad also).

    115. Re:And then... by Qzukk · · Score: 1

      Splitting it up or letting it recombine changes jack shit, really, except for the massive amounts of money changing hands when SBC bought the AT&T name and the other companies. Each company became a monopoly over whatever part of the country it serviced.

      The previous ruling forcing Ma Bell to let people own their own telephones, and later laws requiring the local monopolies to allow competition (the creation of CLECs) did far, far more for competition than the breakup ever did.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
    116. Re:And then... by spitzak · · Score: 1

      Huh?

      I can't even figure out if you are in favor or opposed to gay marriage from your post. What are you talking about?

    117. Re:And then... by furby076 · · Score: 1

      Well if Cable TV is a "natural monopoly" why was it necessary for local government to forbid other companies from adding their own CATV networks? From where I'm sitting, if the government removed that prohibition, other corporations would flock-in and setup their own parallel network of CATV lines. Then you'd have Comcast, Cox, and Time-Warner, all available to every urban home.

      And how will you get that cable tv access to someones house when you don't have the wires running under the streets? The existing CATV company will charge you such a high price you would make a home user look like they got a 100% discount. Without the gov'ts involvement you would never get permission to lay lines down (and honestly who wants 10 cable companies cutting up the streets fumbling over each other to lay lines). Gov't regulations do things like forcing your local provider to give competition cheap rates so they can resell at competative rates.

      Another epic FAIL post by you.

      --

      I do not support "The Man". I also do not support your irrational stupidity
    118. Re:And then... by cayenne8 · · Score: 1
      "Your right to freedom of speech has long been taken away, long before "governments" ever got involved."

      The freedom of speech provisions are there to prevent the GOVERNMENT from limiting your speech, not private entities. For instance, the state govt. cannot tell you things you cannot display in your work environment, say your cube. But, your employer, a private entity can have regulations on what is and is not acceptable in their privately owned place of business.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    119. Re:And then... by scot4875 · · Score: 1

      I hate Democrats.

      There's most of your problem right there. You seem to think that this is a Democrat (evil!) vs. Republican/Libertarian (good!) thing.

      It's not.

      Also, WRT your sig: what does that even supposedly prove? 'Left-leaning' people get their news from non-cable sources?

      --Jeremy

      --
      Jesus was a liberal
    120. Re:And then... by spitzak · · Score: 2, Informative

      I'm not sure if you are just dense, or perhaps all this talking about ISP's has made you forget there are other people that have something to do with what is on the internet.

      Net neutrality is so that *suppliers* of data over the internet can be competitive.

      If the ISP's can agree with a big existing supplier to deliver only their data at a speed whereby the service (such as video) works, a new supplier of a competing service has no chance, as end users will get an unusable experience with them. There is nothing the new supplier can do to make themselves competetitive with the existing one.

      Now you can certainly argue that net neutrality has other negative effects and thus it's downsides outweigh the competitive benefits. But I think it is pretty obvious the reasoning why it might help competition.

    121. Re:And then... by drizek · · Score: 1

      Why should we have all that redundant infrastructure? Why should we have all those incompatible technologies? How about we get municipal internet, the same way we have water and gas. I don't know about you, but I've been living here for 10 years and I've had a hell of a lot more problems with my DSL than I have with my water and gas.

    122. Re:And then... by Phroggy · · Score: 2, Informative

      Net neutrality encourages competition between content providers. Consider: Google pays a bunch of money to all the major ISPs to ensure that their web sites get top priority when routing traffic. Somebody comes along and creates a better search engine, but it loads slowly because they can't afford to bribe all those ISPs like Google can. People continue using Google, because it loads faster.

      Net neutrality also encourages competition between ISPs. Let's say Google, Microsoft, NBC, and a bunch of other content providers are all paying large chunks of cash to all the major incumbent ISPs. The ISPs can use this cash to reduce customer prices. If you want to start a new ISP, you're not going to be receiving any of that cash from content providers, so you have to charge your customers full price. Nobody will sign up with you, because your service costs more. Of course, once you've gone out of business they can raise their prices and pocket the difference - most of them are local monopolies anyway.

      --
      $x='S24;r)>63/* h@<5+oZ)32"5cz';$me='phroggy'x$];
      $x=~y+ -xz+\0-Tx+;print$_^chop$me for split'',$x;
    123. Re:And then... by sjames · · Score: 1

      Interestingly, there is nothing in the Constitution at all to oppose a socialist economy (though there are particular forms of socialism that would be prohibited), particularly if state governments cooperate.

      Mandating a 1 party system would be unconstitutional.

    124. Re:And then... by cayenne8 · · Score: 1
      "It is a troll because the Obama administration doesn't support a return to the Fairness Doctrine."

      No..but Pelosi does, and we can now see who is running things for the most part in DC.

      So far...Obama does not appear to be the one wearing the pants with the legislation coming at him from congress.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    125. Re:And then... by Anonymous Coward · · Score: 0

      The Federal Government stopped following the Consitution some time around 1861

      Mod up, grow some balls. Obama is going to keep all the powers Bush granted himself.

    126. Re:And then... by ion.simon.c · · Score: 1

      Great call. If there's one group of people who need a hand in this economic downturn, it's the ISP execs.

      I think that you missed it.
      The government buys up most (all?) of the fiber from the various telcos in the nation, then allows *ANY* ISP to use it, for a nominal fee. (Yanno, much like the power company or the water company operates.)

      Some telco ISPs (ATnT, Sprint, etc.) will get a shitload of money out of the deal but -in the end- they'll have to pay the same rate to use the fiber as anyone else.

    127. Re:And then... by sjames · · Score: 1

      Only the lines themselves are a natural monopoly. Provisioning service through them is NOT. There is no reason that a government can't (or shouldn't) build a public access network available to all comers so long as it doesn't actually prohibit a private company from building a parallel network.

      At the very least, if a company is going to be the only game in town, it must be regulated including a must serve provision. That is, no more banning someone from service so long as they pay the going rate. That is especially true if they are the only available broadband in an area.

    128. Re:And then... by Rynd · · Score: 1

      Most malls are private property and the owners can ban whomever they wish.

    129. Re:And then... by Uberbah · · Score: 1

      Or just watch Sicko, where Michael Moore uses to the weak US health system to ask WTF Cuba has nearly as good a health care system as the U.S. despite spending 1/30th as much per patient

      Fixed that for you.

    130. Re:And then... by Uberbah · · Score: 1

      Are you suggesting that the financial markets are/were totally unregulated?

      It's the credit default swap markets that were totally unregulated, leading to our current financial mess.

    131. Re:And then... by thetoadwarrior · · Score: 1

      Obama did not turn the US into a Socialistic Single party system, numb nuts. The citizens voted all those democrats in because the republicans pander to the mentally retarded rather than following their true conservative roots these days.

      Politicians from both sides have shat all over the US for over 100 years and the only people to blame are the simpletons that keep voting in the clowns from both parties.

      Lastly crying that Obama is spending money to try to save the economy is laugh after the last 8 years we've had where Bush not only started the socialist movement to save the economy (highly laughable since he's supposed to be a conservative) but he's done more damage to freedoms we're supposed to have all because of 9/11. Usama won and if he's still alive I'm sure he's loving it.

    132. Re:And then... by Uberbah · · Score: 1

      Ahh yes, the "deregulation" that resulted in the existing financial market - the most highly regulated market in America.

      Maybe in whatever alternate reality you come from, but here the facts don't meet your story line. At all. You had an SEC that was asleep at the wheel. You had Republican love for deregulation leading to the credit swap market being larger than the GDP entire planet.

    133. Re:And then... by Anonymous Coward · · Score: 0

      Bzzz. The reason most areas have monopolies is because the *government* GAVE them monopolies, and forbade any other company to enter the market. If that prohibition was lifted, other companies would be happy to move-in and start running networks in parallel.

      The only way I could see this happening is the cables and related in-the-field equipment were considered public infrastructure, like roads are (something I, for one, would be in favor of). To use a (quasi-)car analogy, the barrier of entry for starting a trucking company is much lower if you only have to own and operate trucks, instead of also being required to build and maintain the roads they must travel on. To extend the analogy even further, simply saying that anyone can now compete with the established trucking monopoly that currently owns and maintains all the existing local roads doesn't makes the barrier even higher than if everyone was starting from scratch.

      But folks like Comcast carefully grease the pockets of Senators like Specter, to make sure the prohibition stays in place. It's a bought-and-paid-for monopoly via government, not a natural monopoly. Remove the prohibition, and competition would happen.

      Why would Comcast donate money to a US Senator to protect their local monopolies? I haven't heard of any preposed Federal legislation banning municipal or county governments from granting monopolies to Telcos or Cable companies. Yes these are "government granted monopolies" but not "Federal government granted monoplies", there is a difference. Also, see the first part of my response for a way to turn the situation in to a much more competetive market.

    134. Re:And then... by 7Prime · · Score: 1

      Interestingly, there is nothing in the Constitution at all to oppose a socialist economy (though there are particular forms of socialism that would be prohibited), particularly if state governments cooperate.

      Mandating a 1 party system would be unconstitutional.

      Completely Acurate. The tenants of socialism say nothing about how many parties are involved in the process. That was something that evolved out of Stalin's regime (a fascist leadership I might add, not actually a socialist one) during soviet communism. Even the Russians originally had a 2-party system: the bullchaviks and the menchaviks. Stalin switched parties and then systematically killed or had arrested all his opposition, and did away with the 2-party system. There's nothing socialist about it: Stalinist? Yes. Russian? Maybe. But there is nothing inherently socialist or even communist about single-party systems, they're inherent to dictatorships and fascist regimes. Most modern-day socialist countries like Canada and Sweden (which are also capitalist hybrids) have multi-party systems similar to that of Great Brittain, France, or Japan. In fact, the US is one of the only modernized countries with a 2-party system. Not saying that 2-parties are bad, but it certainly works with more than that, and NOONE is suggesting that we ever go to a single-party system. Although, if the Republicans continue to fuck up the way they have been for the last several years, it's going to look like that for a while.

      --
      Multiplayer Gaming (defined): Sitting around, discussing single-player games with my friends, at the bar.
    135. Re:And then... by veranikon · · Score: 1

      Yes, the last mile tends to be the most expensive segment of any conventional resident broadband scheme in this country, because of our infrastructure's unhealthy dependence on unsustainable, top-down approaches. Why does every wired home need a twisted pair and associated telephone pole forest when ad-hoc wireless schemes like mesh node wifi could suffice for perhaps 80-90% of people affected?

      Federally subsidized DSL, should it ever come about, would indeed increase broadband access in direly underserved markets like the inner cities and rural communities. But it would be expensive (we'd just be using taxpayer $$$ to further build out the top-down systems described above), it would most certainly not be competitive or innovative, and the actual details of its implementation would still be left to the very same telco monopolies we gripe about now.

      Wireless technologies like mesh node wifi, WiMax, possibly even White Space, whenever that appears, could readily serve urban and suburban markets. We already use churches, post offices, school, etc as neighborhood polling places, why not also as uplinks for the local wireless broadband presence? It also need not be gov't mediated. Imagine running these wireless presences as neighborhood co-ops, similar to the century-old tradition of agricultural co-ops, or even wireless kibbutzes.

      And for rural communities, why not approaches like the Tribal Digital Village?
      http://www.sctdv.net/
      http://mediaresearchhub.ssrc.org/southern-california-tribal-digital-village/institution_view
      http://pactlab-dev.spcomm.uiuc.edu/home/archives/visualizations/tribal_digital_village_antenna_tower.html
      http://www.flickr.com/photos/communitytechnology/sets/72157594313899663/
      This is a local community wireless network serving a tribal community in the mountains of Southern California, using community wifi technology and high-speed backhauls to the uplink on the coast.

    136. Re:And then... by realnrh · · Score: 1

      *bzzzt* Sorry, thanks for playing, but that talking point has been mooted. Included in the stimulus package, introduced by Democrats and passed through the House of Representatives with zero Republican votes, was language specifically stipulating that the FCC may not use any federal funding to reinstate the Fairness Doctrine. The only ones talking about the Fairness Doctrine are the head of the Republican Party (Rush Limbaugh) and his die-hard followers. This is political vaporware, much like the oft-touted nonexistent 'Freedom Of Choice Act' that certain anti-abortion groups have been screaming about and does not have the 'exists' bit set.

      --
      Long? What do you mean the signature at the bottom of every comment I post on Slashdot is too lo
    137. Re:And then... by sumdumass · · Score: 1

      There are constitutional limits in what the president can and can't do. It doesn't matter what he claimed to want to do during his campaign or who voted for him. He can change how America does things, but he can't change America from being America.

    138. Re:And then... by Uberbah · · Score: 1

      You read too much liberal propaganda

      You lie too much.

      The truth is that the banks were /regulated/ by the government to issue high-risk loans.

      Liar:

      Federal Reserve Board data show that:

              * More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
              * Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
              * Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.

      Reality has a well known anti-wingnut bias. Or maybe you'd like to try and explain how minorities and a 30 year old law are resonsible for ballooning a few hundred billion in mortgages into a bubble larger than the GDP of the entire planet.

    139. Re:And then... by HiThere · · Score: 1

      Quite a bit before then. Check out the "Alien and Sedition Acts".

      The problem is, the constitution doesn't have any enforcement branch that's effective over the federal government. I don't even know what such a thing could look like. The product of government is a bit abstract for normal Q/C measures to work, and even a good Q/C department requires the support of management to be effective.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    140. Re:And then... by sumdumass · · Score: 1

      Lol.. You need to read between the lines. The same type of legislation called equality in broadcasting or any other name can be used. The reason the fairness doctrine was singled out is because it has been explained and too many people don't like it. However, the same shit is being purposed and the same shit is most likely going to be tried under a different name. Perhaps in segments of other bills (riders).

      Their is no indication that anything but the name of the fairness doctrine is dead. From the rest of your comment, I can see your drinking the cool aid. Perhaps if you would just pull your head out of your ass and stop repeating the spoon fed shit they tell you, you could actually look around and see this.

    141. Re:And then... by DECS · · Score: 1

      Thanks but "regulation" isn't the natural enemy of capitalism. It is in fact necessary for capitalism to function properly. It is the rule of law. Without regulation of things from standard measurements to money supply to accounting practices to reporting rules and so on, business couldn't function and we'd have anarchy.

      That's exactly what happened in the unregulated markets for new securities, developed by big finance to skirt the rule of law in order to make vast short term wealth on the side. That house of cards collapsed, proving that "deregulation" is not "pro-business" as Republicans like to claim it is.

      Excessive regulation can certainly be a problem, resulting in bureaucracy, but we're not near that problem and haven't been for decades.

      Worrying about the perils of excessive regulation as the economy tanks from the outcome of lax regulation, a direct result of years of the Republican-driven assault on regulation, is as ridiculous as fretting about the US suddenly falling to communism as it climbs from the crater of corporate fascism.

      The slippery slope toward liberal democracy isn't as slippery as Republicans fear it is. Progress is actually a lot of work. Slipping backward is the real threat.

    142. Re:And then... by Uberbah · · Score: 1

      Regulation is what CREATED this crisis.

      Too bad your opinion isn't based on reality. It was the lack of regulation that let bankers run up a few hundred billion in mortgages into a bubble larger than the GDP of the entire planet. It was the lack of regulation that let Bernie Maddoff swindle billions of dollars from investors, despite the fact that a whistleblower was screaming at the SEC for years that the hedge fund was a Ponzi scheme. It was the Republican gutting of IRS investigations that let other Ponzi schemers turn in the same income tax returns multiple times without notice. It's the lack of regulations that executives take over 100% of a firm's profits in bonuses.

      So give it up already, your freeper BS just aint gonna fly any more.

    143. Re:And then... by LandDolphin · · Score: 1

      The first line of oversight was voting; being able to remove politicians from office that did not govern in a manor that the population agreed with. After that, the next oversight was provided in the First and Second Amendments.

      Unfortunately, the population has been tricked into believing that it only has two choices (Democrat or Republican). We have representatives in Government because the population is not qualified to govern itself. It seems they might not be qualified to vote either.

      Additionally, people lack the will to Revolt against their Government. But there is good reason for that; life is good in America. The standard of living in America is so high that the vast majority of people have little desire to put forth the effort to make any real changes to the system. Why would they? Their lives are going pretty well. Even "In this Economy" most people that want jobs have them. Even if unemployment was 15%, there would still be 85% of Americans who want to work who are working. So, those 85% have more incentive to do nothing then risk their security.

      --
      Spelling and Grammar errors have been added to this post for your enjoyment
    144. Re:And then... by realnrh · · Score: 1

      Ah, bugger. Wrong bill. It was the D.C. Voting Rights bill, not the stimulus, which was not a pure party-line vote, though it was still primarily Democratic-backed even with this amendment. http://arstechnica.com/tech-policy/news/2009/02/senate-bans-fairness-doctrine-revival-87-11.ars

      --
      Long? What do you mean the signature at the bottom of every comment I post on Slashdot is too lo
    145. Re:And then... by DECS · · Score: 1

      And why should the government subsidize "luxury" data service for people who choose to live far from urban centers?

      USF is lifeline service to telephone access, a large subsidy to provide basic communications services for everyone. Expecting your fellow citizens to pay far more for the much more expensive task of setting up cheap, heavily subsidized data services for you is plain socialism. Especially when rural residents can buy sat service or use dialup Internet.

      Nobody has an emergency need for access to YouTube.

    146. Re:And then... by realnrh · · Score: 1

      Okay, let's see any actual evidence to back up your claim. I submit the public record of votes, which show that the Democrats voted to enter into law a bar on the Fairness Doctrine. Please submit some form of evidence showing that efforts to the contrary are taking place, outside of the fevered imaginations of Rush's dittoheads. If not, then please remove your head from El Rushbo's pilonidal cyst in turn.

      --
      Long? What do you mean the signature at the bottom of every comment I post on Slashdot is too lo
    147. Re:And then... by Anonymous Coward · · Score: 0

      I just KNEW someone was going to call me out on that... If and when Obama, or any president, were to do something unconstitutional, I can guarantee to you that I will either be calling for their impeachment or arguing for an amendment to the Constitution. That's the beauty of the living document, after all.

      /quote>

      So I'm guessing that you are opposed to the Durbin Amendment (new fairness doctrine that blatantly rapes the first amendment, and is blatantly unconstitutional) that was voted through senate last week and is on its way to the house? Why would you wait for Messiah Obama to sign it into law when you could just start now and voice your concern to your local Representative? Hasn't anyone every made you aware that once you give up your freedoms its not as easy as just saying hey i want them back.

    148. Re:And then... by HiThere · · Score: 1

      It's not a trick. Do a systems analysis of the way votes are counted. There ARE only four choices:
      1) Democrat or Republican
      2) Republican or Democrat
      3) Somebody else as a protest (won't affect the results)
      4) It's not worth bothering to vote.

      Note that in choice 3 it doesn't matter who you vote for. That person will never get in, and both of the major parties will ignore your response.

      Consider, however, the Pat Paulson for President campaign. Because of that they changed the laws to not count votes that weren't for registered candidates. (And to forbid TV personalities from running for office, even as a joke.) That was one instance where an outsider MIGHT have ended up with the office, because everyone was disgusted with both of the major candidates, and because he spoke, via TV, to a very large segment of the populace. (It was a comedy show, of course.)

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    149. Re:And then... by Actually,+I+do+RTFA · · Score: 1

      But rather than just regulating, which we know never goes wrong, why not foster a more competitive market as well?

      Can you please give me an example of regulation gone wrong. I'll give you counterexamples:

      Enron

      Current financial crisis

      Peanuts/Spinach/etc. epidemics

      And, further, I'll claim that power/water/sewage/trash pickup/telecommunications/roads are all infastructure that the rest of the country builds on. Not having that be subject to free market fluctutations makes it harder to build more complex companies (e.g. web services). By keeping these out of the free market, we allow the free market to make far more interesting decisions.

      --
      Your ad here. Ask me how!
    150. Re:And then... by marnues · · Score: 1

      You might notice that the executive branch is given a very open ended amount of power that is really only limited by congress. Unless the president does something unconstitutional the supreme court cannot even check the president's power. Which means I must ask you what laws or sections of the constitution is the president violating? All recognized rights are stated in the constitution. Do not go outside of that document. You'll notice that none have been broken.

    151. Re:And then... by marnues · · Score: 1

      Did learned people not get mod points today? This entire discussion seems to be moderated by head-in-the-sand libertarians. Society be damned, regulation is evil I guess...

    152. Re:And then... by marnues · · Score: 1

      Are you expecting Bush-style you're-with-us-or-we'll-bury-you-so-far-in-political-quagmire-you'll-never-be-re-elected deamnds from this administration. Neither Obama, Pelosi, Reid nor any other person is in full control of the government. Exactly the way it should be. I think Bush really has invaded some people's brains.

