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."
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.
Haiku for you!
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.
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.
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.
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)
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)
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!
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
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
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