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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."
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
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.
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)
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
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