    153. Re:And then... by marnues · · Score: 1

      You really believe that? That's...just weird... No one is going to lay those lines. You think even with really crappy service that Comcast is going to spend billions to penetrate a market that might get net them a few thousand customers. I'll tell you this. If the cable company I work for had any competition in the 3 state area that we operate in, we'd pull out as we couldn't justify the cost of the equipment or people in a market that we are not guarenteed subscribers. There just isn't enough money to go around. Besides, every cable company takes you to the same internet and the same cable channels. More and more we are seeing actual differences on channels available and digital services provided, but nothing large enough to warrant what you're suggesting. Phones are becoming a different story, but that's because voip is making pots obsolete, not because we are moving towards a truly competitive market. Let me put it a different way. Imagine if Denver had both Comcast and Time-Warner. Comcast would halve its customer base and hand them to TW. Comcast still requires exactly the same network with exactly the same number of support staff (maybe not customer support, but that's pretty much pittance compared to technical support). TW will also have to create a duplicate network right next to Comcast's. That's twice the lines, twice the number of digs, twice the number of people the city of Denver has to deal with... And both companies still take all their customers to the same internet and roughly the same cable channels. The small bit of the internet that differs between them, the small difference in the channels provided, and the small differences in customer support do not warrant anyone switching between companies. There'll be anecdotal evidence to switch and many will, but it'll be a back and forth trade of roughly equal size. And once each is ubiquitous, the only cost cutting measure either can take is to actually get more subscribers. There is no way that de-monopolizing the cable industry will make money for the cable companies or save consumers money.

    154. Re:And then... by marnues · · Score: 1

      Wow, still so wrong. No other companies would dread the thought. Even Comcast, the behemoth of the industry would never move into a new market without government support. It is not cost effective. Cable companies need the guarantee of monopoly or else they would never move in. I'll disagree with the gp, last mile is not super expensive and its a one-time cost even if the person in the house drops service. If they come back, its as easy as flipping a switch and provisioning the customer. Last mile is covered by the customer's personal bill. It's all the stuff that is necessary no matter if the ISP has 100 or 10000 customers that makes this an issue. Government approved monopolies for cable tv are a good thing for all parties involved. If you can actually come up with a business model that saves cable customers money and you will do something no cable company has figured out.

    155. Re:And then... by DMalic · · Score: 1

      Aren't theaters?

    156. Re:And then... by marnues · · Score: 1

      No, it is not adequate. The fact that you are ok with using decades old technology suggests that you have no love of growth or new ideas. Your child wants the more expensive console becouse his friends have it and he wants to indulge in a shared experience with them. He can't do that with the dated ps2 that none of his friends are playing. Please don't take your disgusted of progress out on your child's desire to have meaningful relationships with peers.

    157. Re:And then... by Tuoqui · · Score: 1

      Really... where in the constitution does it say that the US *MUST* use a capitalist economic system? Where does it say that the government must be a two party system? Why cant it be a one party system (I can understand that since it removes the choice for democracy)? Why cant it be a 3, 4 or 5 party system?

      Technically any expenses that are approved by congress are constitutional. Congress holds the purse strings and they are accountable to the people, if you don't like what your congress critters are doing you can vote them out (in theory).

      Much of these companies networks have been paid for by public money. Technically these networks should be considered public or partially-public constructions much the way you'd pay a private contractor to build some government building. The building itself is public even if the private sector was responsible for building it and possibly maintaining it.

      --
      09F911029D74E35BD84156C5635688C0
      +2 Troll is Slashdot's way of saying groupthink is confused
    158. Re:And then... by Tuoqui · · Score: 1

      Really... Bush got less than 5 out of 10, still got in office and STILL ran the country like he had carte blanch to do whatever he felt like... At least until the elections 2 years ago when the Democrats got control of Congress.

      --
      09F911029D74E35BD84156C5635688C0
      +2 Troll is Slashdot's way of saying groupthink is confused
    159. Re:And then... by Tuoqui · · Score: 1

      Maybe we should think about possibly building towers attached to giant hot air balloons tethered to the ground?

      --
      09F911029D74E35BD84156C5635688C0
      +2 Troll is Slashdot's way of saying groupthink is confused
    160. Re:And then... by Curunir_wolf · · Score: 1

      All recognized rights are stated in the constitution. Do not go outside of that document. You'll notice that none have been broken.

      Arrgh! NO! Your rights DO NOT come from the government, or the Constitution. They are inherent. The Constitution limits the powers of the government, not of the people. The people grant certain powers as explicitly spelled out in the Constitution to the government. All other rights are "reserved" by the people, or by the states, as the people dictate. It's spelled out in the 10th amendment, but it needn't be. The bill of rights was just stating the most important of your inherent rights, because some of the states thought it was important that they were looked after closely.

      You might notice that the executive branch is given a very open ended amount of power that is really only limited by congress.

      [sigh] Why do people keep insisting that powers of the federal government (and the president, in this case) are "open ended"? They are not. His powers are very limited. Only the inherent rights of the people are open ended.

      The President is sworn to "preserve, protect and defend the Constitution of the United States". That's a contract, and it says that the people are sovereign and the government is granted certain powers by the people.

      The President is only allowed to do these things:

      • Command the armed forces
      • Grant pardons and reprieves
      • Make treaties with foreign governments (if approved by 2/3 of the senate
      • Make appointments to ambassadorships, ministers and consuls, and Supreme Court judges (again, with the approval of the Senate). (He can also make appointments unilaterally when congress is not in session).
      • Provide "state of the union" reports
      • Make recommendations to congress
      • Receive ambassadors

      That's pretty much the full list, other than the one thing: "he shall take care that the laws be faithfully executed". That means he is in charge of enforcement of the laws that Congress passes. The "faithfully" part means that he needs to enforce laws as Congress intended them (unless they violate the Constitution, which overrides everything).

      Now, that's not very "open ended". It's pretty specific and limited. He is not allowed to spy on citizens when the Constitution requires a warrant. He is not allowed to take land that doesn't belong to him. He is not allowed to violate treaties that he or previous presidents have signed and been ratified by Congress. He is not allowed to spend any treasury funds unless Congress gives it to him to enact their laws.

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    161. Re:And then... by LandDolphin · · Score: 1

      I say "tricked" because, as you pointed out, people think voting for another person is throwing away your vote. however, if everyone voted for who they actually wanted, and did not limit themselves to the two parties, then we would not be limited to the two parties.

      We are only limited to two parties because the American people choose to limit themselves. The republican party didn't even exist for the first half a century of the country. Parties have come and gone, and can do so again fi the people were not "tricked" into thinking there are only two choices.

      --
      Spelling and Grammar errors have been added to this post for your enjoyment
    162. Re:And then... by Ashriel · · Score: 2, Informative

      I'm kind of curious how you managed to assume that the President is trying to implement the Fairness Doctrine. Yeah, I know Wikipedia is not a definitive source of fact, but still:

      In June 2008, Barack Obama's press secretary wrote that Obama (then a Democratic U.S. Senator from Illinois and candidate for President) "does not support reimposing the Fairness Doctrine on broadcasters", but that he "considers this debate to be a distraction from the conversation we should be having about opening up the airwaves and modern communications to as many diverse viewpoints as possible", adding, "That is why Sen. Obama supports media-ownership caps, network neutrality, public broadcasting, as well as increasing minority ownership of broadcasting and print outlets." [34] In February 2009, a White House spokesperson said that President Obama continues to oppose the revival of the Doctrine.

      Moreover, the Senate has just added the Broadcaster Freedom Act of 2009 to a bill allowing the District of Columbia a House Rep. The Broadcaster Freedom Act of 2009 specifically forbids reviving the Fairness Doctrine, or anything like it, and is likely to be supported by the President.

    163. Re:And then... by Ashriel · · Score: 1

      Oh, how beautiful a No Party system would be...

      We can only dream.

    164. Re:And then... by Ashriel · · Score: 1

      Ug. The real tragedy is that you still consider DSL to be adequate as a basic service for the nation.

      I certainly do. I have 5 Mbit DSL (my company tries to tell me it's really 7, but they're just blowing smoke). It runs me about $42/mo., services all my entertainment and communication needs, and I don't have to worry about peak usage slowing down my connection.

      You couldn't pay me to take on cable (and certainly couldn't sell me a 10 Mbit connection for $75/mo. that's actually only 10 Mbit between midnight and 4 am), and while 30 Mbit Fiber is working it's way up here, I just don't need that speed, certainly not at the additional cost ($140/mo.).

    165. Re:And then... by Workaphobia · · Score: 1

      5 Mbit is decent. I think I was overzealous in my claim because I was thinking of the FCC's craptacular broadband definition stating that speeds under 1 Mbit/s are good enough.

      On Long Island we have it pretty good. Cablevision and Verizon compete to offer us tens of megabits at affordable prices. Admittedly the speeds are measured in marketing terms, but my "15 Mbit" basic OptOnline (Cablevision) service still gets 6-10 Mbits.

      But I hate the notion that I wouldn't have that kind of service available (or the ability to upgrade to 30 Mbits) if I lived in many other parts of the country.

      --
      Evidently, the key to understanding recursion is to begin by understanding recursion. The rest is easy.
    166. Re:And then... by Suzuran · · Score: 1

      I believe that marriage is primarily a religious ceremony and should not be under the jurisdiction of any government, state or local. There should be no laws for or against any marriage. As for the legal side-effects of a marriage, shared ownership of property and so on, those should be obtainable by simply filing paperwork, with or without a marriage. The government should not be involved. Recently in California, a law was passed causing the state to have more jurisdiction over marriage, and forcing it to recognize gay marriages. This lasted for several months before a vote was taken causing the state to use its new jurisdiction to forbid and annul gay marriages. Now the state has jurisdiction, a prohibition is in place, and it will be a hundred times harder to repeal the prohibition than it was to get the original law passed in the first place. Those who fought to pass the law have successfully shot themselves in the foot. This is how net neutrality will die. Right now, with this administration, we stand a chance of causing the federal government to take jurisdiction over internet carriers and enforce net neutrality. This sounds all well and good, but once they have that jurisdiction, the situation can change, and that power can be turned against us by prohibiting neutrality. Forcing carriers to block access to "objectionable" material, or something like that.

    167. Re:And then... by brian0918 · · Score: 1

      Maybe in whatever alternate reality you come from, but here the facts don't meet your story line.

      On the contrary, the facts of reality back it up perfectly.

      You had an SEC that was asleep at the wheel. You had Republican love for deregulation leading to the credit swap market being larger than the GDP entire planet.

      Is this your "evidence" - a bunch of free-floating notions, with no connection to actual events?

      The problem began with the Fed's move to artificially lower interest rates in the name of "affordable housing". Combine that with the implicit government backing of Freddie Mac and Fannie Mae, which turned toxic assets into pure "gold" that could be traded as "securities", again in the name of "affordable housing". Combine that with community reinvestment plans from local/state and federal governments, which forced banks to accept loans from high risk individuals, again in the name of "affordable housing". These all came together to create a bubble that burst once interest rates went back up.

    168. Re:And then... by FireStormZ · · Score: 1

      Whats funny is in 2004 Bush got about 52% of the vote and picked up congressional seat and when he said he had a mandate people on the left (rightfully) balked... Obama get 54% and pick up some seats and its now, to the left, a mandate...

      Obama is burning through political capital far faster than Bush, even some of the Blue Dog democrats are starting to wonder about this new omnibus spending bill.

      Using Bush, who is literally the lowest common denominator of my life time (and given I lived through carter that says something) to prop up obama is pretty funny..

      --
      "Ahh! Arrogance and stupidity in the same package, how efficient of you!" --Londo Molari
    169. Re:And then... by Anonymous Coward · · Score: 0

      However, the same shit is being purposed and the same shit is most likely going to be tried under a different name. Perhaps in segments of other bills (riders).

      Their is no indication that anything but the name of the fairness doctrine is dead. From the rest of your comment, I can see your drinking the cool aid. Perhaps if you would just pull your head out of your ass and stop repeating the spoon fed shit they tell you, you could actually look around and see this.

      Lots of crazy shit gets proposed. Most of it dies in some committee. Got anything to back up your paranoia besides the typical name-calling?

    170. Re:And then... by mahadiga · · Score: 1

      If Obama follows the Constitution, that would be the biggest change seen in many years.

      If Obama rationally interprets the Constitution, that would be the biggest change seen in many years.

      --
      I'd like to buy homeland for our 10 million people. http://twitter.com/mahadiga
    171. Re:And then... by docwatson223 · · Score: 1

      Hitler - another of the Socialist breed - wanted and got change, too. Seems that didn't work out so well, either.

    172. Re:And then... by commodore64_love · · Score: 1

      >>>We went through inflationary booms and deflationary crashes about every ten years

      Yes but the late 1800s were mild, painless corrections. Since that time, efforts by government to prevent these corrections have created HUGE bubbles that, when they burst, became painful recessions. Government interference to artificially-lower interest rates made it WORSE not better.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    173. Re:And then... by commodore64_love · · Score: 1

      I had suggested the simple idea of upgrading existing lines with a DSLAM server. That truly is just a "basic" communication link, and it can be done with little added expense to the current Plain-Old-Telephone-Service (POTS).

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    174. Re:And then... by commodore64_love · · Score: 1

      >>>And how will you get that cable tv access to someones house when you don't have the wires running under the streets?

      Well if Comcast is the current monopoly, and the local government repeals their exclusive license, then Cox, Time-Warner, and Verizon can run their lines through the same urban pipes or urban sewers that Comcast uses - i.e. in parallel. That way each home can choose one of 4 companies for their CATV or Cable Internet.

      And more importantly, you have competition instead of monopoly, and a Pro-choice arrangement that gives power to the People.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    175. Re:And then... by commodore64_love · · Score: 1

      You claim it's not possible for companies to co-exist, and yet right here I have three:

      - Comcast
      - Suburban Cable
      - Verizon (in competition for internet customers)

      They all seem to be making out just fine and dandy, and all three are raking in big dollars which no sign of bankruptcy. From the air you also have competition from Dish and Directv.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    176. Re:And then... by commodore64_love · · Score: 1

      >>>why lay 2 sets of fiber when you can have only 1?

      Why have 10 different car companies when you can have just 1? Why have 3 operating systems instead of just 1 - Windows? Why have 50 different electronics manufacturers instead of just 1? ..... Answer: To eliminate monopoly and be pro-choice. To give power to the People to choose for themselves. Same applies to cable.

      Aside -

      I honestly don't understand you people. You complain that's there's no competition and you're sick of a monopoly controlling CATV/internet, and yet when someone comes along and proposes a solution (let 3-4 companies coexist in the same cities in direct competition), you whine again about how it can't be done because "it's a monopoly". It's like all you know how to do is bitch. If you don't know how to solve problems, then you shouldn't call yourself engineers.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    177. Re:And then... by sumdumass · · Score: 1

      Actually, I was in the process of reading through the Stimulus in order to respond to your challenge earlier. I was aware of the Republican lead effort to pass the Broadcaster Freedom Act of 2007 (senate bill S.1748 and S.1742 - house bill H.R. 2905 ) which was defeated by the people your claiming are against the Fairness doctrine in the first place. It was revived in this year as the Broadcaster Freedom Act of 2009 (s.34) which was included into the DC. voting rights bill. It should be noted that the bill originally was a response to democrats calling for the fairness doctrine to be reinstated as a response to the lack of access to the majority of citizens because of the so called media slant in the larger markets.

      I'll go into more details about that in my reply to your other post asking me to provide some proof of my claim that it would be implemented in other ways and under different names. Here is a teaser though. It's what Eric Holder (our current AG) said in 2004 at a liberal function using the name American Constitution Society. He said "In a short term, this will not be an easy task with the main stream media somewhat [cowed] by conservative critiques and the conservative media disseminating the news in anything but a fair and balanced manner. And you know what I mean there. The means to reach the greatest number of people is not easily accessible." Later during his confirmation hearings he stated that he would support and pursue on behalf of the government any effort it passed or made into law concerning this, the fairness doctrine or anything similar to it.

      Obama himself has stated that the same issues could be dealt with by diversifying the media ownership saying he supports media-ownership caps, network neutrality, public broadcasting, as well as increasing minority ownership of broadcasting and print outlets as a means to bring as many diverse viewpoints airwaves and modern communications.

      In fact, I would say that the only reason enough democrats in both houses got on board with the legislation and allowed it to pass was because Mark Fowler warned that people were attempting to intertwine the fairness doctrine into the Net Neutrality debate and in effect to control the Interweb. Contrary to the Article's slant on it being a "democrat" push for net neutrality, many republican lawmakers support it too. FCC Chairman Powell stated it quite nicely I think. But many democrats were against net neutrality up until they had to support their leader. This is another area that we should be watching carefully too but that's also another topic.

    178. Re:And then... by commodore64_love · · Score: 1

      >>>Your child wants the more expensive console becouse his friends have it

      You just described in a nutshell why America is experiencing a massive recession in the mortgage & credit markets - trying to keep up with the Joneses. I plan to buy my child the $100 console and teach him to be happy with what he's got, because money doesn't grow in trees. It requires labor and I don't enjoy laboring almost a full week just to buy a Toy. He'll get the cheaper game system. Also I believe the groupthink, "I want I want I want" is also why the national governmental debt is ~$105,000 per U.S. home. People don't know how to control their baser impulses, are never happy with what they've got, and keep demanding more.

      As for the age of DSL, it's not that old. About twenty years. More importantly: it's cheap. DSL allows us to give everybody >56k without having to lay any new lines, because it uses the existing phone lines. A wise man SAVES money where he can, rather than waste it on frivolities.

      In contrast, you would have us dig-up millions of miles of dirt to lay fiber optics to rural farms all across the continent. That's an insane idea.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    179. Re:And then... by HiThere · · Score: 1

      You think that the choice of two candidates is an illusion, but I think you need to analyze the way votes are counted more accurately.

      Now you said "If everyone...". Yes, you are right. This is a version of the Prisoner's Dilemma. But the uncomfortable fact is that there is not solution to the Prisoner's Dilemma...except changing the system. This is why I support Condorcet voting, and others support Instant Runoff. But both would require electronic vote tallying software, so in every case it's important that the software be open and that a permanent audit trail be available. ...but then you need that anyway.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    180. Re:And then... by DECS · · Score: 1

      Throwing around jargon doesn't make things cost less. A DLSAM can only serve broadband to users within 3 miles of good quality twisted pair. It is neither cheap nor basic. How many of these are you going to install to serve rural users scattered around with more space than that between their homes? It makes no sense.

      Republicans are always big on small government and cutting spending until it comes time to address their own highly subsidized lifestyles. The Red States are all money pits living off the teat of Blue States. You're suggesting this must go even further so that Republicans can have faster access to their porn.

      Ridiculous.

    181. Re:And then... by Anonymous Coward · · Score: 0

      10/0.568 != 10+5.68

      You suck at math. That is all.

    182. Re:And then... by mattwarden · · Score: 1

      You're right. I meant the telecommunication company execs.

    183. Re:And then... by mattwarden · · Score: 1

      I wasn't being dense. As I said in my comment, it was a genuine question. I think being around /. too long and being baited too many times has affected your ability to have normal discourse.

    184. Re:And then... by mattwarden · · Score: 1

      That's like saying that not having a speed limit on this 1 road has led to many deaths. It's sort of true, but the fact that every other road has a speed limit pushes people who want to speed onto that one road.

      That's the problem with government regulation. It works if the government is always 1 step ahead of the market. But the government is never 1 step ahead of anything, let alone people who have huge financial motivation to find loopholes in regulation.

    185. Re:And then... by mattwarden · · Score: 1

      You pay for phone service, and you pay the phone company to lay cable out to your new building. I don't see what you are saying should change in order for the analogy to hold...

    186. Re:And then... by dkleinsc · · Score: 1

      I know this is a very delayed reply: I didn't really focus on your response, although the answer to your first paragraph is in a response to one of your siblings. Basically, different markets behave differently, because there's different commodities involved.

      Really the best argument I can make for why telephone systems tend towards monopoly comes from the market itself: we broke Bell into a bunch of Baby Bells, and in a couple of decades AT&T has more-or-less reconstituted itself.

      I don't dislike a monopoly controlling Catv/Internet, I dislike a monopoly controlling Catv/Internet without a lot of government (and possibly private) control over the monopoly. Telecom is considered a utility these days, and utilities have generally been controlled by governments to a large degree since the Roman Empire.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    187. Re:And then... by Uberbah · · Score: 1

      And in other news, Chewbaca has just moved his family to the forest moon of Endor...

      It works if the government is always 1 step ahead of the market. But the government is never 1 step ahead of anything, let alone people who have huge financial motivation to find loopholes in regulation.

      Why bother having criminal prosecutors, since the murders/thefts/assaults already took place? Your logic is Not Scottish.

    188. Re:And then... by Uberbah · · Score: 1

      On the contrary, the facts of reality back it up perfectly.

      Only if you're rooming on Endorphin with Chewbaca.

      Is this your "evidence" - a bunch of free-floating notions, with no connection to actual events?

      You mean connections like a whistleblower trying to warn the FTC for ten years but was completely ignored? Or Allen Stanford, the hedge fund manager that fled authorities for one day, turned in identical tax returns two years in a row without investigation?

      The problem began with the Fed's move to artificially lower interest rates in the name of "affordable housing". Combine that with the implicit government backing of Freddie Mac and Fannie Mae, which turned toxic assets into pure "gold" that could be traded as "securities", again in the name of "affordable housing". Combine that with community reinvestment plans from local/state and federal governments, which forced banks to accept loans from high risk individuals, again in the name of "affordable housing". These all came together to create a bubble that burst once interest rates went back up.

      Typical wingnut misdirection. Our mess was caused by greed, by Fannie Maye, not by Freddie Mac, nor by minorities:

      Federal Reserve Board data show that:

              * More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.

              * Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.

              * Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.

      And, once again since you ignored it the first time, maybe you'd like to explain how a 30 year old law turned a few hundred billion in mortgages blew up to over $60 trillion dollars in swap markets - more than the planet's entire GDP.

    189. Re:And then... by Uberbah · · Score: 1

      Endor, even. Stupid spellcheck.

    190. Re:And then... by CommanderIsm · · Score: 1

      hear hear... similar to the bogus uk. market

  2. Good by whisper_jeff · · Score: 2, Insightful

    Subject says it all.

  3. yay by Anonymous Coward · · Score: 0

    FSM knows, what the Internet needs is more regulation!

  4. How can anyone be against net neutrality by d-r0ck · · Score: 3, Interesting

    Being against neutrality is like being against equality. It's the internet equivalent of racism and discrimination. There are man many laws and regulations against discrimination, as there should be for net neutrality.

    1. Re:How can anyone be against net neutrality by Anonymous Coward · · Score: 0

      Being against neutrality is like being against equality. It's the internet equivalent of racism and discrimination. There are man many laws and regulations against discrimination, as there should be for net neutrality.

      Greed.

    2. Re:How can anyone be against net neutrality by giverson · · Score: 1

      Poorly written net neutrality legislation could cause problems and reduce service quality.

      For example, Akamai could work out a deal so that Comcast could cache Akamai's most popular content close to the end user. This requires less internet bandwidth and so Comcast could deliver the content to their users at a faster rate (a higher tier).

      Poorly written net neutrality legislation could stop this from happening.

      This is why there is some push back on net neutrality. If the legislation is screwed up, QoS and local caching that benefits the end user could end up inadvertently outlawed.

      --

      Capitalism does not lead to corruption, lack of character does.
  5. The real new threat from ISP's by elrous0 · · Score: 4, Insightful

    Thanks to recent efforts by the RIAA/MPAA, the threat now isn't just that ISP's will throttle P2P, it's that they will outright BLOCK it (and any sites related to it). Their counterpart in the UK has already succeeded in this effort with most of their ISP's, and you can bet it will happen here too soon. If this guy doesn't step in with some legal protections (and threats) for these ISP's, the days of typing www.thepiratebay.org into your browser and getting any message besides "This site has been blocked for copyright infringement" are numbered.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
    1. Re:The real new threat from ISP's by Hanners1979 · · Score: 1

      Thanks to recent efforts by the RIAA/MPAA, the threat now isn't just that ISP's will throttle P2P, it's that they will outright BLOCK it (and any sites related to it). Their counterpart in the UK has already succeeded in this effort with most of their ISP's...

      No they haven't. I don't know of a single UK ISP that blocks BitTorrent (although thottling is commonplace, and not just on P2P traffic): http://azureuswiki.com/index.php/Bad_ISPs#United_Kingdom

    2. Re:The real new threat from ISP's by Aladrin · · Score: 1

      That might be so, for the current incarnation of P2P. It has evolved in the past to route around censorship, and it'll do so in the future as well. Even now we have DHT and just need a way to identify the torrent we want. I'm sure something like freenet will evolve to allow us to browse to the .torrent file and DHT will let us download it.

      Honestly, I'm rather looking forward to something like that existing. It just adds 1 more level of crap that the RIAA has to wade through to prove anything whatsoever. Businesses will be 1 step closer to having to deal with reality, instead of this make-believe world where they can stop piracy.

      Why am I so looking forward to this? Because the options I want as a consumer don't exist! I have no desire whatsoever to pirate things. I'm quite happy to reward content creators for their time and effort... But only as long as it doesn't inconvenience me.

      They'll get that through their thick skulls 1 day... Won't they?

      --
      "If you make people think they're thinking, they'll love you; But if you really make them think, they'll hate you." - DM
    3. Re:The real new threat from ISP's by franki.macha · · Score: 1

      P2P's been blocked in the uk? That's news to me, I'll make sure to check whether anyone I know has been affected by this ban..

    4. Re:The real new threat from ISP's by freedom_india · · Score: 1

      UK is a fascist dictatorship. But instead of one Mussolini, it is governed by elected MPs and thousands of unelected bureaucrats.
      Plus, those Neville chamberlains (citizens of UK) are perfectly content to be under such a benevolent dictatorship!
      Hell, next they will invite the Government to put up a webcam inside their bedrooms so that the Government can "monitor" their "activities" for safety purposes.
      Please don't compare US and UK.
      They both may speak English, but we have Obama. And they have Brown-:))

      --
      "Doing what i can, with what i have." ~ Burt Gummer
    5. Re:The real new threat from ISP's by furby076 · · Score: 1

      it's that they will outright BLOCK it (and any sites related to it).

      No...free....porn???? :(_-_-_-_-

      --

      I do not support "The Man". I also do not support your irrational stupidity
    6. Re:The real new threat from ISP's by MadMidnightBomber · · Score: 1

      Their counterpart in the UK has already succeeded in this effort with most of their ISP's

      Eh, what? I'm in the UK and I have no problem using bt to download Linux ISOs.

      --
      "It doesn't cost enough, and it makes too much sense."
    7. Re:The real new threat from ISP's by franki.macha · · Score: 1

      UK is a fascist dictatorship. But instead of one Mussolini, it is governed by elected MPs

      . . .

      Please don't compare US and UK.

      yes, one of them happens to have a national health service, to have signed the UN convention on the rights of the child, have adequate gun control, and a distinct lack of creationism :P

    8. Re:The real new threat from ISP's by franki.macha · · Score: 1

      indeed, as far as I can tell it's hogwash

    9. Re:The real new threat from ISP's by freedom_india · · Score: 1

      Ah... the NHS: the envy of the world and the only stick with which to beat US.
      FYI, NHS was not created by Brown or even Blair. Hell it was created long back before these jokers grew out of their diapers.
      Signing the UN convention of rights of the child? That's like a cow's opinion: doesn't count.
      Creationism in UK? Look Here and and Here and and Here.
      Until you UK weenies come out strongly against the fascist policies of the UK government and roll back these changes OR elect a dynamic leader who does it, you guys ARE living under a modern Mussolini.

      --
      "Doing what i can, with what i have." ~ Burt Gummer
    10. Re:The real new threat from ISP's by franki.macha · · Score: 1

      For your information, I am Welsh, and well aware of the history of the NHS and its creation by Aneurin Bevan, the minister for health in Clement Attlee's post-war government.

      And yes, the UN CRC doesn't count, unless you don't think that children (or anyone else, in my opinion) should be subjected to the death penalty.

      Of course I'm aware that there are creationists in the UK, but I can honestly say that I've never met one, and of the links you provide the first is about outcry against creationism, which surely reinforces my point. The second states:

      In a survey by Southampton University, 36 percent of teachers said God was involved in humanity's creation

      which is not the same as the young earth creationism that I should have specified I was referring to, furthermore, I agree that creation should be taught in schools, in fact, I was taught about it at school, in religious education classes where it belongs.

      Even the third and most relevant of your links is only a debate about whether it should be discussed in lessons, not taught as fact.

      I admit that there are a lot of things about this country that I don't like, but I'm fed up of reading "OMG UK is fascist" posts on slashdot, it's complete nonsense.

    11. Re:The real new threat from ISP's by elrous0 · · Score: 1

      And what does it say when you type in www.thepiratebay.org into your browser?

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    12. Re:The real new threat from ISP's by elrous0 · · Score: 1

      I should clarify that I was referring to the IWF, which admittedly hasn't been extended to bittorent traffic yet. But if to think that it won't be now that the precedent for universal blocking has been set would be pretty delusional.

      --
      SJW: Someone who has run out of real oppression, and has to fake it.
    13. Re:The real new threat from ISP's by intheshelter · · Score: 1

      "and a distinct lack of creationism "

      and a distinctly high number of people who will burn in hell for all eternity as the dark prince feasts on their entrails. . . .

    14. Re:The real new threat from ISP's by Anonymous Coward · · Score: 0

      Funnily enough, I get ... The Pirate Bay website.

      (Top music torrent is U2:No Line on the Horizon if you don't believe me.)

    15. Re:The real new threat from ISP's by MadMidnightBomber · · Score: 1

      Funnily enough, I get ... The Pirate Bay website. Top music torrent is U2:No Line on the Horizon if you don't believe me.

      (Damn filter, posted anon the first time and now I can't post as myself unless I stick this bit in.)

      --
      "It doesn't cost enough, and it makes too much sense."
    16. Re:The real new threat from ISP's by MadMidnightBomber · · Score: 1

      And we're hauling our foreign secretary over the coals regarding allegations of torture, where as the USA couldn't give two shits it seems.

      UK is not a fascist dictatorship for fuck's sake. If you'd been to a proper police state, OR the UK you would know that.

      Having said that, I'd take Obama over Brown (or Cameron) any day. You got me there.

      --
      "It doesn't cost enough, and it makes too much sense."
  6. Down with the Democratic Party of imperialist war! by Anonymous Coward · · Score: 0

    Drive U.S. out of Iraq and Afghanistan with international workers struggle on the road to socialist revolution! Forge a revolutionary workers party!

  7. Just like arsenic keeps you healthy by hwyhobo · · Score: 3, Insightful

    On the contrary, regulation is what keeps capitalism from destroying itself. Crises at the turn of the twentieth century and now, at the turn of the twenty-first, have confirmed this.

    Please explain how forcing banks to make bad loans in the name of "social justice" proves that regulation keeps capitalism from destroying itself.

    --
    End anonymous moderation and posting on /.
    1. Re:Just like arsenic keeps you healthy by cduffy · · Score: 3, Insightful

      s/social justice/profit/

    2. Re:Just like arsenic keeps you healthy by MobyDisk · · Score: 5, Insightful

      The government didn't force anyone to make bad loans. If you are a loan officer and you made a bad loan, it isn't because the government held a gun to your back.

      It is amazing how on one hand you hear "The government made the banks do it through regulation" and on the other you hear "Deregulation of banks made them do stupid things!" Which is it? Did the government tell them to make the loans? Or did the government fail to tell them not to make the loans?

      Neither: The banks made loans based on their own flawed risk calculations and poor valuation of future property values. Capitalism is based on the power of greed, but it assumes that the greedy ones are also smart. In this case, they weren't.

    3. Re:Just like arsenic keeps you healthy by Joe+the+Lesser · · Score: 5, Informative

      Subprime loans were not forced or mandated by regulations. They were sought after by the banking institutions who lobbied for them.

      --
      "I only speak the truth"
      Karma: null(Mostly affected by an unassigned variable)
    4. Re:Just like arsenic keeps you healthy by slimjim8094 · · Score: 1

      I've heard this twice in two days.

      People didn't stop paying their mortgages because they fucking felt like it. Even 'undeserving' homeowners (yes, there are such a thing) as a rule paid their mortgage until they couldn't. For example, losing their job or having a huge unexpected expense (medical).

      Do you disagree with me, or do you think we should be 'fixing' the symptoms by discouraging lending? (For the record, I don't think everybody's entitled to a home - maybe an apartment - but I don't think that you're being entirely honest)

      --
      I have developed a truly marvelous proof of this comment, which this signature is too narrow to contain.
    5. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      Bunk, bunk, bunk and more bunk. I'm so sick of this argument and its myopic take on events. Yes, we all are well aware that the Clinton administration created the policies that allowed for this to occur. And then over eight years the Bush administration did nothing to change these policies.

      We are all responsible; stop trying to blame other parties. And don't give me some nonsense about how I'm putting words in your mouth, by using "social justice" you're making a veiled connection to the democratic party.

      Bitter medicine for us all, now stop being a whiner and take it. WE ALL HAVE TO TAKE IT.

    6. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 3, Informative

      >>>Did the government tell them to make the loans?

      As a matter of fact, yes it did. The Democrats pushed through legislation requiring banks to make "no down payment" loans in order to extend housing to as many low-income Americans as possible, and that idiot Bush signed it. (He also signed the stupid anti-bankruptcy law authored by democrat Biden.) So the answer to your question is "yes".

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    7. Re:Just like arsenic keeps you healthy by Joe+the+Lesser · · Score: 5, Insightful

      On top of my point, Fannie Mae and Freddie Mac may have been encouraged to lend to lower credit families, but the crisis would have happened even if they didn't exist because the other unregulated institutions went about it with much more gusto.

      Fannie and Freddie's subprime loans were shown to be on the more respectable end as opposed to the other banks who pushed their mortgage brokers to get loans no matter what the risk.

      The only thing Fannie and Freddie really shows is that the government endorsed the practice, but the fat cats of Wall Street made Fannie and Freddie's bad loans look likes child's play.

      --
      "I only speak the truth"
      Karma: null(Mostly affected by an unassigned variable)
    8. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 3, Informative

      Te other reason pay don't pay their mortgages is because they foolishly signed-up with variable rate loans. They could afford the original $300 a month, but when it suddenly jumped to $400 a month, then they were unable to keep up. They were living too close to the edge.

      A secondary reason is an unwillingness to sacrifice. i.e. Cancel the TV, cancel the cellphone, cancel the internet & replace it with free dialup, stop eating dinner at restaurants, et cetera. My niece & her husband fit this category. If these persons learned to sacrifice, a lot of them would probably survive.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    9. Re:Just like arsenic keeps you healthy by magamiako1 · · Score: 2, Insightful

      Or we could regulate areas that require regulation and prevent pricing from being abnormally inflated due to a lack of competition in the market.

    10. Re:Just like arsenic keeps you healthy by BlueStrat · · Score: 3, Informative

      The government didn't force anyone to make bad loans. If you are a loan officer and you made a bad loan, it isn't because the government held a gun to your back.

      Oh really?

      "The roots of this crisis go back to the Carter administration. That was when government officials, egged on by left-wing activists, began accusing mortgage lenders of racism and "redlining" because urban blacks were being denied mortgages at a higher rate than suburban whites.

      The pressure to make more loans to minorities (read: to borrowers with weak credit histories) became relentless. Congress passed the Community Reinvestment Act, empowering regulators to punish banks that failed to "meet the credit needs" of "low-income, minority, and distressed neighborhoods." Lenders responded by loosening their underwriting standards and making increasingly shoddy loans. The two government-chartered mortgage finance firms, Fannie Mae and Freddie Mac, encouraged this "subprime" lending by authorizing ever more "flexible" criteria by which high-risk borrowers could be qualified for home loans, and then buying up the questionable mortgages that ensued.

      All this was justified as a means of increasing homeownership among minorities and the poor. Affirmative-action policies trumped sound business practices. A manual issued by the Federal Reserve Bank of Boston advised mortgage lenders to disregard financial common sense. "Lack of credit history should not be seen as a negative factor," the Fed's guidelines instructed. Lenders were directed to accept welfare payments and unemployment benefits as "valid income sources" to qualify for a mortgage. Failure to comply could mean a lawsuit."

      But let's not let those pesky facts get in the way of some good old class warfare, eh?

      Strat

      --
      Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
    11. Re:Just like arsenic keeps you healthy by theskipper · · Score: 1

      Two points:
      1) I'd modify the gp's statement to say "responsible regulation." The investment banking leverage ratio was regulated; the increase from 15:1 to 33:1 by Donaldson/Cox was the cause of Bear's failure whereby their management went overboard with leverage.

      2) The increase in loan originations was due to the massive reduction in interest rates per Greenspan's attempt to pull the economy out of the 2000-2 fall.

      Not sure what this "social justice" babble is referring to.

    12. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      The GP's valid point is that Clinton Administration created the framework for this (which he/she is correct about) but then refuses to acknowledge the flip side of the coin by saying that it was for "social justice" (flip side being that the Bush administration continued the policies because it was allowing for incredible profit). It's a nice little backtrack that people who are directly involved in this debacle like to fall back on to absolve their own responsibility in the matter.

      People who can be blamed:
      Government - Check!
      Banks - Check!
      Boards of Directors for Major Banks/Financial Firms - Check!
      Loan Officers - Check!
      Home Buyers - Check!

      Think that's pretty much everyone at that point, so lets enjoy our cough syrup with codeine because there's really no other way around it.

    13. Re:Just like arsenic keeps you healthy by squallbsr · · Score: 1

      Don't forget the ARM rate resets that were going on as well. This seemed to be what started us down this slippery slope.

      --
      Sleep: A completely inadequate substitution for Caffeine.
    14. Re:Just like arsenic keeps you healthy by antibryce · · Score: 3, Insightful

      Fannie and Freddie purchased the subprime loans from other lenders, creating a huge market for them overnight. Why not issue a subprime loan if you can turn around and sell it the next day? You keep all the initial fees and assume none of the risk.

    15. Re:Just like arsenic keeps you healthy by furby076 · · Score: 4, Informative

      Agreed. The gov't reduced regulations to give the banks more flexibility - they didn't tell the banks to shoot the country in the foot.

      The banking industry complained regulations were too restrictive and they couldn't get people into homes - so the Clinton administration made it easier by pushing Congress to remove a lot of these regulations. The banking industry, & republicans loved this on a business level (more sales, less rules). The democrats loved this on a "we are helping the little guy buy a home" level. Nothing was wrong with that...except as history has proven over and over and over again if you give people the opportunity they will do whatever it takes to gain power/money even at the expense of other people. There are way too many sales people, and their managers who demand this, who just want to "SELL SELL SELL". How many times have we heard this on tv shows or movies "SELL SELL SELL"...you think that is a myth? It's "SELL no matter what" attitude.

      There is a local jewelry store (been around for over 30 years) in Philadelphia. They have an insane commercial that says "if you really love her, you can't let the economy stop you. Buy her that diamond because if you love her she is worth it and so is that diamond".... as opposed to saying "You want to get married, the economy is tough, we can help you by getting you and affordable ring. Oh and we can upgrade it down the road for you" Again sales people just want to sell and they don't care about you.

      Order of blame:
      Banks who abused the system
      Gov't who didn't monitor the system
      People who got into those stupid loans.

      Why do I put "People" on the bottom of the list? It is similar to the Stanley Milgram experiment. Given an authoratative figure people will do what they are told even if it is known to be wrong. Authoratative figure = real estate agent (with a LICENSE) & mortgage officer (with a LICENSE) in nice suits telling their customers "don't worry we know what we are doing with years of experience and fancy computer programs that say you CAN do this."

      --

      I do not support "The Man". I also do not support your irrational stupidity
    16. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      meanwhile, two Bushes and eight republican-controlled legislatures couldn't lift a finger against those evil time-democrats and their vast control over all future history.

      This is not a "democrats vs republicans" issue.

    17. Re:Just like arsenic keeps you healthy by reidiq · · Score: 1

      >>>Did the government tell them to make the loans?

      As a matter of fact, yes it did. The Democrats pushed through legislation requiring banks to make "no down payment" loans in order to extend housing to as many low-income Americans as possible, and that idiot Bush signed it. (He also signed the stupid anti-bankruptcy law authored by democrat Biden.) So the answer to your question is "yes".

      Mod'ed as a troll? This is fact. Moderators need to do some homework before getting their panties in a bunch.

      --
      Sig? No thanks. I don't smoke.
    18. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      The subprime bubble was created in the 70's by Carter which was strengthened by Clinton and is in no way Bush's fault (he has many but not this).

      This wasn't a 10 year bubble that would have just been a hiccup since it would have only effected GenX buyers but instead it effected long term baby boomers (mostly 2nd cohort's) which was a sh!tload of people.

    19. Re:Just like arsenic keeps you healthy by furby076 · · Score: 5, Insightful
      The CRA wasn't about getting loans to minorities who couldn't afford it; the CRA was about getting loans to minorities who COULD afford it but were being discriminated against. There were many minorities who could afford these loans and were being told they couldn't get the loan on spec. This was sometimes done by unconscious racism or conscious racism by people who didn't want "colored folk" from moving into their community

      Now if some mortgage underwriter took this law to mean "give people who can't afford mortgages a mortgage" or "Hey now i have an excuse to sell an extra mortgage and raise my commission" that is not the fault of the gov't that is the fault of the mortgage underwriter who abused the system (shocker).

      "High risk borrowers" is a very loose statement. It's akin to saying "How much do I love you? I love you THIS much". The science of mortgage lending is more art then science - if you don't believe me speak to someone who is or was in the lending industry...oh wait, you are.
      So before talking about "pesky facts" make sure you don't skew them.

      Not for nothing, this statement...

      The pressure to make more loans to minorities (read: to borrowers with weak credit histories) became relentless.

      ...Is extremely racist.

      --

      I do not support "The Man". I also do not support your irrational stupidity
    20. Re:Just like arsenic keeps you healthy by Ninnle+Labs,+LLC · · Score: 1

      The Democrats pushed through legislation requiring banks to make "no down payment" loans in order to extend housing to as many low-income Americans as possible

      Please cite the bill and the clauses that back up this claim please. No bank was being required to make any loans at all.

    21. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      Obviously, some libtard got some mod points and figured he'd do his best to quell the dissenting voice of truth.

    22. Re:Just like arsenic keeps you healthy by Palshife · · Score: 1

      Just to emphasize the "it's not that simple" angle, read up on the Community Reinvestment Act.

      --
      Attention deficit disorder is a complicated issue, spanning several major... HEY LET'S GO RIDE BIKES!
    23. Re:Just like arsenic keeps you healthy by dkleinsc · · Score: 5, Informative

      First off, your source is not appropriate for a serious argument. It's an op/ed by a columnist with accusations of plagiarism to his name, not a news article.

      The loans that caused the vast majority of the current mess were issued by mortgage brokers (firms like Countrywide Financial, Ameriquest Mortgage, and Ditech), not banks. Brokers are not held to the CRA standards. The idea that the CRA caused this mess has been debunked repeatedly by every study done on the subject. If you want some real sources on this, I'd suggest studies put out by a university, the Federal Reserve, or the US Treasury Department.

      Some real reasons behind the arguments about the CRA:
      1. Banks have hated the CRA for a long time. They were trying to dodge it or get rid of it back in the 1990's as well.
      2. Conservatives oppose most government regulation on principle.
      3. By blaming the CRA, it absolved the bankers of any role in creating the problem.
      4. It creates an image of a foreclosed subprime homes is owned by a black person in a bad urban neighborhood. In reality, the areas with the most subprime loans are in suburbs near LA, San Diego, Denver, and Miami. In short, racism.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    24. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 2, Insightful

      >>>Obviously, some libtard got some mod points and figured he'd do his best to quell the dissenting voice of truth

      But don't you know? Free speech only applies if it's the *correct* speech. If it's not politically correct, then it may be censored.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    25. Re:Just like arsenic keeps you healthy by dslmodem · · Score: 2, Interesting

      I am not sure that your 'facts' are really facts!!!

      > On top of my point, Fannie Mae and Freddie Mac may have been encouraged to lend to lower credit families, but the crisis would have happened even if they didn't exist because the other unregulated institutions went about it with much more gusto.

      This is a big IF. It is not a fact! The fact is that F/F lowered their credit requirement so much that enables others to pursue the aggressive lending practice.

      > Fannie and Freddie's subprime loans were shown to be on the more respectable end as opposed to the other banks who pushed their mortgage brokers to get loans no matter what the risk.

      This is another myth but not fact.

      > The only thing Fannie and Freddie really shows is that the government endorsed the practice, but the fat cats of Wall Street made Fannie and Freddie's bad loans look likes child's play.

      Please update your information. Stop being brainwashed by media. The bailout for F/F will be 400b. It is a big mess larger than all the money to C, BAC, AIG, ... combined. http://sanantonio.bizjournals.com/sanantonio/stories/2009/02/16/daily26.html

      --

      ^(oo)^pig~

    26. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 1

      >>>if some mortgage underwriter took this law to mean "give people who can't afford mortgages a mortgage" that is not the fault of the gov't

      It IS the fault of the government if the politicians unjustly prosecuted various underwriters when they turned-down loans. ("But I did it because he only gets minimum wage!" "No you did it because you're racist; we're dragging you to court.") Other underwriters would observe this, decide it wasn't worth the hassle, and therefore approved risky loans just to stay out of jail.

      This is somewhat similar to how Congress said the Feb 17 to June 12 DTV extension was *optional*, according to the bill, but the FCC said it's not optional - you must first get our approval. There's a difference between what a law says, and how the law is enforced. The CRA was enforced such that innocent people were accused of racism.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    27. Re:Just like arsenic keeps you healthy by 0xdeadbeef · · Score: 1

      Hey, smart guy, why don't you go lookup the percentage of foreclosures on loans that were beneficiaries of that regulation.

    28. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 1

      If she really loved ME, she wouldn't care if I gave her nothing but a house to live in (like my grandpa gave my grandma), without having to bribe her with an expensive & pointless shiny bauble. (Uh oh; here come the angry women)

      >>>Given an authoratative figure people will do what they are told even if it is known to be wrong.

      Well you shouldn't put people on the bottom. You should put them at the top of the list. People need to BE authorities and run their own lives, not let others tell them what to do. I have lots of people telling me everyday, "Buy this; buy that," and I ignore them all because they are just assholes trying to get my money. I am my OWN authority. I don't let anyone else run my life, except me.

      People also need to take responsibility for their acts. If you go out and buy a $30,000 car using half-cash and putting the rest on your credit card, and now suddenly you can't pay that $15,000 credit bill, that's your own dumb fault. You should have bought a smaller car and paid one-hundred percent cash.

      YOU are responsible for your own decisions.
      Stop trying to blame others after the fact.
      That's what children do. You're not a child. Be an adult; tell the suits to "fuck off" and just say no.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    29. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 1

      Right. And the proper way to regulate is put the power in the hands of the People wherever possible. Let them decide. Give them multiple choices.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    30. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      to add malice to injustice, in Italy we were forced to take variable rate mortgages. nobody in his mind would have started a variable rate mortgage when the variable rates were at their lowest, the rates were bound to rise a lot, even without the credit crunch.

      we know this, but nowhere a bank would allow us to take a fixed rate mortgage. we had no choice - the system is structured as this: in Italy banks are aggregated, so you have a single bank with two (or more) societies, one offering variable rates mortgage and the other offering fixed rate, so you couldn't make the consumer association step in and force them to give you a fixed rate option - they have it - but the catch is that the fixed rate society has entry barrier so high that you could not reasonably open a fixed rate mortgage.

    31. Re:Just like arsenic keeps you healthy by furby076 · · Score: 2, Insightful

      It IS the fault of the government if the politicians unjustly prosecuted various underwriters when they turned-down loans. ("But I did it because he only gets minimum wage!" "No you did it because you're racist; we're dragging you to court.") Other underwriters would observe this, decide it wasn't worth the hassle, and therefore approved risky loans just to stay out of jail.

      The fed did not go after folks who rejected one person; they would go after a lending institution that showed a trend. If a bank had a dramatically high rejection of minority loans (compared to non-minority loans for the area) then the fed would look at the bank. The bank could either justify their decisions by showing the reasoning for minority rejections, or the bank could get fined. So if the bank was able to show the declined minority loans were from those who could not afford the loans they wanted or had a terrible credit scores then the bank orgnization was fine. This is not hard to prove: Bank statement showing wage earnings (including job history), credit score, & account history with banks.

      This is one of the reasons why mortgage underwriters are in the back-office of most banks instead of dealing with customers directly. They do this so there can be little argument of racism. Cut the FUD...it wasn't a witch-hunt.

      This has no similarity to do with the DTV extension. Congress realizes this is not optimal, but they are trying to cater to those (typically in lower economic households) who did not get a converter (could not afford it or could not get a device because they ARE sold out).

      --

      I do not support "The Man". I also do not support your irrational stupidity
    32. Re:Just like arsenic keeps you healthy by neomunk · · Score: 1

      Having a post modded down on slashdot is a long LONG way from being "censorship". It's far more akin to being spoken over in a large crowd, but the rules governing acoustics are different (people's volume can be voted on, but can never be taken below a certain threshold).

      Even if CmdrTaco himself were to personally remove your post (not at all what is happening, mind you) it still wouldn't be censorship. It would be exactly like a guy telling you get off his lawn.

      Think a bit before you post something so hyperbolic, claims like yours take the emotional sting out of hearing about actual censorship.

    33. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      Listen to this guy, his /. id number is 652. Woot!

    34. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      2. Conservatives oppose most government regulation on principle.

      They ought to be screaming for more bailout legislation. The status quo won't last through a depression.

      Where's my damn farm-bot and Mr. Fusion, Mr. Obama? Take us away from this scarcity-based economy.

    35. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 0, Troll

      >>>If a bank had a dramatically high rejection of minority loans (compared to non-minority loans for the area) then the fed would look at the bank.

      Which is, by itself, unfair. Minorities typically have less money (for various reasons). The high decline rate is not a race issue, but a financial issue - the loans are high risk.

      >>>The bank could either justify their decisions by showing the reasoning...

      Right, because attorney generals and/or mayors have never prosecuted for the sole reason as to win votes in the upcoming elections. /end sarcasm. Many banks & individuals were drug into court even though they had done nothing wrong, just to "set an example" and "vote for me because I'm standing up for you, the homeowners". This is called corruption, and it doesn't just infect the corporate world, but also the government. It creates a govt-applied pressure to approve loans that never should have been approved.

      >>>DTV..... trying to cater to those (typically in lower economic households) who did not get a converter

      Yu're wrong about being sold out. I just bought 5 of these boxes myself; there's tons of them in stores and online for anyone who desires them. The cheapest is only 40 dollars; who can't afford 40 dollars??? Just skip going to a restaurant this week and next week; done.

      We held up the whole country because just 4% were not ready (source: FCC and Nielsen). That's nuts.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    36. Re:Just like arsenic keeps you healthy by Thaelon · · Score: 1

      Bullcrap.

      At the heart of nearly every human motivation is selfish profit. It's not misanthropy, it's a law of nature.

      Even if they were forced in some situation to lend to people with who would go on to default, the stronger motivator in business is ever profit.

      --

      Question everything

    37. Re:Just like arsenic keeps you healthy by FireStormZ · · Score: 2, Informative

      Well he was wrong about the bill but right about the time.. The mortgage crisis is the fault of government but not just one party..

      http://en.wikipedia.org/wiki/Community_Reinvestment_Act

      The Community Reinvestment Act (or CRA, Pub.L. 95-128, title VIII, 91 Stat. 1147, 12 U.S.C. 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.[1][2][3] Community activists had lobbied the US Congress to pass the Act in order to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining.[4]

      The Act requires the appropriate federal financial supervisory agencies to encourage regulated financial institutions to meet the credit needs of the local communities in which they are chartered, consistent with safe and sound operation. (See full text of Act and current regulations.[1]) To enforce the statute, federal regulatory agencies examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions.[5].

      The original act was put through by carter and the Democrats back in 77' but changes have just made it worse and worse:

      In October 2000, in order to expand the secondary market for affordable community-based mortgages and to increase liquidity for CRA-eligible loans, Fannie Mae committed to purchase and securitize $2 billion of "MyCommunityMortgage" loans.[20][21] **** In November 2000 Fannie Mae announced that the Department of Housing and Urban Development ("HUD") would soon require it to dedicate 50% of its business to low- and moderate-income families." ****

      --
      "Ahh! Arrogance and stupidity in the same package, how efficient of you!" --Londo Molari
    38. Re:Just like arsenic keeps you healthy by furby076 · · Score: 1

      Well you shouldn't put people on the bottom. You should put them at the top of the list. People need to BE authorities and run their own lives, not let others tell them what to do. I have lots of people telling me everyday

      I understand the argument but remember while Milgram's experiment was heinous it was accurate. You also need to remember that while the /. crowd may be fairly knowledgeable (the very nature of the site topics/crowd) most people are not knowledgeable especially when it comes to areas outside their fields. For example - family lawyer...incredibly smart, about 80 years old. I had to TEACH him, last year, how to turn on a computer. He is a genious of a lawyer, but has no clue about computers. Learned, within a few days, how to access e-mail, send e-mail, send attachments. But he needed to be taught - something that not everyone has the luxary of.

      YOU are responsible for your own decisions.

      Absolutely

      Stop trying to blame others after the fact./quote Not trying to but there is more blame then one person and due to experience with sales people, knowing the nature of people I am assigning more blame to the sales person. The authoratative figure with licenses, certifications, "proven track records", happy customer testimonials, etc is in a great position to influence people - especially those who are uninformed. I don't expect Joe construction worker to know how mortages work - I expect him to know how to build a house. He builds my house, he doesn't educate me how to build a house. I sell him a mortgage, I don't educate him how to "build" a mortgage. I expect him to do the best possible job to give me a 100% structurally sound house. He expects me to do the best possible job to give him a 100% structurally sound mortgage. When he fails I sue him, when I fail who does he sue? Oh he is told that he should have known better. Double standard.

      --

      I do not support "The Man". I also do not support your irrational stupidity
    39. Re:Just like arsenic keeps you healthy by magamiako1 · · Score: 1

      How? "give them multiple choices". How exactly do you propose this?

      If the existing companies make the barrier to entry artificially high and in favor of them, how do you "enter" that market?

      Even if you tried to start small and work your way up (like any normal company), the dominant utility could shove you out before you even made a profit.

    40. Re:Just like arsenic keeps you healthy by furby076 · · Score: 1

      Which is, by itself, unfair. Minorities typically have less money (for various reasons). The high decline rate is not a race issue, but a financial issue - the loans are high risk.

      You skipped over a few of my comments which removes the "unfairness". Analyze the following:
      1) "high rejection of minority loans (compared to non-minority loans for the area)." The fed wouldn't compare poor minority person living in the poorest neighborhoods of america to Bill Gate's neighbor. Apples to apples
      2) "The bank could either justify their decisions by showing the reasoning for minority rejections, or the bank could get fined." If you can justify your decisions based on mathematical facts you were correct then the fed would leave you alone.

      As a person who WORKED in banking/mortgages I can tell you for a fact I have never heard of a racism issue in any of the three banks I worked at, in the news, or even the rumor mill. Anectodal, yes, but it still says something about racism. This was not the case in the pre-1980s. Does it happen today, probably, does it happen often no? Want to know why? Because mortgage underwriters make commissions - they want to sell. Also most banks have mortgage underwriters who 1) don't meet the client so don't know the clients race, 2) don't live in the same area and 3) may be minorities themselves. This law came about before the intarweb and big banks were accessible to people in rural areas. When your option was tom's savings and loans or travel 100 miles to bill's savings and loans so your mortgage underwriter was your potential neighbor you didn't have much of an option.

      --

      I do not support "The Man". I also do not support your irrational stupidity
    41. Re:Just like arsenic keeps you healthy by Ninnle+Labs,+LLC · · Score: 1
      I'm sorry, but nothing in that act required any bank to make loans to people. The funny thing is that if you read about the criticisms in that article one of them is that banks were using that act to make predatory loans to people who couldn't even afford the loans they were being given.

      In a 2002 study exploring the relationship between the CRA and lending looked at as predatory, Kathleen C. Engel and Patricia A. McCoy noted that banks could receive CRA credit by lending or brokering loans in lower-income areas that would be considered a risk for ordinary lending practices.

      Hahaha so it looks like contrary to the claim that banks were somehow being unfairly treated by this act, it seems that the reality of it was that banks were using it as a way to scam CRM credits by putting out bad loans intentionally which rides completely contrary to the claims of the GP. Thanks for proving my point.

    42. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 1

      >>>Having a post modded down on slashdot is a long LONG way from being "censorship"

      Anybody's whose post is modded down to (0) or (-1) is invisible to virtually all readers. It might as well be censored. I don't care if you disagree with me, and in fact I welcome disagreement, but I do care about people using their points to make posts invisible. IMHO those posts have been censored.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    43. Re:Just like arsenic keeps you healthy by FireStormZ · · Score: 1

      ** In November 2000 Fannie Mae announced that the Department of Housing and Urban Development ("HUD") would soon require it to dedicate 50% of its business to low- and moderate-income families." ****

      --

      Now guess who the bulk of stuid interest only/ balloon/ ARM loans were going to? 400 Billion to save Fannie may because of *government* policy..

      --
      "Ahh! Arrogance and stupidity in the same package, how efficient of you!" --Londo Molari
    44. Re:Just like arsenic keeps you healthy by despisethesun · · Score: 1

      You're wasting your effort. His mind is made up. If you doubt it, look at his sig.

      --
      This poo is cold.
    45. Re:Just like arsenic keeps you healthy by 5KVGhost · · Score: 1

      No, the original poster was pretty much right. In a healthy market, the search for profit is always balanced by the evaluation of potential risk. You can make money slowly by doing cautious, safe things or make money fast by doing dangerous things.

      The government used its regulatory power to pressure banks into making risky loans, and provided them incentives to do so. Less scrupulous lenders evaluated the situation and lept in with both feet. Many holdouts got a big push when they saw their colleagues dragged into hearings where they were accused of engaging in illegal discrimination. Others were caught in the undertow when the extent of the problem became clear.

      Imagine giving random people root access to your system so they could go in and make sure the access permissions were "fair" to everyone. The results would be about the same.

      The risk/benefit analysis dramatically changes when the government does stupid meddling like this. They reduced risk of bad corporate behavior (by distributing that risk to the rest of us) and increased the risks of responsible corporate behavior.

      Most bank managers aren't evil or stupid, and the dangers were pointed out to congress many, many times over the last few years. But they didn't understand (and/or just didn't care) about the potential problems they were causing. For them, the ends justified the means. And, hey, they can always blame someone else, right?

    46. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 1

      >>>You skipped over a few of my comments..... If you can justify your decisions based on mathematical facts you were correct then the fed would leave you alone.

      And you clearly did not read my WHOLE post, so let me quote the part you missed:

      >>>The bank could either justify their decisions by showing the reasoning...

      Right, because attorney generals and/or mayors have never prosecuted for the sole reason as to win votes in the upcoming elections. /end sarcasm. - Many banks & individuals were drug into court even though they had done nothing wrong, just to "set an example" and "vote for me because I'm standing up for you, the homeowners". This is called corruption, and it doesn't infect just the corporate world, but also the government. It creates a govt-applied pressure to approve loans that never should have been approved.

      >>>Because mortgage underwriters make commissions - they want to sell.

      Not to low-income, high-risk persons they don't. They'd be driving themselves into bankruptcy, and no underwriter is that stupid, unless he's acting in fear that the State AG will toss him in jail.

      >>>As a person who WORKED in banking/mortgages

      Well then you should be extremely-qualified to explain why the housing market collapsed. And don't just say "deregulation did it". I want a specific listing of regs that were abandoned, and HOW those eliminated regs made the artificial bubble happen.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    47. Re:Just like arsenic keeps you healthy by BlueStrat · · Score: 0, Flamebait

      First off, your source is not appropriate for a serious argument. It's an op/ed by a columnist with accusations of plagiarism to his name, not a news article.

      Ah yes, the "personally attack the messenger" tactic. Tell me though, which of the facts stated in the article are wrong, and where are the objective cites? Right.

      The loans that caused the vast majority of the current mess were issued by mortgage brokers (firms like Countrywide Financial, Ameriquest Mortgage, and Ditech), not banks.

      No, many of those loans from banks were sold to those firms as the banks knew they were toxic and it was an out given to them by the CRA and CRA-related legislation and regulations. Banks would quickly sell these mortgages on the secondary market to mortgage lenders like Countrywide, as well as these mortgage lenders' own risky home loans.

      The idea that the CRA caused this mess has been debunked repeatedly by every study done on the subject. If you want some real sources on this, I'd suggest studies put out by a university, the Federal Reserve, or the US Treasury Department.

      You're going to cite liberal and left-leaning sources that have a clear bias towards the Democrat/liberal agenda like the Center For Community Capital, and the Federal Reserve & U.S. Treasury Dept. which have strong political reasons to cover their butts for their roles, not to mention to not garner the wrath of Democrats? Fail.

      The rest of your rant is hand-waving and typical playing of the race card as was done by Democrats in Congress to force the housing market into this crisis in the first place.

      Your debunking has been debunked. Every time government sticks its' fingers into financial matters to try to equalize outcomes it ends up in disaster. Like it or not, poor people cannot afford to own a home. Many minorities are poor, so many minorities cannot afford a home. Rather than try to grow the economy by lowering taxes and regulations so more people, including minorities, prosper, the government attempted to ignore the reality that poor people, of which minorities are a large percentage, simply cannot afford to purchase a home.

      Now that the financial chickens are coming home to roost, those politicians and their ideological supporters are scrambling to assign blame to anyone or anything but themselves and their unrealistic liberal/socialist policies that they fought to promote and enforce through the power of government.

      Why is it that rather than allowing people the freedom so that everyone has the opportunity to raise themselves up (and yes, being a freedom rather than a decree, some may not choose wisely and fail..oh noes!) those on the left would rather lower everyone to an equal level of misery? Why are liberals so cruel?

      Strat

      --
      Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
    48. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      you have a fundamental misunderstanding of what he means by regulation...regulation is not forcing banks to make bad loans...you've got to be kidding.
      this should be marked "troll"

    49. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 1

      >>>Milgram's experiment was heinous it was accurate.

      He used a bunch of people with little education and below-average IQs. Hardly an accurate experiement, since it was not representative of the population as a whole.

      >>>I am assigning more blame to the sales person.

      Most sales people are idiots who were just trained yesterday, or last week, and now they're pretending to be experts. I don't listen to a word they say, in regards to giving advice. Neither should you.

      >>>when I fail to give 100% sound mortgage, who does he sue? Oh he is told that he should have known better. Double standard.

      Not really. Borrowing money is not rocket science. It's easy to understand, "Yes I have money to get a $200,000 house" or "No I don't." And if you're not sure, then it's better to walk away, even if the salesass is begging to sell you the home. The salesass is a stranger to you and you owe him NOTHING.

      One of my black friends almost bought a $400,000 home, but when he saw the monthly payment he walked away, because he knew he couldn't afford it. That's what people need to do.

      Anyway-

      I think you're just yet another one of those damn Socialist-democrats who think, "Americans are too dumb to run their own lives, therefore they need government to run it for them," and I am sick and tired of hearing that shit. I am a highly intelligent person who can run his own life, so stop treating me like I'm a child and the U.S. Congress is my mommy/daddy.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    50. Re:Just like arsenic keeps you healthy by risingfish · · Score: 1

      Anytime an article uses the terms such as "left-wing activists" or "right-wing activists", it will be immediately disregarded and ignored due to political bias and hidden agendas. But that's just my 2 cents.

    51. Re:Just like arsenic keeps you healthy by commodore64_love · · Score: 1

      >>>How? "give them multiple choices". How exactly do you propose this?

      Well if your currently govt-licensed monopoly is Comcast, then you nullify that license, and that opens-up the ability for other megacorps like Verizon, Cox, and Time-Warner to build cable networks in parallel to Comcast. In fact, that's basically what's happening now with FiOS lines, which are placed parallel to the existing RF cables.

      --
      "I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
    52. Re:Just like arsenic keeps you healthy by hwyhobo · · Score: 1

      We need to let nature takes it course & release energy in small amounts, else it will release the energy in one huge burst of destruction.

      Pity I cannot mod you. That quote is the essence of the matter.

      Why do some people refuse to understand that routine corrections/recessions are good for the market and the economy?

      --
      End anonymous moderation and posting on /.
    53. Re:Just like arsenic keeps you healthy by Workaphobia · · Score: 1

      Dude, when even Alan Greenspan says he was wrong about the free market, you know your position's compromised.

      Banks weren't forced to make bad loans in order to get homeless people off the streets. I don't know where you heard that idea. Banks *wanted* to make horrible loans to idiots who couldn't afford them, because they knew they would have to foreclose. The bank then gets both the payments thus far and the house, which of course is now worth even more because, you know, home values can only go up.

      The problem was that each individual company was allowed to act in a destructive manner (both for idiotic home buyers and the economy as a whole) in order to obtain short term gain at incredible levels of risk.

      --
      Evidently, the key to understanding recursion is to begin by understanding recursion. The rest is easy.
    54. Re:Just like arsenic keeps you healthy by 99BottlesOfBeerInMyF · · Score: 2, Insightful

      Regulation is what CREATED this crisis.

      You then go on to explain how the government actions made the crisis worse, but don't explain how they created it.

      The truth is, the government did create the crisis by rearranging the tax burden such that taxes on the high end did not compensate for wealth condensation resulting in runaway wealth disparity. Then they prolonged the problem by promoting unsafe lending, but they didn't need to do a lot because the banks were running out of people to loan to since half the country no longer had any net wealth.

      We need to stop acting like we can control things.

      But we can control a lot of things and have to the benefit of mankind. The problem is when the control is directed by a few for their own benefit instead of the benefit of all.

      Yes this applies to markets, because they too follow natural rhythms. What would have been a minor recession in 2000-1 is now turning into a depression...

      What causes a depression is not lack of wealth, but lack of stability. Stability fails when wealth disparity is too high because most people can no longer be strategic in spending. It's what happened during the great depression too. To solve the problem we need tax reform not deregulation. All deregulation does is allow wealth disparity to be leveraged more effectively to make the problem worse. Ideally it is not needed, but we don't live in an ideal world. Deregulation is part of what made this economic crisis as bad as it is.

    55. Re:Just like arsenic keeps you healthy by beathach · · Score: 1

      The Democrats pushed through legislation requiring banks to make "no down payment" loans in order to extend housing to as many low-income Americans as possible, and that idiot Bush signed it.

      Well I would possibly buy this if not for a couple incongruencies:
      1. No legislation required the realtors to deliberately lie to people about how much house they could afford.
      2. The bankers and Wall Street managers deliberately lied about the value of these mortgage-based assets, in order to multiply their personal wealth by repackaging and reselling those assets.
      If in the course of business, you lie to make money, essentially commit fraud, the "evil liberals made me do it" excuse does not fly. Looks to me more like greedy short-sighted people taking advantage of well-meaning legislation, which should have been better written to prevent that sort of thing, or not passed at all.

    56. Re:Just like arsenic keeps you healthy by dkleinsc · · Score: 1

      Your darn right I attacked your source. Not as necessarily wrong, merely as completely unqualified to make a judgment about whether subprime mortgage lending was caused by the CRA and showing all the signs of being a partisan hack. You'd be right to attack me in the same way if I started citing Rachel Maddow or Keith Olberman.

      What would you consider to be an unbiased source, if we're ruling out government and academic studies? I mistook the Federal Reserve, run for the last 20 years by Alan Greenspan and Ben Bernanke (appointed by Reagan and George W Bush respectively), as a source with either no political agenda or a slightly conservative agenda (given the ideology of its leadership) rather than the bastion of socialism that you claim it is.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    57. Re:Just like arsenic keeps you healthy by hwyhobo · · Score: 1

      I don't know where you heard that idea.

      I worked in it.

      Banks *wanted* to make horrible loans to idiots who couldn't afford them, because they knew they would have to foreclose. The bank then gets both the payments thus far and the house

      Banks were not and are not set up to be property owners or managers. Banks are in the business of lending money. Foreclosing a property, maintaining it, repairing it (many foreclosed properties are in bad shape), and then selling it costs tons of money. Each foreclosure is a potential loss. Besides, banks cannot just keep the profit off the sale if they do manage to sell for more. They can only offset their costs and the loan.

      --
      End anonymous moderation and posting on /.
    58. Re:Just like arsenic keeps you healthy by Ninnle+Labs,+LLC · · Score: 1

      We were talking about private banks being forced to make bad loans not what Fannie/Freddie were doing. No where in the act did it require any private bank to give out the loans they did and as I quoted those same private banks were making intentionally bad loans in order to game the system created by the CRA.

    59. Re:Just like arsenic keeps you healthy by Ninnle+Labs,+LLC · · Score: 1

      And just to further add, Fannie Mae and Freddie Mac are not banks and as such your attempt at a rebuttal of my asking for where the bill required banks to give out loans fails even harder. Fannie and Freddie were corporations who bought and securitized mortgages that banks made.

    60. Re:Just like arsenic keeps you healthy by theaveng · · Score: 1

      >>>>>Regulation is what CREATED this crisis.

      >>You then go on to explain how the government actions made the crisis worse, but don't explain how they created it.

      Yet another idiot who doesn't know how to read: "The government used regulation of the loan/credit market (i.e. constantly lowering interest rates) to create a humongous bubble. If government had not done that, the housing/credit bubble would have burst back in 2000-1, and it would have been painful, but it would have only been a minor flooding not a tidal wave (in terms of impact)."

      BTW:

      If our government ever becomes 100% Socialist, such that Congress cares for us like children from cradle-to-grave, I'm going to just stop working. Why bother working when I can live on the very-profitable Welfare state for the rest of my life, like a parasite?

      --
      FOX NEWS.com should be BANNED from television and internet. Have the Congress take it over and give us Truespeak.
    61. Re:Just like arsenic keeps you healthy by 99BottlesOfBeerInMyF · · Score: 1

      Yet another idiot who doesn't know how to read...

      Does calling people idiots make you feel smarter? You don't seem particularly intelligent. The section you repeat explains how the housing bubble was extended. That does not explain how the housing bubble was created and burst nor why the whole thing is happening and not just in housing but in dozens of other markets. You're talking about how one symptom was made worse and you think that explains the whole of why we have an economic crisis? Way to put on the blinders genius.

      If our government ever becomes 100% Socialist...

      Nice straw man. Our government will never go 100% socialist. It is practically impossible. We'll always be a blend of communism, socialism, and capitalism just like every economy. The issue is the balance of those methods.

      Why bother working when I can live on the very-profitable Welfare state for the rest of my life, like a parasite?

      If the only reason you work is because of the money, you chose the wrong profession. On average we spend a third of our lives working. Pick a career in something you enjoy doing, even if it pays less.

    62. Re:Just like arsenic keeps you healthy by dkleinsc · · Score: 1

      Think that's pretty much everyone at that point, so lets enjoy our cough syrup with codeine because there's really no other way around it.

      No, your list does in fact leave out 2 quite large groups of people:
      1. renters who work in non-financial industries. (at least half of the US population)
      2. renters who work in the financial industry but have no authority over mortgages (e.g. tellers)

      Those people can reasonably argue that they had nothing to do with this mess.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    63. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      GPP is a jackass who has been corrected here quite often. Ignore him; don't bother trying to educate him, just get on with your life.

    64. Re:Just like arsenic keeps you healthy by PriceIke · · Score: 1

      I don't have to take it. I DON'T own a home.

      I'm in my mid-thirties and I make roughly 60K a year in a smallish (100,000 people) midwestern community. I have ample means and opportunity to buy property--real estate is very affordable here--but at this point in my life I DO NOT WANT TO.

      I have graduate school to pay off and a few other minor debts to take care of, and a massive mortgage responsibility is something I'd rather not carry at this point. Maybe when I'm 40. Maybe when I'm married and we have two incomes to budget with. Not now.

      So I take exception to your insistence that I am at fault too in this .. I have my own ideas about who is to blame, from my understanding of the situation, but I can very safely assert that *I* was not among the stupid and irresponsible parties who share the blame for the current economic nightmare that we all share.

      --
      It's not a lie. It's the truth with lossy compression.
    65. Re:Just like arsenic keeps you healthy by FireStormZ · · Score: 1

      When you throw a publicly funded entity like Fannie/Freddie into the mix with sub primes you use the government to move the market. The act use the government to change the market.

      --
      "Ahh! Arrogance and stupidity in the same package, how efficient of you!" --Londo Molari
    66. Re:Just like arsenic keeps you healthy by Qzukk · · Score: 1

      Fannie and Freddie purchased the subprime loans from other lenders

      They may have purchased some, but nowhere near close to a significant amount of them. Otherwise we wouldn't be having people calling for the creation of a "bad bank", they would BE the bad bank.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
    67. Re:Just like arsenic keeps you healthy by furby076 · · Score: 1

      Right, because attorney generals and/or mayors have never prosecuted for the sole reason as to win votes in the upcoming elections. /end sarcasm. - Many banks & individuals were drug into court even though they had done nothing wrong, just to "set an example" and "vote for me because I'm standing up for you, the homeowners". This is called corruption, and it doesn't infect just the corporate world, but also the government. It creates a govt-applied pressure to approve loans that never should have been approved.

      Then we are talking about two completely different issues. You are discussing corruption and I am talking about appropriate laws. Corruption can happen with any law - e.g. criminal court for murder - this does not mean ant-murder laws are wrong. BTW you changed the topic with the above quote.
      In addition, you said I missed your "whole" post but you quoted me? Epic...FAIL....

      Not to low-income, high-risk persons they don't. They'd be driving themselves into bankruptcy, and no underwriter is that stupid, unless he's acting in fear that the State AG will toss him in jail.

      Do you honestly believe that mortgage underwriter X gives a crap if some bank loses money? He cares about his commission.

      Well then you should be extremely-qualified to explain why the housing market collapsed. And don't just say "deregulation did it". I want a specific listing of regs that were abandoned, and HOW those eliminated regs made the artificial bubble happen.

      Quoted for hilarities sake. If you think i am going to spend 2-3 hours doing research for you, especially when you will just slap it with "fud" your insane. The other post was correct - you already made up your mind before you came into the argument.

      --

      I do not support "The Man". I also do not support your irrational stupidity
    68. Re:Just like arsenic keeps you healthy by scot4875 · · Score: 1

      It IS the fault of the government if the politicians unjustly prosecuted various underwriters when they turned-down loans. ("But I did it because he only gets minimum wage!" "No you did it because you're racist; we're dragging you to court.") Other underwriters would observe this, decide it wasn't worth the hassle, and therefore approved risky loans just to stay out of jail.

      Cite a source of this actually happening or we'll all have to continue assuming that you're just talking out your ass.

      --Jeremy

      --
      Jesus was a liberal
    69. Re:Just like arsenic keeps you healthy by furby076 · · Score: 1

      He used a bunch of people with little education and below-average IQs. Hardly an accurate experiement, since it was not representative of the population as a whole.

      How do you know what the education/IQ level of these people were? Do you have evidence to back this up? These are the people hit hardest by the economic downturn. A simple google search states that Milgrim used "ordinary" people.

      Most sales people are idiots who were just trained yesterday, or last week, and now they're pretending to be experts. I don't listen to a word they say, in regards to giving advice. Neither should you.

      Actually most sales people don't go to their clients and say 'I just got this job yesterday'. They do however say they are licensed by the state. Also mortgage underwriters is not an entry level job.

      I think you're just yet another one of those damn Socialist-democrats who think, "Americans are too dumb to run their own lives, therefore they need government to run it for them," and I am sick and tired of hearing that shit. I am a highly intelligent person who can run his own life, so stop treating me like I'm a child and the U.S. Congress is my mommy/daddy.

      Personal attacks - LOVE IT!!! You know nothing about me and yet you attack me. GREAT JOB!! You are still full of EPIC FAIL! Hey, at least you think you are a "highly intelligent person".

      --

      I do not support "The Man". I also do not support your irrational stupidity
    70. Re:Just like arsenic keeps you healthy by Ninnle+Labs,+LLC · · Score: 1

      When you throw a publicly funded entity like Fannie/Freddie into the mix with sub primes you use the government to move the market.

      But the fact that they were told to buy up more mortgages in no way required any bank to give out bad loans. You still have yet to show anywhere in the acts where it states that banks are required in any way to loan people money.

      The act use the government to change the market.

      Yes, all this did was make it so that these private banks intentionally made bad loans because they new Fannie/Freddie would buy them and as such these banks were gaming the system. No where were they required to make any of these loans. I'm still waiting to see a single clause from that act that backs up the statement that saying that the act was "requiring banks to make "no down payment" loans in order to extend housing to as many low-income Americans as possible."

    71. Re:Just like arsenic keeps you healthy by The_R_Meister · · Score: 1

      I'm not sure why you're so hung up on the word required - the government doesn't have to require anything in order to move a market. And once that market's moving, the capitalist system pretty much ensures that everyone's going to jump on board, whether required to or not. In short, I've heard a lot of arguments that the CRA isn't at fault because it didn't hold a gun to anyone's head and force them to issue a bad mortgage ... no, it didn't, but there are a lot more ways to motivate people than guns, so while that statement may be true, it in no way proves that the CRA wasn't at least a contributing factor to the current crisis.

    72. Re:Just like arsenic keeps you healthy by drizek · · Score: 1

      the problem isn't the no-down-payment loans, it is the adjustable rates mortgages that came with them. There are people that are making 2 or 3 grand a month but somehow ended up with a $5k mortgage after the rates skyrocketed. The banks didn't care if these people defaulted on their loans since they could just go and foreclose their houses and sell them at a profit. That all worked fine up until the housing market crashed, then the banks went crying to the government.

    73. Re:Just like arsenic keeps you healthy by Lucid+3ntr0py · · Score: 1

      To a well informed person, presented with a multiple of choices, there are some which fit the task better than others. However to an informed person there are only choices.

      Many of the people who signed these ARMs really had no idea what they were getting into. Commonly people say, "Well that's their own fault for not knowing better" And sure it's easy to say that when you are a person who has the wisdom to know when you don't know - but many people don't. And the bankers knew their clients didn't really get it. They just didn't care.

      If I go to the doctor and he says I need an operation, I can do all the reasearch I want. Get second opinions. But at the end of the day the procedure is up to the doctor's discretion and it is his responsibility to make sure that I am well informed.

    74. Re:Just like arsenic keeps you healthy by Ninnle+Labs,+LLC · · Score: 2, Insightful

      I'm not sure why you're so hung up on the word required - the government doesn't have to require anything in order to move a market.

      Because that was the claim of the person I was originally responding to?

      The Democrats pushed through legislation requiring banks to make "no down payment" loans in order to extend housing to as many low-income Americans as possible

      Did you even bother to read my post that you originally responded to?

      And once that market's moving, the capitalist system pretty much ensures that everyone's going to jump on board, whether required to or not.

      But if they weren't required to make these loans it invalidates all the claims of people saying they were requiring the banks to make these loans.

      In short, I've heard a lot of arguments that the CRA isn't at fault because it didn't hold a gun to anyone's head and force them to issue a bad mortgage ... no, it didn't, but there are a lot more ways to motivate people than guns, so while that statement may be true, it in no way proves that the CRA wasn't at least a contributing factor to the current crisis.

      I don't think anyone is saying CRA didn't contribute to the crisis, I surely didn't. And in fact many studies on this subject show that the loans made due to CRA were actually a minority percentage of all the bad ones. My only point was to ask the person to back up their claims that the CRA did require banks to make these loans which so far no one has been able to do.

    75. Re:Just like arsenic keeps you healthy by B1oodAnge1 · · Score: 1

      A government censors, a private entity merely exerts their own rights to not allow you to use their property as a bull pulpit.

      Your argument is the same as the argument for the The Fairness Doctrine. You have a right to freedom of speech, not a right to be listened to.

      That said, I agree with your original point about regulation causing the loan crisis; I just wish you would avoid making yourself look bad after the fact.

      --
      RUGBYRUGBYRUGBY
    76. Re:Just like arsenic keeps you healthy by tepples · · Score: 1

      cancel the internet & replace it with free dialup

      If you get dial-up, how long will it take you to download a service pack for Windows or upgraded versions of all Ubuntu packages that have been updated in the past year? And what dial-up is free? Even NetZero is $10/mo, plus the price of a land line if you're currently using a VoIP home phone service.

    77. Re:Just like arsenic keeps you healthy by The_R_Meister · · Score: 1

      Did you even bother to read my post that you originally responded to?

      Not really ... this is slashdot. Actually, I was trying to point out that you're trying to invalidate (or so I thought) an entire line of reasoning based on one word which isn't necessarily the key to that line of reasoning.

      if they weren't required to make these loans it invalidates all the claims of people saying they were requiring the banks to make these loans.

      Really NOT - if they were in any way encouraged (intentionally or unintentionally) to make these loans, then the argument of the people saying that the CRA is culpable to a much larger degree than popularly acknowledged may still be a valid argument even though they overstated the strength of one of their premises by using the word required.

      My only point was to ask the person to back up their claims that the CRA did require banks to make these loans which so far no one has been able to do.

      If that's the case, then fair enough, we have no argument. In my experience, most people don't argue that the CRA didn't require the bad loans and then concede that the CRA still contributed in a material way to the housing crisis, which leads me to my final quote (sorry it's out of order):

      And in fact many studies on this subject show that the loans made due to CRA were actually a minority percentage of all the bad ones.

      So the argument is the degree to which the CRA contributed. Most may not say that the CRA didn't contribute at all, but they will say, like this does, that it was a minor contribution. My point is that even if it was a minority percentage, I'm not sure that that percentage couldn't have pushed a larger portion of the bad loans (whether because of a herd mentality or because the bad loans did work ... for a while), and wouldn't have assured the actual issuers of those bad loans that they were good loans at the time ("I heard it was in the law ..."). Like I said, I haven't seen those issues studied (if you have, feel free to correct me), and I'm not sure if they can be quantitatively studied, but I can very easily see a scenario where the damage done by the CRA is much larger than the small percentage of bad loans which it directly encouraged.

    78. Re:Just like arsenic keeps you healthy by sjames · · Score: 1

      So, please tell me how "no down payment" translates to loan anyone anything even if you're pretty sure they can't pay it back (but you're also sure you can sell the debt by mis-representing it as AAA before the borrower defaults.

      Where do you get 'set the borrower up with a time-bomb mortgage that will balloon to unfordable payments in a few years but reassure them that they can refinance before that happens even if they really cant' from "offer no down payment loans"?

      Nobody said they had to give couples who should be looking for a starter house a quarter million dollar no down payment loan for a McMansion instead.

      Those things are what caused the collapse, not the lack of down payments. The bankers have nobody to blame but themselves.

      In a just world, they wouldn't be able to go out in public without drowning in the spittle of disgusted fellow citizens.

    79. Re:Just like arsenic keeps you healthy by Ninnle+Labs,+LLC · · Score: 1

      Really NOT - if they were in any way encouraged (intentionally or unintentionally) to make these loans, then the argument of the people saying that the CRA is culpable to a much larger degree than popularly acknowledged may still be a valid argument even though they overstated the strength of one of their premises by using the word required.

      Sure, the CRA definitely encouraged these banks to game the system cause they knew Fannie and Freddie would buy these loans up. I already admitted this and pointed it out from the quoted wikipedia article under it's "criticisms" section.

      If that's the case, then fair enough, we have no argument. In my experience, most people don't argue that the CRA didn't require the bad loans and then concede that the CRA still contributed in a material way to the housing crisis, which leads me to my final quote (sorry it's out of order):

      Yes, there is no argument that the CRA required anyone to do this but that is what the hardcore right wing people are still claiming to this day as you can see in a number of posts in this thread above. They do this in some attempt to try to act like the banks weren't being greedy and they were just innocent victims of being forced to make bad loans which is not the case in the least. Yes, the CRA did contribute to the banks being stupid because they knew they could sell off the loans, but that was their own greed that came back to the bite them, not some government requirement that they loan out the cash.

      So the argument is the degree to which the CRA contributed. Most may not say that the CRA didn't contribute at all, but they will say, like this does, that it was a minor contribution. My point is that even if it was a minority percentage, I'm not sure that that percentage couldn't have pushed a larger portion of the bad loans (whether because of a herd mentality or because the bad loans did work ... for a while), and wouldn't have assured the actual issuers of those bad loans that they were good loans at the time ("I heard it was in the law ..."). Like I said, I haven't seen those issues studied (if you have, feel free to correct me), and I'm not sure if they can be quantitatively studied, but I can very easily see a scenario where the damage done by the CRA is much larger than the small percentage of bad loans which it directly encouraged.

      On almost all points you make here I totally agree, even the last part where the damage was further increased by the CRA loans due to the reckless actions of Fannie and Freddie. These are indisputable facts. On the other hand, the constant claims that the Democrats were forcing banks to make bad loans to people is unsupported nonsense.

    80. Re:Just like arsenic keeps you healthy by Ardeaem · · Score: 1

      A secondary reason is an unwillingness to sacrifice.

      You have to govern the citizens you have, not the ones that exist in some fantasy world where everyone is rational and moral. When people's greed (both banks and individuals) cause the entire system to meltdown, you can't just say "people need to sacrifice!" That's like saying "People shouldn't murder or steal!" Well, that's true, but people DO. That's why we have laws and regulations.

    81. Re:Just like arsenic keeps you healthy by Uberbah · · Score: 1

      Please explain how forcing banks to make bad loans in the name of "social justice" proves that regulation keeps capitalism from destroying itself.

      Fortunately we don't have to explain any such thing, as you're repeating a well debunked bald faced lie:

      Federal Reserve Board data show that:

              * More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
              * Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
              * Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.

      It was greed and deregulation, not a 30 year old law that prevents banks from denying loans on race, that blew a few hundred billion in mortgages into a credit default swap market larger than the GDP for the entire planet.

    82. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      You haven't debunked a thing; all you've done is say, "Your sources are biased!" Even if that were true, you haven't shown what's wrong with the data that the grandparent's references contain. It is what it is, so unless you can prove otherwise, you remain wrong.

    83. Re:Just like arsenic keeps you healthy by wizardforce · · Score: 1

      the government needs to stop artificially lowering the cost of credit, it subsidizes failing businesses... and they need to stop bailing out said businesses "for the greater good" as obama put it. they're not in business to help you or anyone else and saving these idiots from their failing business practices doesn't help anyone but them. Oh and spending money you don't have is not the way to fix the economy. stealing money from one class of citizens to give to another will not fix the economy. People will spend at least what they really need, there is no good reason to encourage consumption over savings... except maybe to over-use resources, raise prices and benefit otherwise inefficient industries... oh and FDR's policies during the great depression? didn't actually work all that well. Turns out that paying farmers to burn crops and ranchers to slaughter livestock doesn't help the economy. who would have dreamed...? You sir have little understanding of economics nor any understanding of the sheer incompetence and self servitude that exists in government. They are not your friends. They only do what they do because there is a benefit to the politician advocating said vote/position/law.

      --
      Sigs are too short to say anything truly profound so read the above post instead.
    84. Re:Just like arsenic keeps you healthy by HiThere · · Score: 1

      While you have some valid points, it's also true that prior to this many Banks had been discriminating on racial grounds. The response was an overreaction, and it did cause problems, but the original cause was severe.

      I have frequently thought the government made incorrect decisions in attempting to remove racial discrimination. This doesn't mean that I don't recognize the real problems that were, and still are, evident. Solutions, however, are not apparent, and will, at minimum, require studied and nuanced action. Such things don't translate well into political diatribes, so they tend to not get done by legislatures. Bureaucrats can do that, but they've got their own problems. In particular they're rather unresponsive to people with little in the way of power. This is because Bureaucracy is essentially hierarchical.

      I don't know the proper solution. I just know that nothing that's been tried so far is it.

      You can criticize the actions of the Democrats, but at least they tried to help the larger number of people. (I'll agree that the attempts were ill-thoughtout and lead to problems.) The Republicans didn't even adhere to their own party's doctrines. They centralized and grew governmental power rather than reducing it. And they *OH BOY* grew the deficit.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    85. Re:Just like arsenic keeps you healthy by The_R_Meister · · Score: 1

      On almost all points you make here I totally agree

      Looks like I chose the wrong post to pick my argument with :D.

      On the other hand, the constant claims that the Democrats were forcing banks to make bad loans to people is unsupported nonsense.

      As are the claims that it's all the evil banker's faults or all Bush's faults and that the Democrat congress smells like the proverbial rose ... from what I've seen, whose fault it is depends mostly on the political views of the person assigning the blame. I guess I just don't like seeing the crisis used to push the 'regulatory' (currently Democrat) agenda, when "deregulation" per se was not to blame (incorrect regulation, greed, etc, yes, but from what I've seen of government, anything more than a bare minimum of regulation is almost guaranteed to be misguided in some way, likely including any regulations that are pushed through in current wave of "anti-deregulationism") ... and your post seemed like as good a place to vent as any!

    86. Re:Just like arsenic keeps you healthy by bckrispi · · Score: 1

      As a matter of fact, yes it did. The Democrats pushed through legislation requiring banks to make "no down payment" loans in order to extend housing to as many low-income Americans as possible, and that idiot Bush signed it.

      Thanks, I needed a good laugh. Did the government force banks to encourage lenders to borrow substantially more than the house was worth on origination? Were the banks legally obligated to approve home equity loans that were used to fund vacations or car purchases? Were government regulations responsible for the rash of interest-only loans, or loans with balloon payments?

      As much as you want to blame poor people for this crisis, the problem was not that lower income people got loans. The problem was that banks originated loans with irresponsible underwriting. Per the banks own congressional testimony: they would offer an "introductory" rate for a short period. When it expired, I would reset to the normal sub-prime rate. The loan originators would underwrite the applicants for the introductory rate, not the subprime rate!! The banks originated loans that they damn well knew would default once the rate reset. The would pocket the origination fees, bundle the bad loans up with a percentage of good ones, and sell the debt off to some other poor schmuck and wash their hands of the issue.

      --
      Xenon, where's my money? -Borno
    87. Re:Just like arsenic keeps you healthy by magamiako1 · · Score: 1

      But this doesn't stop Comcast from entering a price war in certain areas against Verizon to help stave off defection.

      Also, there's no real way for you to compete in the "free market" when it's dominated by only big players.

      "Free market" works in small town scenarios. You setup a store, I setup a competing store. And we go at it to try and get as many customers as we can.

      As soon as one of those sides becomes "huge multinational corporation", you quickly run into some problems.

      You setup a hotdog stand, they setup a hotdog stand. Their hotdog stand is 1 of 30,000 hotdog stands. My hotdog stand is just my own.

      They can discount their hotdogs, offer sweet deals, invest more money in larger advertising. Give away t-shirts, have a website, sign up sports deals, TV commercials.

      Best you can do is a sign out front saying "GREAT HOTDOGS!" and word of mouth.

      Before you know it, your business is dried up as you operate at a loss--they go on, and their hotdog stand becomes the monopoly.

      We all know monopolies are a problem. They have proven to be. They have proven to be such a problem that we have laws against it.

      There is a reason we have such regulation. Just read a little bit of history.

      I know you may have some weird views about some sort of utopian view about "free market capitalism" with no government intervention...but just look back at history..Bayer invented heroin...Coca Cola used to actually have Coca in it...And these are just two of who thousands of examples of what people were doing to themselves and others during that time.

    88. Re:Just like arsenic keeps you healthy by Grim+Beefer · · Score: 1

      Right...whenever greed fueled economic catastrophe ruins the working class people will always claim it's their own fault for being too stupid. A lot more people than you think "survive" by doing without and still end up on the street.

      Personally, I'd rather do something about the disgusting disparity of wealth and opportunity in our nation than see people stripped to a meager existence. Maybe predatory lending, not homeowner's cellphones, had something to do with this?

    89. Re:Just like arsenic keeps you healthy by Anonymous Coward · · Score: 0

      Talk about strawman: He didn't say the ONLY reason to work is money, but it is the *main* reason for most people. The fraction of people who work for the sheer enjoyment of it is certainly quite small.

    90. Re:Just like arsenic keeps you healthy by 99BottlesOfBeerInMyF · · Score: 1

      Talk about strawman: He didn't say the ONLY reason to work is money, but it is the *main* reason for most people.

      We weren't talking about "most people" but about him. He said he would not work at all in such a case, which I find sad. He's obviously in a job he doesn't enjoy if that is his attitude so I advised him to look for a better career. You don't concur with that advice?

      The fraction of people who work for the sheer enjoyment of it is certainly quite small.

      Of course, nor did I ever imply that extreme socialism would work (in fact I stated pure socialism was impossible) if you actually read my comments.

    91. Re:Just like arsenic keeps you healthy by Ashriel · · Score: 1

      I see them. I'm one of those obsessive people who read every post in a topic, and then refresh to read the ones that popped up while I was reading the first set.

      I see plenty of these die-hard right-wing libertarian posts get modded down here on Slashdot. And really, for good reason. The "free market is always right" and "look towards profit to find the right path" types scare me a little. How can they be that naive? Moreover, these posts offend me: I'm a moderate libertarian (inasmuch as I support any political party), and it's crazies like these guys make me look a little crazy in the eyes of others whenever I describe myself as one.

      I'd really like to see these guys censored - but that's just my opinion, and in my heart I know that censorship is wrong. Modding them "Troll" and "Flamebait" is really the best balance in lieu of a "-1, Loony" tag.

      I suppose there's always hope that these folks actually think they're Republicans (and who knows, maybe they're also fundamentalist nutjobs, making them real extremist Republicans after all). That would be slightly comforting. But not much.

    92. Re:Just like arsenic keeps you healthy by MadMidnightBomber · · Score: 1

      Stuff like this gives me the giggles. Some people here call Europe 'socialist' and then we find out that the USA is doing stuff that would NEVER be considered - in UK at least - because it's a huge distortion of a free market by the state.

      --
      "It doesn't cost enough, and it makes too much sense."
    93. Re:Just like arsenic keeps you healthy by BlueStrat · · Score: 1

      Hmmm. A "Flamebait" mod? I guess politically-motivated moderation is still alive and well.

      Again mods, "I strongly disagree"!=="Flamebait".

      Unless of course there are simply facts that are too unpleasant (or inconvenient for the moderators' political beliefs) to be mentioned on /. .

      --
      Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
    94. Re:Just like arsenic keeps you healthy by hwyhobo · · Score: 1

      Who do you think was buying those subprime loans? Are you laboring under a misapprehension that it was all portfolio lenders? No, it was government-regulated and Barney Frank-blessed and vigorously defended FNMA and FHLMC.

      --
      End anonymous moderation and posting on /.
    95. Re:Just like arsenic keeps you healthy by Abcd1234 · · Score: 1

      It IS the fault of the government if the politicians unjustly prosecuted various underwriters when they turned-down loans. ("But I did it because he only gets minimum wage!" "No you did it because you're racist; we're dragging you to court.") Other underwriters would observe this, decide it wasn't worth the hassle, and therefore approved risky loans just to stay out of jail.

      Yeah... pity that banks beholden to the CRA had a lower average rate of mortgage default than private, non-CRA-regulated banks, thus completely refuting your point.

      Nice try, though.

    96. Re:Just like arsenic keeps you healthy by DJK · · Score: 1

      The idea that the CRA caused this mess has been debunked repeatedly by every study done on the subject. If you want some real sources on this, I'd suggest studies put out by a university, the Federal Reserve, or the US Treasury Department.

      Oh, yeah! _Those_ are impartial sources.

    97. Re:Just like arsenic keeps you healthy by Uberbah · · Score: 1

      What part of "all your talking points just got shot down" are you not understanding? Stop confusing cause with effect already.

    98. Re:Just like arsenic keeps you healthy by hwyhobo · · Score: 1

      I asked you a simple question you can't answer. Then you make some nonsensical statements about cause and effect, and decide you won. Right. Too bad we all lose.

      --
      End anonymous moderation and posting on /.
  8. The inevitable car analogy by jlmale0 · · Score: 4, Interesting

    While that is a particularly emotional analogy, it's far from a perfect fit. In the naive case, proponents of tiered service argue that the internet is just a bunch of roads (sorry, not pipes in this case). And while we all get to ride cars, some people are in fire engines and ambulances. Voice traffic gets to be so blessed because it can be used for 911 calls.

    Implementation is, of course, another matter entirely, and I do not pretend that it will only be restricted to voice or 'necessary' services. But calling tiered service 'discriminatory' or 'racist' is fallacious and needlessly confuses the issue.

    1. Re:The inevitable car analogy by slimjim8094 · · Score: 1

      Those of us in ambulances don't magically get the road. Everybody is so important that they can't be bothered to pull over, even with the airhorn.

      VoIP is more like a HOV/carpool lane. Nobody is against QoS, but net neutrality isn't about no QoS. It's about no discrimination based on source or destination.

      You aren't going to find any serious people wanting their BitTorrent running at the same high priority as VoIP. In any case, properly set-up QoS won't affect most people ever, even the torrenters. Just at high load.

      --
      I have developed a truly marvelous proof of this comment, which this signature is too narrow to contain.
    2. Re:The inevitable car analogy by Anonymous Coward · · Score: 0

      By your logic, it would be legal for government (those that supply the roads) to tell me I can't drive a big'ol SUV, because it's takes up too much space. Even better, they do it on a toll-road, that I specifically paid to use.

      Ignoring the other issues surrounding SUVs, that's just plain stupid.

      Why do people always come up with analogies that prove their side of the argument, but are in no way representative of the actual case.

      Analogy fail. Just give up on them people.

    3. Re:The inevitable car analogy by fulldecent · · Score: 1

      Fire engines and ambulances are authorized by the state and used only for emergency purposes.

      "High speed lanes" on the internet are authorized by all-too-power ISPs for anti-competitive purposes.

      --

      -- I was raised on the command line, bitch

    4. Re:The inevitable car analogy by Anonymous Coward · · Score: 0

      Will people stop modding these idiots up? They're just going to confuse more people.

      Net neutrality IS NOT QoS!!

      The GPs analogy is accurate, net non-neutrality is discrimination.

  9. if it weren't for the manufactured 'weather' by Anonymous Coward · · Score: 0

    the 'hard times' would be easier to negotiate, presently?

    we know you are trying hard mr. obama. continued God's speed to you sir. you can do this thing, don't get caught up in the hoopla.

  10. Pardon my cynicism, but.... by drdanny_orig · · Score: 1, Insightful

    ...it's just a matter of time before he caves to lobbyist $$$.

    --
    .nosig
    1. Re:Pardon my cynicism, but.... by drdanny_orig · · Score: 1

      Hey! Cynicism != trolldom, dammit!

      --
      .nosig
  11. Re:[CITATION NEEDED] by wisty · · Score: 3, Informative

    Food and drug labeling laws made companies actually research drugs, instead of just giving mothers laudanum (opium and alcohol) to treat teething infants. Very effective - they behaved like angels. Until the stuff wore off.

  12. What's in it for me? by drewvr6 · · Score: 3, Funny

    I just want to know; can I sue if my 911 call is delayed due to my downloading of porn while engaged in asphyxiation-heightened auto-erotica?

    --
    Now we see the violence inherent in the system.
    1. Re:What's in it for me? by freedom_india · · Score: 1

      If your traditional landline is busy because you are listening to $6/min porn AND you want to dial 911 because you ate too much viagra, then you can't sue Comcast/Verizon because of your stupidity.

      --
      "Doing what i can, with what i have." ~ Burt Gummer
    2. Re:What's in it for me? by furby076 · · Score: 1

      You can sue for anything, and you can win for almost anything. Sue away. Btw, when you are ready to sue I know a good lawyer. And even if you don't sue, and you are interested in pursuing more kinky fetish stuff...call me

      --

      I do not support "The Man". I also do not support your irrational stupidity
    3. Re:What's in it for me? by fm6 · · Score: 0, Troll

      You can sue for anything. The hard part is finding a jury that can get past the initial "EEEEWWW!"

    4. Re:What's in it for me? by fm6 · · Score: 1

      Another "troll" mod that has me scratching my head. Not because it's unfair (long since given up caring about that), but because it's strange. Here's another example:

      http://slashdot.org/comments.pl?sid=1148821&cid=27066447

      Pudge, are you abusing your editor infinite mod points again? Perhaps taking revenge for my outing your sockpuppets? If so, you really need help!

    5. Re:What's in it for me? by shutdown+-p+now · · Score: 1

      I just want to know; can I sue ...

      The rest of your question is irrelevant, so long as you're in the USA. The answer is "yes".

  13. Huh?? by agorist_apostle · · Score: 3, Interesting

    Why does anyone think a Net Neutrality bill wouldn't come with a couple of hundred billion more in spending for special interests, some new regulations mandating national content filtering, maybe even taxing E-mail and so on...just sayin'..

    1. Re:Huh?? by evanbd · · Score: 2, Funny

      Because most bills don't come with a couple hundred billion in extra spending. You're off by at least a couple orders of magnitude.

    2. Re:Huh?? by MrMista_B · · Score: 2, Insightful

      Why does anyone think it would?

  14. Re:something they forgot... by magamiako1 · · Score: 2, Informative

    How do you go from "plenty of democrats are opposed to net neutrality" and then turn and say "it's a very liberal agenda"?

    I'm not quite sure how you are able to make that statement.

    I'm a very liberal person, and I 100% support network neutrality. The idea of networks not being neutral has far reaching implications to our information structure that isn't just about piracy.

    We are already seeing the "market" trying to cap internet growth. With recent caps instituted by Comcast and other cable operators, we're seeing competition (in the form of internet streaming services) being held down.

    If Comcast could get away with it, they would just charge you extra money for "high bandwidth use" (internet streaming). This cap is their way of instituting this functionality without actually coming out and saying it directly.

    Furthermore, what they really want to do is charge the providers of these services. So while Comcast charges its customers, and say, AT&T charges its customers. Comcast wants to charge AT&T's customers to have "priority" bandwidth on their network. And that's where the idea of "network neutrality" comes into play. That all data should be treated equally, rather than separately on tiers.

    So this way, Comcast would charge netflix to deliver "priority" packets to Comcast's customers. Netflix's ISP would charge Netflix to have any access to the internet at all. Comcast would charge its users for access to the internet, and then again charge its users for "priority" access to netflix.

  15. The ironing is delicious...and retarded by Munpe+Q · · Score: 1, Troll

    I'm quite possibly retarded this morning, isn't this an oxymoron (no, not me) : "Net neutrality regulations" And speaking of retarded, let's have the FNG @ the FCC have to turn around and battle fellow dem's on net neutrality. Can you say Diane Feinstein retardedness. Retarded I say. Retardingly retarded.

    1. Re:The ironing is delicious...and retarded by furby076 · · Score: 1

      Yes you need regulation to prevent regulation. Sounds dumb but it makes sense. If you have no laws about it the companies will do it anyhow. They will implement whatever they want...and why not, there are no laws around it. So if you want to prevent a company from throtteling services and charging tiered rates, and other fun stuff then you need to make regulations preventing that.

      --

      I do not support "The Man". I also do not support your irrational stupidity
  16. In otherwords by jgtg32a · · Score: 2, Insightful

    So its a completely BS and loaded term, like fair, that can be used to side step the actual debate?

    Lets try to make intelligent arguments. Please leave these kind of arguments for the politicians.

  17. Re:something they forgot... by freedom_india · · Score: 1

    plenty of democrats are opposed to net neutrality.

    Name them.

    Hollywood is opposed to net neutrality.

    Proof?

    It's not a liberal agenda persay, it's a really liberal agenda.

    So?

    --
    "Doing what i can, with what i have." ~ Burt Gummer
  18. Did he pay his taxes? by hicks107 · · Score: 0

    I wonder if he pays his taxes...

  19. Re:[CITATION NEEDED] by Xtravar · · Score: 2, Interesting

    That was before our litigious society and the internet. Society has changed a lot since those days. I like to think that a self-regulating body would come about if we abolished the FDA. Much like the ESRB came about because they didn't want government interference - and they now are arguably stricter than the gov would have been with their ratings.

    Don't get me wrong, I think plenty of people would try to circumvent the private 'FDA' association and buy non-label products... but I think they would be hard to find with such high chance of litigation. Stores wouldn't carry them. People should have the freedom to use unsafe products if they really want to. I wouldn't deny people a proven safe channel, either, though.

    Additionally, with so much information at one's fingertips nowadays, there's no reason why people shouldn't be researching drugs they put into themselves. Doctors often don't know what they're talking about - they just care about getting you out of their office. It's really the pharmacists who know their shit, and even then I wouldn't trust them 100%.

    --
    Buckle your ROFL belt, we're in for some LOLs.
  20. Re:[CITATION NEEDED] by jgtg32a · · Score: 1

    While that is very true that has nothing to do with capitalism destroying itself.

  21. The Correct Post Office Analogy by ObsessiveMathsFreak · · Score: 5, Interesting

    The internet is not and never has been a bunch of "roads". The internet is a series of interconnected post offices. Sure, there are "roads", the fibre and wires and cables that carry signals. But that's not what the internet is, just like the roads and the warehouses and the green vans are not what the post office is. The post office is a service that delivers post.

    When I subscribe to an ISP, I am not paying to drive on their "information superhighway". I am paying them to deliver packets from to other IP addresses, and to deliver packets from other IP addresses to me. This is the internet. This is the way it has always been and this is the way it is as it scales upwards from users to ISPs, to Telcos.

    Now big Telcos want to turn around to companies like Google and Twitter who are making money and charge them more for deliveries simply because they are deemed able to afford it. In addition, they also want to charge you more for delivering your packets to and from these companies sites. This is bullshit and everyone with half a brain knows that it cannot be allowed to stand.

    When I pay for a stamp and post my letter, I don't expect the post office to turn around and say; "Oh, you're sending correspondence to your great uncle? Suit you sir. But I'm afraid that will cost you a bit extra owing to the fact that your great uncle is a man of some means. You'll have to buy a special stamp." Or "Hmmm sir. It seems your business made quite a lot of money last year, and management feels you can afford to pay an extra few pence for deliveries." Is this acceptable? Can anyone justify that?

    And don't give me bullshit about "international stamps, etc". That's not what this is about. True, bandwidth corresponds to charging by weight, but on the internet, there are no foreign countries. Every computer is a local one. If you want to separate sites in Europe from one in the States then you may as well just shut the whole network down altogether, because you will have irreparably broken it.

    Can anyone give one morsel of justification for why delivering my packets to google.com should cost more or less than delivering to slashdot.org? Do I give a flying fiddlers what kind of "tubes" were used to send them? Do I weep for the packets waiting milliseconds in the queue while mine is processed? Do I contemplate the strain on networks caused by shameless charlatans like myself who actually use the bandwidth they paid for? No, because the whole point of a post office is that I don't have to care how you get my letter there, I just pay you to do it.

    Packets are packets are packets. IPs are IPS are IPs. Data is Data is Data. There are no tubes, no roads, no cars, no tiers, no premium IPs or domain names. Net neutrality is the only sane answer.

    --
    May the Maths Be with you!
    1. Re:The Correct Post Office Analogy by Jaeph · · Score: 1

      "Packets are packets are packets. IPs are IPS are IPs. Data is Data is Data. There are no tubes, no roads, no cars, no tiers, no premium IPs or domain names. Net neutrality is the only sane answer."

      So when emergency call is held up because WOW released the latest patch and everyone in my neighborhood is downloading will you still feel the same way?

      How about if there is a disaster? Can I prioritize connections to the local hospitals, fire depts, police, etc ahead of residential?

      Sorry, but if this stuff is public, then the public necessarily *should* be deciding which packets are the most important.

      -Jeff

      --
      Please learn the difference between a dissenting opinion and a troll before you moderate.
    2. Re:The Correct Post Office Analogy by Anonymous Coward · · Score: 0

      Which ISPs, exactly, are attempting to do this?

    3. Re:The Correct Post Office Analogy by jez9999 · · Score: 1

      And don't give me bullshit about "international stamps, etc". That's not what this is about. True, bandwidth corresponds to charging by weight, but on the internet, there are no foreign countries. Every computer is a local one. If you want to separate sites in Europe from one in the States then you may as well just shut the whole network down altogether, because you will have irreparably broken it.

      This disagrees with you.

    4. Re:The Correct Post Office Analogy by Qzukk · · Score: 3, Insightful

      So when emergency call is held up because WOW released the latest patch and everyone in my neighborhood is downloading will you still feel the same way?

      I hope you're using the ISP's own VoIP offering to make that call, it'd be terrible if something happened to your emergency call via Vonage.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
    5. Re:The Correct Post Office Analogy by Ghubi · · Score: 1

      Exactly, the nerve of those post office jerks! Charging more for Express mail and priority mail than first class mail. Giving preferred treatment to those elitist Fedex users. They're reducing competition by creating barriers to entry. Ultimately this just leads to higher shipping cost for consumers.

  22. Replace ISPs with wireless peer-to-peer by chadplusplus · · Score: 2, Interesting

    I was wondering what you all thought of this idea and what the feasibility of it would be:

    If I can see my neighbor's wireless hub, and he can see the next neighbor's down the street, and he can see the next neighbor's further down, aren't we getting to the point where we can begin decentralizing the internet from the handful of ISPs? IIRC, the early internet was basically a system of interconnected switches. By interconnecting our own personal wireless hubs, we can begin recreating the internet at a grassroots level. While not perfectly protected from government interference, it helps isolate it more. International communications would be compromised, but perhaps someone could come up with a similar solution therefor. Its not perfect yet, as not everyone is within range of their neighbor's system, so we would still need regional wireless providers in rural areas.

    But it seems that we're almost getting to a point where, if we approach it correctly, we can completely get around ISPs or at least drastically reduce their control over OUR internet.

    1. Re:Replace ISPs with wireless peer-to-peer by frith01 · · Score: 1

      Welcome to the world of latency ( slow to process). What you are describing is a mesh network, and has already been implemented in some places, but it is limited by the reliability / capacity of your neighbors equipment. Just trying to keep track of the fastest path to a destination will generate a lot of traffic on the mesh.

      If the homes were all fiber inter-connected, then you might have a possibility of a solution, but wireless mesh network ( without a lot of main link nodes) is a very painful online experience.

  23. Re:something they forgot... by DragonTHC · · Score: 2, Insightful

    Feinstein, Biden, Boucher just to name a few.

    Proof: DRM

    So, everyone is making it seem like it's only republicans against Net Neutrality.

    --
    They're using their grammar skills there.
  24. Madstork91 by Anonymous Coward · · Score: 0

    I didn't know, and never thought, that there were so many conservatives on slashdot.

    And yes, that means that when it comes gov regulation, and fiscal policy, you are not a democrat, but a republican.

    Enjoy.

  25. Finally some diversity! by Anonymous Coward · · Score: 0

    You wouldn't STEAL a post office!

  26. Re:[CITATION NEEDED] by flitty · · Score: 3, Insightful

    I like to think that a self-regulating body would come about if we abolished the FDA.

    Lets take a recent example. How did Mortgage backed investments get so overvalued and rated at AAA status, even though by all accounts they were overvalued and overrated. Oh yeah, it's because the rating agency was unregulated and was Paid based on the rating they gave the investment.

    People should have the freedom to use unsafe products if they really want to.

    Thanks, you just killed my neice and nephew who are allergic to peanuts. If the peanut recall that spread for weeks and weeks taught us anything, it's that we aren't buying directly from the local guy anymore. Suppliers barely know where their supplies come from, or where their suppliers get their supplies from. Also, without a regulatory agency that is impartial and looking out for the consumer, cost is the only thing that rules. A milk company could use melamine for months, paying off the "self-regulators" until the "good milk" suppliers are driven out of business, because their milk costs more. Then we are left with a cheap substitute for milk that is harmful. I'm simplifying here, but when it comes to Food, I really really appreciate an outside group verifying that my food isn't full of harmful substances.

    --
    Whether or not there is some sort of god, I'm not supposed to say/god is a word and the argument ends there-Smog
  27. Let's hope he paid his taxes ... by meist3r · · Score: 1

    for one.

  28. bit torrent is not evil... ceos are by Anonymous Coward · · Score: 0

    hey guys i made this (game/movie/mod/linux distro/you get the point) but i dont have a lot of money to host it myself so i am going to torrent it so people can download it. oh wait i cant because torrenting is for criminal people that dont pay greedy ceo's their money(wich they dont have a shortage off).

    bit torrent shoudnt be blocked piracy is not ruining artist i know artist that are still around because of piracy and that exist because of it. hell i know artist that give world tours and they give interviews on website wich host their pirated content why because that's how they get people to know them.

  29. ask the peanut salmonella victims by Anonymous Coward · · Score: 0

    perhaps you should write less, and read more

    1. Re:ask the peanut salmonella victims by DrLang21 · · Score: 1, Insightful

      Yes because clearly the peanut salmonella incident could have been prevented if we had some federal agency tasked with regulating the food and drug supply for safety. Clearly.

      --
      I see the glass as full with a FoS of 2.
    2. Re:ask the peanut salmonella victims by Anonymous Coward · · Score: 0

      I think flitty's point was that because of the following:
      the person you buy your food from (giant/safeway...) doesn't really have an idea of where their supplier gets the food (china, or locally)
      the conditions the food was prepared and packaged in
      and as the middle man basically doesn't care

      A group like the FDA needs to exist to track problems arising from food/drugs and reduce the impact of outbreaks/epidemics.

  30. more empty words by Anonymous Coward · · Score: 0

    Putting in an avowed "net neutrality" advocate is a meaningless gesture. To a politician, "net neutrality" means whatever he wants it to mean. People who hear it assume that the politico agrees with them about what it means.

    Just like the rest of Obama's empty rhetoric.

  31. Pesky Facts Indeed by namespan · · Score: 1

    "Federal Reserve Board data show that:

    *More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
    *Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
    *Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics."

    http://www.mcclatchydc.com/251/story/53802.html

    It doesn't take much poking around to see some serious holes poked in the idea that the CRA caused this mess:

    http://www.ptmortgage.com/blog/2008/10/01/pointing-fingers-was-it-cra-and-minority-lending-that-caused-the-mortgage-mess/
    http://debatebothsides.com/showthread.php?t=73500
    http://www.prospect.org/cs/articles?article=did_liberals_cause_the_subprime_crisis
    http://www.frbsf.org/news/speeches/2008/0331.html

    But, let's not get those pesky facts get in the way, shall we?

    --
    Libertarianism is rich wolves and poor sheep playing gambler's ruin for dinner.
  32. Veriza the Hutt... by geekmux · · Score: 1

    The carriers can "compete" using their own money. Not with public funds.

    You say "carriers" like it's a plural thing.

    Oh, you must have meant me, myself, and I...

    Respectfully,

    - Verizon

    1. Re:Veriza the Hutt... by Ashriel · · Score: 1

      I get my DSL from Fairpoint now.

      I want Verizon back. Their customer service department was much easier to deal with, and their billing department seemed to understand me (like the fact that I pay for 4-5 months at a time every 4-5 months, regardless of what their billing due date is).

  33. News vs editorial by Roadkills-R-Us · · Score: 2, Insightful

    I'm disgusted by the blurb for this one. Since it's supposed to be news, not editorial, can we do away with the slant? That's one of the reasons I gave up on mainstream media long ago, most of them write editorial commentary and call it news.

    "...opposed by some conservatives and telecommunications providers..."

    And supported by plenty of conservatives as well.

  34. Un regulated banks, santa claus, and easter bunny by gryf · · Score: 1

    There's NO such thing as an unregulated bank. There's no industry as regulated as banking is, not even food. The federal government has tried regulating banks to provide the american dream since Hoover and the more they meddle the more recessions we get.

    --

    #-#
    Ad Astra Per Aspera
    A rough road leads to the stars
  35. GET THIS by unity100 · · Score: 1

    REGULATION = RULES AND LAWS to ensure laws that there happens a FREE MARKET.

    deregulation = madoff, stanford, AIG, Merril Lynch et al

  36. GET THIS IN YOUR HEADS by unity100 · · Score: 1

    Economy and business are social aspects of life. In ANY social aspect of life, there happens to be exploiters, scammers, bastards, evildoers, crooks, idiots, morons, criminals, every type of person who would harm others AND THE SYSTEM even at the cost of breaking down the system entirely. AND they wouldnt care.

    just as you need a criminal law and justice system to ensure your neighborhood doesnt become wild west, you also need laws, rules and regulations for EVERY social aspect of life, INCLUDING BUSINESS AND ECONOMICS, so that you can minimize scam, fraud, exploitation and the chances of system breaking down.

    we are in knee deep shit today, but, as he himself put it, alan greenspan was not able to understand that there is a human factor in economics too. 'i dont understand why corporations didnt regulate themselves'. he said. CROOKERY, GREED, BASTARDINESS, IRRESPONSIBILITY. WHAT you were not able to understand, that ceos, executives and board members were humans too ?

    and here we are in a global depression. and we have madoff. stanford. god knows how many more.

    this example should always be in your mind. you need rules and laws and regulations stemming from them so that the concept of a free market CAN ACTUALLY EXIST.

    same goes for internet. maybe more so.

    1. Re:GET THIS IN YOUR HEADS by californication · · Score: 1

      Amen! When the average person is presented with making 1 billion over the years or making 100 million right away and running, they will almost always choose the 100 million even at the expense of the viability of the system they are benefitting from. Why? Because not only is instant gratification a universal human desire, but there's no guarantee that the cash cow they are milking will be around long enough for them to collect that 1 billion. Why work an honest living when you can just take money by selling inflated stock, selling bad financial products, and taking hefty bonuses and then cut and run when the whole thing falls apart? As long as the money is in your pocket, you don't care about the system, there are hundreds more to exploit.

      Of course, sometimes that system is just a single business, and sometimes it is an entire economy.

    2. Re:GET THIS IN YOUR HEADS by unity100 · · Score: 1

      exactly. not only that, but if s/he has the chance of making $100 m right away today and running away with it, s/he will want to be able to make $100 m a day if s/he can in future and will proceed in that direction. DESPITE that it may be a nigh on impossible chance, s/he will believe that s/he will pull it off.

      english language needs a non-gender 3rd person pronoun like the other languages dammit.

  37. Re:[CITATION NEEDED] by Xtravar · · Score: 1

    Mortgages aren't even a close comparison to personal health. When the government has been essentially subsidizing the money business, this was kind of expected.

    And no, I didn't kill your niece and nephew. They or their parents killed them for feeding them peanuts.

    Anyhow, I think safety nets are fine, government or otherwise, as long as personal freedom is provided for. Victor down the street should be able to make drugs, peanut butter sandwiches, or drug-laden peanut butter sandwiches, if he wants to, and I should be able to buy them, without fear of Big Brother stepping in.

    And please don't tell me that the FDA is perfect and not corrupt. At least if a private firm screwed up, they would be held accountable and put out of business, whereas the FDA gets, what, a slap on the wrist?

    There IS an argument for stopping people from hurting themselves IF we have a socialized health care system, but you can't make everything that's dangerous illegal.

    --
    Buckle your ROFL belt, we're in for some LOLs.
  38. The problem is excessive regulation. by MaWeiTao · · Score: 1

    The problem in the US is that even when there is "no" regulation things still are regulated in a way that cripples competition. There is obviously something wrong in this country making it exceedingly difficult for new companies to enter the market and next to impossible for one to start from the ground up.

    Why is it that in Asia there are literally dozens of internet providers of all types? These companies all fighting for consumer dollars ensures cheap prices and less of an opportunity for abuse. I can't say I always always impressed with the quality of service out there. I switched from cable to DSL because cable was such complete and utter crap. But, what was important is that it was cheap and I had plenty of competitors to choose from.

    The US market seems to be one where only the biggest companies can afford to survive. And who's fault is this? The government, thanks to inappropriate and excessive regulation and heavy taxes. The problem isn't just how the government does or does not regulate the internet itself but how they regulate every other aspect of business.

    Maybe the government should examine what put us in this situation rather than trying to cram yet another bit of regulation that will just cause further problems.

    But then, we have a government that seems to make decisions based on ideology and not what could be truly best for the nation. And more troubling, they seem intent on securing their own power base.

    1. Re:The problem is excessive regulation. by Lendrick · · Score: 1

      Maybe the government should examine what put us in this situation rather than trying to cram yet another bit of regulation that will just cause further problems.

      That's certainly a good thought, but unfortunately you're sticking a lot of other baggage with it. Just because some regulation is bad, it doesn't necessarily follow that all regulation is bad (likewise, just because some deregulation is bad, it doesn't necessarily follow that all deregulation is bad). Regulations that grant a monopoly to one carrier are generally bad (I live in Columbus, and I can get my cable modem service from at least 3 different providers that I can think of right now, as well as several DSL providers. My service has been fast and excellent, and I feel very sorry for all the people out there who are stuck with a single provider like Comcast).

      On the other hand, regulations such as net neutrality that see to it that consumers aren't screwed over are a good thing. I'm certain that each and every one of those providers here in Columbus would love to buy out the other two if they could afford it, and if I'm stuck with one provider, you can be damn sure I want regulations in place that say they can't start mucking with my packets.

      The world is a complicated place. Just because one extreme is bad doesn't mean that the other extreme is any better. The optimal place is usually somewhere in between.

  39. Re:[CITATION NEEDED] by Anonymous Coward · · Score: 0

    How did Mortgage backed investments get so overvalued and rated at AAA status, even though by all accounts they were overvalued and overrated. Oh yeah, it's because the rating agency was unregulated and was Paid based on the rating they gave the investment.

    Wrong. They were rated at AAA status due to misplaced faith in and misuse of Li's formula, due to splitting payments up based on time (earliest payments being the safest, or AAA), and due to a general failure of the people dealing in them to understand the relationship of mortgages in aggregate. A foreclosure in one case was calculated as being irrelevant to all the other mortgages when that is not the case. You say "by all accounts" they were overvalued when in reality there were very few voices saying that until the meltdown had already begun. Payment based on ratings did play a part, as you say, but it was not the primary cause.

    For a counterexample of a private regulating body whose work is universally respected and valued, see Consumer Reports.

    People should have the freedom to use unsafe products if they really want to.

    Thanks, you just killed my neice and nephew who are allergic to peanuts. If the peanut recall that spread for weeks and weeks taught us anything, it's that we aren't buying directly from the local guy anymore.

    Your niece and nephew have known allergies and they (or their caregivers) are responsible for avoiding allergens. Think a little farther here: if a company decides not to report that it may contain peanut residue it is opening itself up to a costly lawsuit and damage to its reputation, as the GP stated. "Unsafe products" probably refers more to medicines that FDA has not approved, which are currently very hard to get, even if you're a terminal patient looking at a possible but untested cure. People should have the freedom to use unsafe products if they really want to.

    Suppliers barely know where their supplies come from, or where their suppliers get their supplies from.

    This IMO contributes far more to the problem than any lack of regulation. Along with that anonymity comes a lack of empathy and concern. Luckily, the local food movement is gaining mindshare and it will soon be more economically sound anyway due to rising oil prices.

    Also, without a regulatory agency that is impartial and looking out for the consumer, cost is the only thing that rules. A milk company could use melamine for months, paying off the "self-regulators" until the "good milk" suppliers are driven out of business, because their milk costs more.

    Again, Consumer Reports is a great example of an impartial regulatory agency untainted by the problems you mention. Such bodies are unlikely to take bribes because once people get sick, the milk will be inspected, the bribes will come to light, and the agency will die. If you think that government agencies are immune to such behavior then you are deluding yourself. The only difference is that the government agency is "reformed" instead of removed. /AC, already modded.

  40. Re:[CITATION NEEDED] by Anonymous Coward · · Score: 1, Insightful

    They or their parents killed them for feeding them peanuts

    Well, actually, they were feeding them applesauce, but to save $0.05 in water and $0.52 in labor, the company quit washing down the chopping blades between ingredients, and they got the first batch of applesauce after the last batch of peanut butter.

  41. 30 percent of the country means nothing by Chmcginn · · Score: 1

    if Comcast owns 100% of your city.

    --
    Have you been touched by his noodly appendage?
  42. But Obama is evil and hates the internet! by californication · · Score: 2

    But Obama is evil and hates the internet! All those things he told us during his campaign were lies! I'm not going to believe this and instead am going to point out every other example that he is in the pocket of the telcos and the media companies.

  43. Re:Un regulated banks, santa claus, and easter bun by Qzukk · · Score: 1

    There's NO such thing as an unregulated bank.

    Of course not, because things that were unregulated were not banks.

    GMAC wasn't a "bank" and wasn't regulated as such (until it scrambled and clawed its way to bankhood out of sheer desperation). Goldman Sachs and Morgan Stanley were not "banks"... until they really really wanted to be.

    --
    If I have been able to see further than others, it is because I bought a pair of binoculars.
  44. Was 9/11 an invasion? by tepples · · Score: 1

    I'll pick an obviously unconstitutional act: the suspension of Habeas Corpus. It's right there, Article 1 Section 9. Only in cases of rebellion or invasion. (You'll have to join me in the reasonable assumption that the Founders didn't mean "when we invade another country.")

    Should I also join you in the assumption that a rebellion or invasion didn't take place on 2001-09-11?

    1. Re:Was 9/11 an invasion? by Lendrick · · Score: 2, Insightful

      Should I also join you in the assumption that a rebellion or invasion didn't take place on 2001-09-11?

      9/11 was a tragedy, a horrific crime, and a terrorist act. That said, calling it an "invasion" is beyond a stretch. It's interesting the way you phrased this; you're essentially making an implicit association between saying that the September 11th attacks weren't an invasion and trivializing the deaths of 3,000 people. Clever, but I'm not falling for it. This is precisely the sort of thinking that we need to guard against in order to preserve our freedoms.

      Nations become dictatorships through a perpetual state of "national emergency" all the time. Terrorism isn't a "new" threat, despite what people may say about it. The threat of terrorism has been around since before recorded history, yet every time a major terrorist attack happens and someone in the government wants to use it as an excuse to increase their power, they claim that it's a New Kind Of Threat.

      We're never going to be completely safe from outside threats, no matter what we do. Denying our own freedoms because of that is un-American.

    2. Re:Was 9/11 an invasion? by Anonymous Coward · · Score: 0

      So obviously we shouldn't have gone to war with the Japanese after Pearl Harbor--that wasn't an invasion either. In fact, their goal was to simply keep us OUT of a war by hurting us too bad we would decided not to fight. Kind of what Osama claimed as his goal for the 11 Sep 01 attacks--get the US out of the middle east.

        Of course, they soon invaded the Philippines (which was at the time US Territory), but according to your logic what they did was simply a "terrorist act".....

    3. Re:Was 9/11 an invasion? by Lendrick · · Score: 1

      Of course, they soon invaded the Philippines (which was at the time US Territory), but according to your logic what they did was simply a "terrorist act".....

      Just because an attack justifies a war doesn't mean that it's an invasion. 9/11 justified the war in Afghanistan, much like Pearl Harbor justfied America's entrance into WWII. It is entirely possible to go to war without suspending habeas corpus, as we have done many times in the past. In all of those cases, it was possible that foreign nationals were already inside our borders.

    4. Re:Was 9/11 an invasion? by DECS · · Score: 1

      You should, or the Constitution isn't worth the paper it was written on. If our freedoms can be thrown out whenever radicals stage a terrorist attack (in this case, crashing a plane that resulted in subsequent horrific damage and loss of life, but certainly not an "invasion" by a foreign power and unquestionably not a "rebellion"), then we really don't have any real freedom.

      Don't Republicans make a pretense of upholding the Constitution as a big part of their platform? Or is it only lip service, like the whole bit about shrinking government and being fiscally responsible?

      In the last 8 years of nearly unfettered Republican rule, the Constitution was trampled, the government expanded (and not by offering services to citizens, but largely in becoming a militarized taser police state focused on enforcing pot laws through paramilitary raids on citizens), and taxpayers amassed the highest deficit ever, following Clinton's efforts to balance the budget and get the US out of debt.

      Republicans hate America as much as Islamic fundamentalists, and yet Obama isn't rounding up Rush Limbaugh and his party's members and holding them without due process as enemies of the state. And they are. Your argument for rebellion actually fits there. Republican leaders have incited terrorism (OReilly), hope for the President's stimulus to fail (Limbaugh) and repudiate rational thought and science in order to establish religion (further dumping on the Constitution).

      Better be glad Obama isn't the power grabbing fascist Bush was, or you'd already be locked up in Cuba getting raped by US soldiers armed with video cameras, tasers, and memorandums giving them carte blanch to torture.

    5. Re:Was 9/11 an invasion? by sumdumass · · Score: 2, Informative

      Wow, I find it amazing that your actually willing to spew this shit outside of your little I hate Bush Camps. Did you forget where you are or are you really that stupid to think your misconceptions would remain unchallenged at a site that is known for the frequent association of smart people.

      You should, or the Constitution isn't worth the paper it was written on. If our freedoms can be thrown out whenever radicals stage a terrorist attack (in this case, crashing a plane that resulted in subsequent horrific damage and loss of life, but certainly not an "invasion" by a foreign power and unquestionably not a "rebellion"), then we really don't have any real freedom.

      First of all, the constitution stops the freedoms of it's citizens from being trampled on by it's governments. I hope you understand that because a lot of other countries don't have near the same freedoms and the constitution does nothing to give it to them. In fact, it doesn't give freedoms to anyone in the US either. "We the people of the United States" does say we the people plus those terrorists or we the people plus our enemies or we the people of the entire world. It has already been ruled on by the courts that the constitution doesn't extend to foreigners unless a law makes it so. On that same note, a law can also make it not so. And yes, the law your referring to didn't include citizens that weren't involved an act of war against the US would constitution Civil Rebellion by definition.

      Don't Republicans make a pretense of upholding the Constitution as a big part of their platform? Or is it only lip service, like the whole bit about shrinking government and being fiscally responsible?

      Actually, that would be conservatives in both cases. Don't confuse one with the other just because you saw one that was both. Don't let your own ignorance punish your image by making such stupid statements.

      In the last 8 years of nearly unfettered Republican rule, the Constitution was trampled, the government expanded (and not by offering services to citizens, but largely in becoming a militarized taser police state focused on enforcing pot laws through paramilitary raids on citizens), and taxpayers amassed the highest deficit ever, following Clinton's efforts to balance the budget and get the US out of debt.

      This is the part that I read and realize you were so brainwashed that you needed to be put in place. The vast majority of the "tazing" police incidents happened in towns controlled by democrat leaders and by local police under their control. The Politician speaking tazing incident was John Kerry's, a democrat not a republican where the security staff tazzed a student repeatedly for asking fucking questions. I think on the paramilitary issue, you are going to find the same answers too, democrats are behind them just as much as any other political entity. You are a damn fool for attempting to claim it was a one sided issue and you are a damned idiot for believing it yourself.

      Ad for Clinton's "budget", it was held together by gimmicks and smoke screens unique to several specific years of his administration. The 2000 budget would of had us balanced for the next 10 years too if shit didn't change. Your also wrong about the "8 years of nearly unfettered Republican rule" There has only been 2 of those 8 years that the republicans control the house, senate and the executive and of those 2 years (2003-2005 and of that majority, it was only one by one senator. The entire idea that republicans controlled everything is nothing but a fallacy created by the democrats to excuse themselves of the behavior they are supposedly against. In your enlightened way, you swallowed it hook line and sinker.

      Republicans hate America as much as Islamic fundamentalists, and yet Obama isn't rounding up Rush Limbaugh and his party's members and holding them without due process as enemies of the

    6. Re:Was 9/11 an invasion? by DECS · · Score: 0, Troll

      hey dumdum, er, "sumdumass:"

      first off, it's = it is.

      second, as you acknowledge in principle, "the constitution stops the freedoms of it's citizens from being trampled on by it's governments" but NOT IF BUSH IGNORES IT. That's the point you struggle to grasp as you rant on about how terrorists don't have any protections.

      The problem is, unless you only ever take a break from Fox News to watch "24," the definition of who "the terrorists" are is not conveniently scripted. Your reasoning is specious and absurdly childish.

      If we trusted the government to just "do whatever it takes" to provide security and freedom, we wouldn't need a Constitution. The reason we have a Constitution and a revered rule of law is to prevent crooks like Bush and his administration from overstepping their authority in violating the freedom of citizens and violate international law to do things our society has long determined to be inappropriate. That includes picking up citizens and holding them for years in torture concentration camps without even charging them with a crime.

      The rest of your post is so wildly uninformed and rant-a-holic I didn't bother reading further.

      Please do society a favor and kill yourself.

    7. Re:Was 9/11 an invasion? by Barradrewda · · Score: 0, Flamebait

      I just wasted my time reading that post and what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

    8. Re:Was 9/11 an invasion? by sumdumass · · Score: 1

      You just keep being the good little robot sitting in the corner and parroting what your masters tell you then. No skin off my teeth.

    9. Re:Was 9/11 an invasion? by sumdumass · · Score: 1

      first off, it's = it is.

      Woopee, you got me on a grammar error, that defeats ever fucking point I made and solidifies your position right. You mom must be proud of you.

      second, as you acknowledge in principle, "the constitution stops the freedoms of it's citizens from being trampled on by it's governments" but NOT IF BUSH IGNORES IT. That's the point you struggle to grasp as you rant on about how terrorists don't have any protections.

      Actually, if you listened to his reasoning, it doesn't appear that he ignored it. However, the Supreme court is who will have to determine who is right on that and the democrats don't want to push the issue because they are scared of being wrong.

      BTW, it isn't a process of ignoring when you assume a justification consistent with it. Bush supposedly found the powers you think he didn't have through the interpretation of the constitution. That in no way can be considered ignoring it. Even if he was wrong in doing so. But here you are, convinced of something that never happened because someone told you so. Support that someone added 200388593 to the square root of 229543652 in their head, does that mean they ignore math if the got it wrong? Use your fucking brain here as stop with the partisan propaganda that you have been feed.

      he problem is, unless you only ever take a break from Fox News to watch "24," the definition of who "the terrorists" are is not conveniently scripted. Your reasoning is specious and absurdly childish.

      Christ-- what the hell is it with you propaganda spewing asses. I don't even have cable, how the fuck am I supposed to be watching Fox News. Terrorist are people who specifically target citizens with no military connection in attacks or acts of terror in an attempt to bend political will. It's really simple. If someone is plotting to kill your mom, they are a murderer. If they are plotting to do it to force you to change a law, they are terrorists. But a terrorist doesn't have to be a murderer to be one. I'm not sure how anyone with a functioning brain of cognitive thinking skill can get confused over what a damn terrorist is. A terrorist is basically a criminal who uses violence, the threat of violence, and mass panic to influence something unrelated to the people it us used on.

      If we trusted the government to just "do whatever it takes" to provide security and freedom, we wouldn't need a Constitution. The reason we have a Constitution and a revered rule of law is to prevent crooks like Bush and his administration from overstepping their authority in violating the freedom of citizens and violate international law to do things our society has long determined to be inappropriate. That includes picking up citizens and holding them for years in torture concentration camps without even charging them with a crime.

      First off, we are a sovereign nation and international law doesn't have a damn thing to do with us. We make treaties for the things we agree with but at no time ever, does one of those treaties put an entity above our sovereign rights.

      Second, I never said to give government or Bush the power to "do whatever it takes" now did I? Don't put words in my mouth that I didn't say. I said Bush did something and the differences between him and Obama was where the power was being taken. You may find that offensive, but what troubles me is that your still focused on the ex-president and seem to not care about the current crook at the helm. And yes, if Bush was a crook, Obama is one in the very same right.

      As for the torture concentration camps, your fucking crazy. There have been few US citizens held in them and they either found a trial or was released. I'm not concerned with citizens of other nations because our constitution doesn't cover them. I'm also not concerned with what other nations think about us because they don't run this

    10. Re:Was 9/11 an invasion? by Anonymous Coward · · Score: 0

      Please beat yourself to death with your AM radio

    11. Re:Was 9/11 an invasion? by Barradrewda · · Score: 1

      I throw out a topically appropriate Adam Sandler quote and get Flamebaited!? Who are these mods? Informative? That guy didn't make a single substantive claim anywhere in that mess of an argument. He just shouted things and insulted stuff. This place is losing its cred and fast.

    12. Re:Was 9/11 an invasion? by sumdumass · · Score: 1

      It's not loosing it's cred, your just not able to understand what is being said. And to prove it, I will sumerize the points made that you so clearly missed then cryed about it.

      Point 1: The freedoms the constitution protect are freedoms that it stops the government from taking away from it's citizens. Treating foreign terrorist like prisoners of war or detainies has nothing to do with the constitution and shouldn't have been in the same sentence the op made.

      Point 2: It was the conservatives who made the position about preserving the constitution. Conservatives can be republicans but republicans don't have to be conservative. Again the op is completely wrong because he can't even grasp the argument (like you it seems) or tell the difference between the players on the field.

      point 3: The op was again completely wrong on the Tazing of citizens when blaming it on republicans, the areas they are happening are local towns and cities controlled largely by democrats and acted on by local cops under their supervision. In fact, probably the most remembered tazing incident was the student in Florida that was zapped for asking John Kerry (a democrat) a question during his own question/answer portion of Kerry's speaking engagement. It's pointless for the op to blame a particular party for them because it's clearly happening beyond party lines.

      Point 4: Bringing up Clinton's budgets is pointless because specific circumstances that were around at the time were not under the Bush administration. In fact, the first budget Bush submitted was balanced on paper and after 9/11, his subsequent budgets were scheduled to be balanced again in 4 years.

      Point 5: The was not 8 years of republican rule. The republican's didn't have a majority in the senate for 5 of those years and the other 2-3, it was one vote. Nothing was getting done that democrats didn't support. Repeating the mindless bullshit that the democrats spewed out on the campaign trail without ever verifying it is risky because it is often not true.

      Point 6: There is little difference between Bush and Obama on the issue of taking power. The only differences is where from, how it's used, and who gets screwed in the process. Obama seems focused on the American people, Bush seemed focused on terrorist. This was made ever so clear on the John Stewart show where he did a side by side contrast of Obama's Iraq policy verses Bushes. It's not different except they are changing the terms slightly so he can take credit for it.

      There are 6 main points I made. There are some sub points but I don't particularly want to go into drawing pictures and diagrams so you can see those points. I hate to say it, but those points were pretty obvious to anyone who isn't brainwashed or completely stupid and you arguing that you couldn't see them indicates that process was somewhat effective. I would wager to think it is a little of both or one because of the other. I will allow that a couple could have been missed because of wording or grammatical errors, but you didn't get one by your own admission. And yes, that is an insult because stating the obvious often is.

    13. Re:Was 9/11 an invasion? by Anonymous Coward · · Score: 0

      Oh, I get it. You've opened my eyes. Thank you. You have freed me from the hive mind and shown me the error of my ways. I should have voted for Bob Barr. Do you have cable in your mom's basement?

    14. Re:Was 9/11 an invasion? by Barradrewda · · Score: 1

      Crap that wasn't supposed to post anonymously.

    15. Re:Was 9/11 an invasion? by sumdumass · · Score: 1

      I never said vote for Bob Bar or run to the light. I said look around and see for yourself. The point wasn't for me to open your eyes, it was to get you to open your own eyes. The shit that was being spewed could not have came from independent thought unless that thought was intended to manipulate other people's thought.

      That is somewhat disturbing, you for some reason think that if someone doesn't agree with you, they are pushing some agenda like Bob Bar or something. Fuck dude, quite smoking the glass dick. Not agreeing with someone could just be because the facts don't back up what they said. If that is somehow threatening to your worldview or existence, then you need to step away from the cult as soon as possible. All I'm doing is pointing out where the facts don't support the perceived reality, if you open your eyes, it doesn't matter what you believe or who you believe in even if it is nobody at all. What matters is that you or the OP, when you create the little world, don't base it on fallacies designed to manipulate you into their advantage. This isn't a left- right- or party issue, it's a cognitive reasoning one.

  45. Paradoxical Position by jlmale0 · · Score: 3, Interesting

    Telcos have long claimed non-responsibility for content because they're just providing the information and that they have no way of filtering it. It seems, then, that to promote tiered service breaks down this legal defense. After all, if they can pick and choose between types of traffic based on origin, it erodes their ability to say they can't filter on other criteria.

  46. Re:[CITATION NEEDED] by csartanis · · Score: 1

    People should have the freedom to use unsafe products if they really want to.

    And what if people dont know that these products are unsafe? I have the option of buying tens of thousands of different products at the store every day, should I have research each and every one of them before buying just to be sure it wont kill me or my family? There needs to be some reasonable expectation of safety here.

  47. Re:[CITATION NEEDED] by Rhone · · Score: 1

    Additionally, with so much information at one's fingertips nowadays, there's no reason why people shouldn't be researching drugs they put into themselves.

    How about an elderly patient with dementia or alzheimer's, living in a nursing home? Or a patient who gets rushed to the ER with a stroke or heart-attack, gets stabilized (with meds administered by IV), and then gets transferred to an ICU or med/surg unit with a list of newly prescribed meds?

    You can't just assume everyone is in a position to say "Wait, let me research those meds you're prescribing before I take them."

  48. Common carrier by TechwoIf · · Score: 1

    We already have net Neutrality, it is call common carrier. Just put ISP in that bracket and be done with it.

  49. Re:[CITATION NEEDED] by Xtravar · · Score: 1

    Allow me to clarify. Under my plan, things would be no different, except that doctors may be able to prescribe better drugs/remedies that are not necessarily 'approved'. Think about herbal remedies that nobody wants to invest in to get through the 'FDA' approval process, and experimental drugs that are years and many clinical studies away from market.

    Whether in this proposed system or in the current system, if you or a loved one is prescribed medications, you have a responsibility to perform minimal research into the effects of the prescribed drug. There are plenty of dangerous drugs being prescribed to people who cannot take them, due to conflicting prescriptions, allergies, or lifestyle conflicts.

    If you're in a nursing home, they know everything about you already, so complications are less probable. If you're in the ER, they stick to safe medications until they have information about your medical history. Not to mention, anything you're given in the ER is short-term and thus has less potential for long-term adverse effects.

    --
    Buckle your ROFL belt, we're in for some LOLs.
  50. Re:[CITATION NEEDED] by Xtravar · · Score: 1

    Well, you know products are relatively safe if they have a label right now, right? What's the difference with having "UL certified" symbol?

    Like I said, with the dissemination of information and litigious nature of our society, it is pretty unlikely that widespread complications would happen under such a proposal. At least no more than the current system.

    I don't necessarily see why government=safe and non-government=unsafe. Plenty of things have gotten past the FDA. There are plenty of reasons why a privatized FDA would be just as effective - the least of which that if you kill your customers then you have no customers.

    I have a reasonable expectation of safety from plenty of products in my life without a government seal of approval. I can see why people are a bit touchy about food and drugs, but let's be a little open minded about it, shall we?

    --
    Buckle your ROFL belt, we're in for some LOLs.
  51. Re:[CITATION NEEDED] by Anonymous Coward · · Score: 0

    "People should have the freedom to use unsafe products if they really want to."

    Thanks, you just killed my neice and nephew who are allergic to peanuts.

    My sympathies as I have a nephew with severe food allergies. Thankfully, he is not a total dumbfuck like yourself and comes from better genestock. Your retarded relatives are free to eat all the peanuts they want. Captcha: stupid - it's like it knows you.

  52. Re:[CITATION NEEDED] by Abcd1234 · · Score: 1

    Again, Consumer Reports is a great example of an impartial regulatory agency untainted by the problems you mention.

    Consumer Reports isn't paid by manufacturers to rate their products, and manufacturers don't shop around to find a magazine that will give them the rating they want.

    In short: your example of CR is, at best, specious.